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Instablog9ja
20 m
13
Gov. Ademola Adeleke’s daughter, Folasade, and singer Lojay has sparked dating rumors after he gifts her a present on her birthday.
Loamy has presented a flower bouquet and balloons with happy birthday babe written on them.
Investopedia
21 m
14
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Alaska Airlines (ALK) lifted its projections for profits and revenue per available seat mile (RASM) for the current quarter, citing lower-than-expected fuel costs and benefits from the troubles of competitors during the July CrowdStrike (CRWD) outage that grounded thousands of flights.
The airline lifted its RASM projections for the third quarter to a roughly 2% bump, compared to flat to positive previously, while fuel cost per gallon is projected at a lower range of $2.60 to $2.70, down from $2.85 to $2.95 per gallon previously, a Thursday regulatory filing showed.
As a result of the higher revenue and lower fuel cost, Alaska Airlines lifted its earnings per share (EPS) projection to a range of $2.15 to $2.25, well above previous estimates of $1.40 to $1.60 and the $1.60 projected in analyst estimates compiled by Visible Alpha.
The company said it experienced "strong demand" for air travel through the summer, with its busiest schedule ever and a flight completion rate of 99.3% so far in the quarter.
"While capacity remains in line with prior expectations, revenue has performed better than anticipated driven by additional revenue in July related to CrowdStrike disruptions across the industry and stronger performance in August and September," the company said.
Some of Alaska's competitors, especially Delta Air Lines (DAL), struggled to resume normal operations following the disruptions, leaving room for other airlines like Alaska to gain some customers.
Alaska Air Group shares were 1.3% higher at $40.01 in intraday trading Thursday following the news and have climbed about 2.4% so far this year.
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Top Stock Movers Now: Kroger, Moderna, Newmont, And More
Major U.S. Indexes Edged Higher At ...
Investopedia
1 h
9
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Major U.S. indexes edged higher at midday Thursday as a report showed the latest wholesale inflation figures were in line with economists' expectations. The S&P 500, Nasdaq, and Dow all advanced.
Kroger (KR) shares rose after the biggest U.S. grocery chain beat profit estimates and boosted its guidance as price cuts brought in more budget-conscious shoppers.
Warner Bros. Discovery (WBD) shares jumped as the media company struck a new distribution deal with Charter Communications (CHRT). Charter Communications shares gained as well.
Shares of Newmont (NEM) and rival gold miners rose as the price of the precious metal hit an all-time high.
Moderna (MRNA) shares plunged after the vaccine maker said it was slashing its research and development spending.
Shares of Micron Technology (MU) dipped after BNP Paribas Exane gave the stock a double downgrade, warning the chipmaker is lagging behind rivals in artificial intelligence products (AI).
Shares of Tommy Bahama owner Oxford Industries (OXM) fell after the apparel maker reported weaker-than-expected results and slashed its guidance amid a “challenging consumer environment.”
Oil futures climbed and the yield on the 10-year Treasury note was higher. The U.S. dollar gained on the yen but lost ground to the euro and pound. Most major cryptocurrencies traded in the green.
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Instablog9ja
2 hrs
12
Rappers Cardi B and Offset have joyfully welcomed their third child together.
The couple has share the beautiful picture of the family with the new born.
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Adobe (ADBE) is scheduled to release its fiscal third-quarter results after the bell Thursday, with investors likely watching to see whether the company can build on its momentum with artificial intelligence (AI).
Analysts expect the software company to post third-quarter revenue of $5.37 billion, up 10% year-over-year, according to estimates compiled by Visible Alpha. Net income is projected to rise 12% to $1.57 billion, or $3.51 per share.
Adobe’s Digital Media arm, which includes Creative Cloud subscriptions, delivered net-new annualized recurring revenue (ARR) of $487 million in the second quarter, up from $470 million a year earlier. The gains helped Adobe post better-than-expected results, sending shares up over 14% the day after the numbers landed.
Analysts are projecting a slight decline in net new Digital Media ARR in the third quarter, to $462 million, according to Visible Alpha. Oppenheimer analysts suggested investors could still see a “reacceleration” of the measure in the second half of the year.
Investors will also likely watch for updates on the monetization of Adobe’s AI offerings, with the company previously noting that many Creative Cloud subscribers are upgrading their plans to access Firefly, its generative AI model. In addition to Firefly, the company introduced generative AI into Document Cloud as well as Adobe Express for business.
The company may also unveil new AI services at its Adobe MAX conference in October. Oppenheimer analysts said they expect the possible reveal of “generative video, editing, and audio dubbing solutions approaching beta.”
Shares of Adobe have surged nearly 26% since the company released its stronger-than-expected results for the second quarter, though they've still lost roughly 3% this year so far.
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Instablog9ja
3 hrs
10
A lady has shared her thoughts on being referred to as ‘Our Wife.
She said it’s better you call her a thi£f than being referred to as our wife.
