Deputies responding to “unknown incident” near Aspen Schools
Law enforcement officials are at the scene of an “unknown incident” that happened near Aspen Schools, the Pitkin County Sheriff’s Office said.
Roads in the area are closed, and the sheriff’s office advised people to stay away from the area.
This is a developing story and will be updated.
I-25 northbound closed due to crash near Denver Tech Center
Interstate 25 northbound is partially closed due to a multi-vehicle crash near the Denver Tech Center.
The crash, which was first reported just before 6 a.m., is between Interstate 225 and Hampden Avenue, according to the Colorado Department of Transportation. Initially, one lane was left open, but the north lanes closed entirely about 7:55 a.m. Two lanes have reopened as of 8:15 a.m.
There is an estimated 30-minute delay due to the crash, according to CDOT’s Trip Planner website, and traffic is at a standstill in the area.
There is no estimated time of reopening.
5 hospitalized following a shooting on east side of Colorado Springs Tuesday evening
COLORADO SPRINGS, Colo. — Five people were hospitalized following a shooting on the east side of Colorado Springs on Tuesday evening.
The shooting happened just after 7 p.m. at the Alta Convenience Store near the intersection of Palmer Park Boulevard and Potter Drive.
It is unclear if anyone has died as a result of the shooting or if there are more victims involved.
Read the full story on the Denver Channel’s website.
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European Economic News Preview: Germany Ifo Business Confidence Due
Business confidence survey results and final inflation data from Germany are the top economic news due on Wednesday.
At 2.00 am ET, Destatis is scheduled to issue Germany’s final consumer and harmonized prices for January. The flash estimate showed that harmonized inflation eased to 9.2 percent from 9.6 percent in December, while consumer price inflation rose to 8.7 percent from 8.6 percent.
At 2.45 am ET, France’s Insee is scheduled to issue business confidence survey results. The business sentiment index is seen unchanged at 103 in February.
At 4.00 am ET, Germany’s ifo Institute releases business sentiment survey results. Economists forecast the business climate index to rise to 91.2 in February from 90.2 in the previous month.
In the meantime, final consumer and harmonized consumer prices are due from Italy. Consumer price inflation is expected to slow to 10.1 percent in January, as initially estimated, from 11.6 percent in December.
La-Z-Boy Spikes On Q3 Earnings Growth
La-Z-Boy Inc. (LZB) shares are up 15 percent after the company reported growth in third-quarter earnings supported by revenues.
The quarterly earnings were $31.73 million or $0.74 per share, up from $28.47 million or $0.65 per share last year.
Sales for the third quarter increased to $572.73 million from $571.57 million a year ago.
Currently, shares are at $31.68, up 15.28 percent from the previous close of $27.48 on a volume of 328,574.
Sprout Social Stock Gains 7% On Quarterly Results
Shares of Sprout Social, Inc. (SPT) are gaining over 7% on Wednesday morning after reporting its fourth-quarter results.
SPT is currently trading at $62.94, up $4.31 or 7.35%, on the Nasdaq. The stock opened its trading at $64.47 after closing previous trading at $58.63. The stock has traded between $38.39 and $85.99 in the past 52-week period.
Revenue was $69.7 million, up 31% from $53.3 million last year.
Net loss for the quarter was $11.9 million or $0.22 per share, compared to a loss of $9.9 million or $0.18 per share last year.
On an adjusted basis, net income was $1.8 million or $0.03 per share, compared to adjusted loss of $2.7 million or $0.05 per share last year.
Analysts polled by Thomson Reuters expected a loss of $0.01 per share and revenues of $74.87 million for the quarter.
Overstock.com Stock Slips 5% After Posting Q4 Loss
Shares of Overstock.com, Inc. (OSTK) are slipping nearly 5% on Wednesday morning after the online retailer reported a loss for the fourth quarter, with revenues falling short of estimates.
OSTK is currently trading at $20.01, down $1.05 or 4.96%, on the Nasdaq. The stock opened its trading at $19.40 after closing previous trading day at $21.06. The stock is trading at $17.05 and $59.46 in the past 52-week period.
Revenues for the quarter dropped to $404.9 million from $612.7 million last year.
Net loss for the fourth quarter was $15.5 million or $0.34 per share, compared to net income of $32.9 million or $0.68 per share last year. Adjusted net loss per share for the quarter was $0.04.
Analysts polled by Thomson Reuters expected earnings of $0.02 per share and revenues of $448.67 million for the quarter.
Five-Year Note Auction Attracts Slightly Above Average Demand
The Treasury Department continued this week’s series of announcements of the results of its long-term securities auction on Wednesday, revealing this month’s sale of $43 billion worth of five-year notes attracted slightly above average demand.
The five-year note auction drew a high yield of 4.109 percent and a bid-to-cover ratio of 2.48.
The Treasury also sold $43 billion worth of five-year notes last month, drawing a high yield of 3.530 percent and a bid-to-cover ratio of 2.64.
The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.
The ten previous five-year note auctions had an average bid-to-cover ratio of 2.41.
On Tuesday, the Treasury revealed this month’s auction of $42 billion worth of two-year notes attracted average demand.
The Treasury is due to announce the results of this month’s auction of $35 billion worth of seven-year notes on Thursday.