Entercom Communications Slips To Loss In Q3
Entercom Communications Corp. (ETM) reported that its third-quarter net loss was $16.88 million or $0.13 per share, compared to net income of $38.21 million or $0.28 per share in the prior year.
Net revenues for the quarter were $268.5 million, down 30% from last year.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.06 per share and revenues of $266.95 million for the quarter. Analysts’ estimates typically exclude special items.
Digital revenues were $47.3 million, up 41% compared to the third quarter of 2019 and were propelled by continued strong audience and revenue growth in podcasting and digital audio advertising.
EARNINGS SUMMARY: Details of Cheniere Energy Inc. Q3 Earnings Report
Below are the earnings highlights for Cheniere Energy Inc. (LNG):
-Earnings: -$463 million in Q3 vs. -$318 million in the same period last year.
-EPS: -$1.84 in Q3 vs. -$1.25 in the same period last year.
-Analysts projected -$0.32 per share
-Revenue: $1.46 billion in Q3 vs. $2.17 billion in the same period last year.
How Claims of Dead Michigan Voters Spread Faster Than the Facts
Journalists have debunked most claims of voter fraud, but President Trump’s supporters have not seemed to notice.
By Jack Nicas
Bitcoin Hits $15,500 as Post-Election Rally Loses Some Steam
Bitcoin extended recent gains in Friday trading, continuing its slow progress toward $16,000 after joining a slew of assets from oil to Asian stocks that rallied in the wake of the U.S. election.
While the token’s weekly advance is starting to look parabolic at 14%, on Friday the move roughly matched its daily average for the past month of about 2%. That’s less than half of the swings notched in the depths of pandemic in March, and well below the average 30-day volatility the digital asset has displayed in more than a decade of trading.
The gains took Bitcoin above $15,500 for the first time since early 2018, though by 6:29 a.m. in New York it was at $15,465.88.
To bulls, the steady gain is adding to the perception that the biggest digital token is gaining more mainstream credibility.
Recent institutional endorsements includeSquare and investors likePaul Tudor Jones, while massive central bank easing has added to the backlash over the established monetary order.
Trump’s ‘Most Dishonest Speech Ever’ Stuns CNN Fact-Checker
President Donald Trump’s speech on Thursday was so dishonest that most networks cut away midway through as he claimed without evidence that Democrats were trying to steal the election.
While most of Trump’s speeches contain lies and exaggerations, CNN fact-checker Daniel Dale said this one reached a whole new level.
“I’ve watched or read the transcript of every Trump speech since late 2016. I’ve cataloged thousands and thousands of his false claims,” Dale wrote in a CNN column. “I have never seen him lie more thoroughly and more egregiously than he did on Thursday evening at the White House.”
Dale also debunked 16 of Trump’s most outlandish statements, including his claim that there must be something wrong with the mail-in ballots since Biden was winning so many of them.
“There is nothing suspicious about the fact that far more Biden voters than Trump voters chose to vote by mail,” Dale wrote. “Biden encouraged his supporters to do so while Trump relentlessly disparaged mail-in voting as fraud-prone and unsafe.”
Read the full column here.
Honda Motor Q2 Operating Profit Rises; Increases FY21 Outlook – Quick Facts
Honda Motor Co., Ltd. (HMC) reported that its second quarter profit attributable to owners of the parent increased year-on-year to 240.9 billion yen from 196.5 billion yen. Earnings per share was 139.53 yen compared to 111.70 yen. Operating profit was 282.9 billion yen, a year-on-year increase of 28.5%. The company said the increase was due primarily to control of SG&A expenses and cost reduction efforts. This was despite a decrease in profit related to changes in sales revenue and model mix.
Second quarter sales revenue were 3.65 trillion yen, a year-on-year decrease of 2.1%. The company said the decrease was due primarily to a decrease in sales revenue from automobile businesses and unfavorable foreign currency translation effects.
Honda Motor said its forecast for consolidated operating profit for fiscal 2021 was revised upward to 420 billion yen from the prior outlook of 200 billion yen reflecting an increase in unit sales and the business constitution built during the fiscal first half.
Second quarter dividend will be 19 yen per share, an increase of 8 yen per share compared to the prior forecast. Total dividends paid for the fiscal year are planned to be 68 yen per share.
Greta Thunberg Hilariously Trolled Donald Trump on Twitter With His Own Tweet
Greta Thunberg, 17-year-old environmental activist and overall badass, is a literal icon…but with that icon status comes more than a few people who just cannot bear to witness and accept the greatness. Sadly, one of those haters includes Donald Trump—a 74-year-old man who for some reason really enjoys picking on someone he’s literally 57 years older than.
Case in point: After Greta was named Time‘s Person of the Year in December 2019, Trump saw it as an opportunity to (unsuccessfully) try and drag her and her efforts to combat climate change. “So ridiculous. Greta must work on her Anger Management problem, then go to a good old fashioned movie with a friend! Chill Greta, Chill!” Trump tweeted at the time.