Essex Property Trust, Inc. Q1 adjusted earnings Beat Estimates
Essex Property Trust, Inc. (ESS) reported a profit for first quarter that fell from the same period last year.
The company’s bottom line came in at $168.44 million, or $2.59 per share. This compares with $315.01 million, or $4.76 per share, in last year’s first quarter.
Excluding items, Essex Property Trust, Inc. reported adjusted earnings of $206.61 million or $3.07 per share for the period.
Analysts had expected the company to earn $0.96 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
Essex Property Trust, Inc. earnings at a glance:
-Earnings (Q1): $206.61 Mln. vs. $238.00 Mln. last year.
-EPS (Q1): $3.07 vs. $3.48 last year.
-Analysts Estimate: $0.96
Church & Dwight Recalls Select Vitafusion Gummy Products
Church & Dwight Co., Inc. is recalling select vitafusion gummy products due to isolated manufacturing issue, the U.S. Food and Drug Administration said.
The affected plastic bottled gummy vitamin products include vitafusion kids Melatonin 50 ct; vitafusion Fiber Well 220ct; vitafusion SleepWell 250ct; vitafusion MultiVites 150ct; vitafusion Melatonin 44ct; vitafusion Melatonin 140ct; and vitafusion Fiber Well 90ct. The expiry date of these products come in between 4/22 and 11/22.
These products were distributed to in-store and e-commerce retailers from November 13, 2020 through April 9, 2021. No other products are included in the recall.
The recall was initiated after the company’s investigation of two consumer reports identified the possible presence of a metallic mesh material in product lots manufactured in a four-day period between October 29 and November 3, 2020.
In some severe cases, ingesting a metallic material could lead to damage of the digestive tract.
Ewing, New Jersey -based Church & Dwight said it is not aware of any reports of consumer illness or injury to date.
Consumers are urged to contact the firm for a full refund.
Boston Properties Inc. Q1 adjusted earnings Beat Estimates
Boston Properties Inc. (BXP) reported earnings for first quarter that decreased from the same period last year.
The company’s bottom line totaled $91.62 million, or $0.59 per share. This compares with $497.50 million, or $3.20 per share, in last year’s first quarter.
Excluding items, Boston Properties Inc. reported adjusted earnings of $243.80 million or $1.56 per share for the period.
Analysts had expected the company to earn $0.57 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter fell 5.2% to $713.70 million from $752.56 million last year.
Boston Properties Inc. earnings at a glance:
-Earnings (Q1): $243.80 Mln. vs. $284.06 Mln. last year.
-EPS (Q1): $1.56 vs. $1.83 last year.
-Analysts Estimate: $0.57
-Revenue (Q1): $713.70 Mln vs. $752.56 Mln last year.
Next quarter EPS guidance: $0.54 – $0.56
Alphabet Is On Track For All-Time Highs With This Monster First Quarter Report
When Alphabet Inc. (NASDAQ: GOOGL) released its first-quarter financial results after the markets closed on Tuesday, the tech giant said that it had $26.29 in earnings per share (EPS) and $55.31 billion in revenue. That compared with consensus estimates of $15.82 in EPS and $51.7 billion in revenue, and the $9.87 per share and $41.16 billion reported in the same period of last year.
Revenues were driven this quarter by Search and YouTube, as consumer and business activity recovered from last year.
The Google segment posted first-quarter revenues of $31.88 billion, up from $24.50 billion a year ago. YouTube ad revenues increased 48.7% year over year to $6.00 billion and Google Cloud increased 45.7% to $4.05 billion.
In the first quarter, year-over-year traffic acquisition costs paid to Google Network members increased by 30.3%. Total traffic acquisition costs increased to $9.71 billion from $7.45 billion.
Alphabet did not offer any guidance in the report. However, the consensus estimates call for $15.69 in EPS and $53.01 billion in revenue for the second quarter.
On the books, cash, cash equivalents, and marketable securities totaled $135.10 billion at the end of the quarter, versus $136.69 billion at the end of the fiscal 2020 full year.
Shares of Alphabet closed Tuesday at $2,290.98 in a 52-week range of $1,230.38 to $2,324.53. The consensus price target is $2,426.55. Following the announcement, the stock was up over 4% at $2,393.33 in the after-hours trading session.
Tax refund status: Returns are averaging almost $3,000 in 2021. Here’s where to check on yours.
The Internal Revenue Service is working through a backlog of unprocessed returns but the agency has already distributed more than $210 billion to Americans as of April 16.
The average individual return has been $2,873, according to the latest IRS data — it skewed a bit higher, at $2,939, for those who filed online.
Taxpayers interested in filing their tax returns electronically with an income of $72,000 or less in 2020 can use IRS Free File tool. For those with an income over $72,000, Free File Fillable Forms, an electronic version of IRS paper forms, is the only free electronic IRS option available.
While the federal tax deadline for 2020 returns was moved to May 17, those who already filed can check the status of their refund online using the “Where’s My Refund?” tool by entering their Social Security number or ITIN, filing status, and their refund amount.
The agency said it has received around 110,960,000 federal returns and processed about 100,027,000.
The IRS is holding 29 million tax returns for manual processing, contributing to more refund delays that are typical in a normal filing season due to sweeping tax code changes, limited resources, outdated IT systems and a backlog of unprocessed 2019 paper tax returns, according to Erin Collins, the National Taxpayer Advocate.
Contributing: Jessica Menton, USA TODAY