TVS Jupiter with start-stop technology launched
The TVS Jupiter has become the bike maker’s first model to receive the company’s new TVS intelliGO stop-start technology. The system has been introduced on the Jupiter ZX Disc variant, priced at ₹ 72,347 (ex-showroom, Delhi).
The intelliGO system works much like the silent-start-stop systems seen on some Honda and Hero two-wheeler offerings. However, the introduction of this technology on the Jupiter makes it the first 110cc scooter to get the feature.
It is powered by a 110cc engine developing 7.5hp at 7,000rpm and 8.4Nm at 5500rpm. The Jupiter’s system targets fuel economy and the company claims that it is 15% more efficient than the model it replaces.
European Economics Preview: Eurozone Flash Consumer Prices, Final PMI Data Due
Flash consumer prices and final composite Purchasing Managers’ survey results are due from euro area on Wednesday, headlining a busy day for the European economic news.
At 2.00 am ET, the Turkish Statistical Institute releases consumer and producer price figures for January. Economists expect inflation to rise to 14.68 percent from 14.6 percent in December.
At 3.15 am ET, IHS Markit releases Spain’s services PMI data. The index is seen at 45.3 in January, down from 48.0 in December.
At 3.45 am ET, Italy’s services PMI data is due. The services index is expected to fall to 39.5 in January from 39.7 a month ago.
Thereafter, final PMI figures are due from France and Germany at 3.50 am and 3.55 am ET, respectively.
At 3.55 am ET, Iceland’s central bank is set to announce its interest rate decision.
At 4.00 am ET, IHS Markit publishes euro area composite PMI survey results. The final reading is seen at 47.5 in January, unchanged from flash estimate.
At 4.30 am ET, UK final composite PMI data is due. According to flash estimate, the composite index fell sharply to an eight-month low of 40.6 in January from 50.4 in December.
At 5.00 am ET, Eurostat publishes euro area flash consumer and producer price figures. Economists forecast consumer prices to rise 0.5 percent annually in January, in contrast to a fall of 0.3 percent in December.
Also, at 5.00 am, Italy’s Istat releases flash consumer price figures for January. Consumer prices are forecast to drop 0.1 percent annually after easing 0.2 percent in December.
Twitter Q4 Results Trump Wall Street View
Twitter Inc. (TWTR) Tuesday reported an increase in profit for the fourth quarter as revenues grew 28%. The social media giant’s results trumped Wall Street estimates.
San Francisco, California-based Twitter’s fourth-quarter profit rose to $222 million or $0.27 from $119 million or $0.15 per share last year.
Adjusted earnings for the quarter were $0.38 per share, up from $0.25 per share last year. On average, 25 analysts polled by Thomson Reuters estimated earnings of $0.31 per share.
Fourth-quarter revenues grew 28% to $1.29 billion from 1.01 billion last year. Analysts had a consensus revenue estimate of $1.19 billion for the quarter.
Average monetizable daily active Twitter user (mDAU) was 192 million for fourth quarter, compared to 152 million in the same period last year and compared to 187 million in the previous quarter.
Commenting on the results, CEO Jack Dorsey said, “We reported a 27% year-over-year increase in mDAU in Q4 2020, reaching an average of 192 million. Our product changes to date are promoting healthier conversations for those who use our service, including advertisers and partners, and we are excited about our plans to continue innovating in 2021.”
Looking forward to the first quarter, Twitter expects revenues to be between $940 million and $1.04 billion. Analysts currently estimate revenues of $965.14 million.
TWTR closed Tuesday’s trading at $59.88, up $1.68 or 2.89%, on the Nasdaq. The stock further gained $1.17 or 1.95%, in the after-hours trading.
Crown Holdings Inc. Q4 adjusted earnings Beat Estimates
Crown Holdings Inc. (CCK) reported a profit for its fourth quarter that increased from last year.
The company’s earnings came in at $151 million, or $1.12 per share. This compares with $87 million, or $0.64 per share, in last year’s fourth quarter.
Excluding items, Crown Holdings Inc. reported adjusted earnings of $202 million or $1.50 per share for the period.
Analysts had expected the company to earn $1.27 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 6.1% to $2.96 billion from $2.79 billion last year.
Crown Holdings Inc. earnings at a glance:
-Earnings (Q4): $202 Mln. vs. $141 Mln. last year.
-EPS (Q4): $1.50 vs. $1.04 last year.
-Analysts Estimate: $1.27
-Revenue (Q4): $2.96 Bln vs. $2.79 Bln last year.
Next quarter EPS guidance: $1.35 to $1.40
Producer-Screenwriter Angela Marie Hutchinson Signs With A3 Artists Agency
EXCLUSIVE: Angela Marie Hutchinson, who created and executive produces the Facebook Watch series Asking for a Friend, has signed with A3 Artists Agency within its alternative programming, digital media, licensing and branding division.
The producer-screenwriter’s Facebook series features Vanessa Simmons as host and is part of Facebook’s “We the Culture” initiative to celebrate Black voices. The Facebook Watch show dives into a number of topics including toxic relationships, politics, community activism and more.
Hutchinson also penned the OWN original holiday movie A Christmas for Mary, starring Vivica Fox and Jackée Harry. The romance follows up-and-coming journalist Lena Jones (Morgan Dixon) as she works to deliver a story that will impress her boss (Fox) ahead of the holidays. While on assignment, Lena learns more about her grandmother and uncovers a past full of cherished memories.
Hutchinson’s producing credits also include Hollywood Chaos, Diva Diaries, H.U.S.H. Hollywood’s Uncovered Sexual Harassment and The Breaking into Hollywood Show, for which she also wrote six episodes.