Principal Financial Group Inc. Q3 adjusted earnings Miss Estimates

European Economics Preview: Germany Ifo Business Confidence Data Due

Business sentiment survey data from Germany is due on Monday, headlining a light day for the European economic news.

At 2.00 am ET, Statistics Finland releases producer and import prices for September.

At 4.00 am ET, the Turkish Statistical Institute is slated to issue manufacturing sentiment data for October.

In the meantime, Spain’s INE issues producer prices and unemployment data. The jobless rate is forecast to rise to 16.7 percent in the third quarter from 15.33 percent in the second quarter.

At 5.00 am ET, Germany’s ifo business confidence survey results are due. Economists forecast the business sentiment index to drop to 93.0 in October from 93.4 in the previous month.

Treasuries Gain Most in Weeks as Investor Optimism Takes a Hit

Treasuries surged Monday by the most in almost two weeks and the yield curve flattened as concerns about the coronavirus and a lack of fiscal stimulus battered investors’ appetite for risk.

The benchmark 10-year rate fell as much as five basis points to 0.79%, putting it on course for its second-straight daily decline following a six-day stretch of advances that last week saw it hit the highest since June.

Buyers flocked to U.S. bonds and other havens like gold and the dollar, while stocks received a battering. Long-end debt performed best, with demand for the 30-year bond pushing down its yield by as much as six basis points to 1.58%. The widely watched premium of 30-year yields over 5-year — the so-called yield curve — fell to as little as 123 basis points.

The moves, which were accompanied by aflurry of futures contracts changing hands, follow a recent run-up in yields that had been fueled by optimism over stimulus and the prospects for a clear-cut victory by Democratic challenger Joe Biden at next week’s U.S. presidential election.

DU hockey ranked No. 5 in preseason poll – The Denver Post

The University of Denver is ranked No. 5 in the preseason U.S. College Hockey online poll.

North Dakota, Boston College, Minnesota-Duluth and Minnesota State complete the top four.

The Pioneers, who have reached 20 wins in an NCAA-record 19 consecutive seasons, stood 21-9-6 when last season was canceled in March because of the coronavirus pandemic. They return 16 players, including eight seniors, and have nine NHL draft picks.

The National Collegiate Hockey Conference is set to open 2020-21 in a pod format beginning Dec. 1 in Omaha, Neb., with the full schedule forthcoming.

Pelosi hopeful as she awaits White House response on testing plan: spokesman

WASHINGTON (Reuters) – U.S. House Speaker Nancy Pelosi spoke on Monday with Treasury Secretary Steven Mnuchin about COVID-19 relief legislation and she is hopeful the Trump administration will respond positively to Democratic demands for a coronavirus testing plan, Pelosi’s spokesman said.

PotlatchDeltic Corp. Q3 Income Advances

PotlatchDeltic Corp. (PCH) released a profit for its third quarter that advanced from last year.

The company’s bottom line totaled $81.0 million, or $1.20 per share. This compares with $20.6 million, or $0.30 per share, in last year’s third quarter.

Analysts had expected the company to earn $1.13 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 38.3% to $313.0 million from $226.3 million last year.

PotlatchDeltic Corp. earnings at a glance:

-Earnings (Q3): $81.0 Mln. vs. $20.6 Mln. last year.
-EPS (Q3): $1.20 vs. $0.30 last year.
-Analysts Estimate: $1.13
-Revenue (Q3): $313.0 Mln vs. $226.3 Mln last year.

Alexandria Real Estate Equities, Inc. Q3 adjusted earnings Beat Estimates

Below are the earnings highlights for Alexandria Real Estate Equities, Inc. (ARE):

-Earnings: $79.33 million in Q3 vs. -$49.77 million in the same period last year.
-EPS: $0.63 in Q3 vs. -$0.44 in the same period last year.
-Excluding items, Alexandria Real Estate Equities, Inc. reported adjusted earnings of $230.74 million or $1.83 per share for the period.
-Analysts projected $0.57 per share
-Revenue: $545.04 million in Q3 vs. $390.48 million in the same period last year.

-Guidance:
Full year EPS guidance: $7.29 to $7.31

F5 Networks Inc. Q4 adjusted earnings Beat Estimates

F5 Networks Inc. (FFIV) announced earnings for fourth quarter that declined from last year.

The company’s bottom line totaled $77.66 million, or $1.26 per share. This compares with $94.84 million, or $1.57 per share, in last year’s fourth quarter.

Excluding items, F5 Networks Inc. reported adjusted earnings of $149.63 million or $2.43 per share for the period.

Analysts had expected the company to earn $2.37 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 4.1% to $614.82 million from $590.39 million last year.

F5 Networks Inc. earnings at a glance:

-Earnings (Q4): $149.63 Mln. vs. $156.75 Mln. last year.
-EPS (Q4): $2.43 vs. $2.59 last year.
-Analysts Estimate: $2.37
-Revenue (Q4): $614.82 Mln vs. $590.39 Mln last year.

Principal Financial Group Inc. Q3 adjusted earnings Miss Estimates

Principal Financial Group Inc. (PFG) announced a profit for third quarter that declined from the same period last year.

The company’s earnings totaled $236.0 million, or $0.85 per share. This compares with $277.1 million, or $0.98 per share, in last year’s third quarter.

Excluding items, Principal Financial Group Inc. reported adjusted earnings of $234.5 million or $0.85 per share for the period.

Analysts had expected the company to earn $1.39 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

Principal Financial Group Inc. earnings at a glance:

-Earnings (Q3): $234.5 Mln. vs. $345.3 Mln. last year.
-EPS (Q3): $0.85 vs. $1.23 last year.
-Analysts Estimate: $1.39