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Tesla’s Q2 income jumps 20%, but underlying profit concerns keep shares flat

Published Fri, 01 Nov 2024 00:18:06 GMT

SAN FRANCISCO (AP) — Elon Musk’s big bet that Tesla price cuts could boost sales and profits amid increasing competition and poor economic sentiment appears to be yielding mixed results. The company beat analyst expectations for net income in the April-June quarter, although its shares barely budged.The Austin, Texas, maker of electric vehicles, solar panels and batteries reported net income of $2.7 billion in the quarter, a 20% increase from a year ago. Earnings per share also rose 20% to 78 cents when measured via generally accepted accounting principles.Analysts, however, tend to focus on Tesla’s own measurement of profit, which excludes stock-based compensation expense. By that measure, Tesla’s net income zoomed to $3.15 billion, or 91 cents a share, sharply exceeding analyst estimates of 80 cents per share according to FactSet. Analysts had expected profits to fall because of the price cuts.Total revenue rose 47% to $24.93 billion.Tesla shares, however, initia...

Big expectations and lots of attention greet Jets as they begin training camp with Aaron Rodgers

Published Fri, 01 Nov 2024 00:18:06 GMT

FLORHAM PARK, N.J. (AP) — It all now seems officially real for the New York Jets.Aaron Rodgers strolled into the team’s facility Wednesday with the rest of his raring-to-go teammates — veterans and rookies — and reported for training camp for the first time with the franchise that made the stunning trade for him in April.The Jets tweeted a photo of Rodgers wearing his green and white jersey — instead of the red no-contact practice version he wore during offseason workouts — for the first time, adding: “This is not an AI-generated photo.”Nope, no more clever edits needed. Rodgers is in camp and so is a throng of reporters, cameras and the film crew from HBO’s “Hard Knocks.”“I’m not going to lie,” cornerback D.J. Reed said. “The energy does feel different. It definitely feels like there’s more excitement coming into this year.”It has been that way since general manager Joe Douglas swung the deal to acquire the four-time NFL MVP from Green Bay and give New York ...

Diamondbacks’ rotation left short-handed after Davies lands on IL with back injury

Published Fri, 01 Nov 2024 00:18:06 GMT

ATLANTA (AP) — Arizona Diamondbacks right-hander Zach Davies was placed on the 15-day injured list with lower back inflammation on Wednesday.Davies, who gave up nine runs in 3 2/3 innings in Tuesday night’s 16-13 win over the Atlanta Braves, was sent back to Arizona for evaluation.Diamondbacks manager Torey Lovullo said he learned after Tuesday night’s game that Davies “was feeling discomfort” in his lower back. Davies (1-5, 7.38) has been scheduled for an MRI on Thursday.Even though Davies’ injury leaves Arizona’s rotation with only three healthy starters, the Diamondbacks recalled a reliever, left-hander Joe Mantiply, before Wednesday night’s game against Atlanta. The move left the Diamondbacks with 10 relievers on their active roster.Lovullo said a bullpen game was a “strong possibility” this week. Mantiply has a 5.74 ERA in 13 games, all in relief, this season.___AP MLB: https://apnews.com/hub/MLB and https://twitter.com/AP_SportsSource

P.A.M. Transportation: Q2 Earnings Snapshot

Published Fri, 01 Nov 2024 00:18:06 GMT

TONTITOWN, Ark. (AP) — TONTITOWN, Ark. (AP) — P.A.M. Transportation Services Inc. (PTSI) on Wednesday reported profit of $9.3 million in its second quarter.On a per-share basis, the Tontitown, Arkansas-based company said it had profit of 42 cents.The trucking company posted revenue of $207.4 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PTSI at https://www.zacks.com/ap/PTSISource

New Zealand police respond to a gunman in an Auckland building. Reports say 6 people are injured

Published Fri, 01 Nov 2024 00:18:06 GMT

WELLINGTON, New Zealand (AP) — New Zealand police responded Thursday to reports that a gunman had fired shots in a building in downtown Auckland.The New Zealand Herald reported that at least six people had been injured, including a police officer, who was able to walk to an ambulance with assistance from colleagues. Police described it as a “significant incident” but said the situation had been contained to a single building that was under construction in lower Queen Street. Police were urging people to avoid the area or stay inside their buildings if already there. The incident comes as many soccer teams were gathering in New Zealand for the FIFA Women’s World Cup. The opening match is scheduled for Thursday between New Zealand and Norway. Source

Gorman’s 4 RBIs lift Cardinals over Marlins 6-4 for 2nd series sweep this year

Published Fri, 01 Nov 2024 00:18:06 GMT

ST. LOUIS (AP) — Nolan Gorman hit a three-run homer and had four RBIs to help the St. Louis Cardinals beat the Mami Marlins 6-4 on Wednesday for just their second series sweep this season.Nolan Arenado’s RBI single and Gorman’s 19th homer built a 4-0 lead in the first off NL Cy Young Award winner Sandy Alcantara, and the Marlins’ losing streak reached a season-high six.Gorman added a run-scoring single in the seventh against Huascar Brazobán, and another run scored on third baseman Jon Berti’s throwing error.St. Louis had just one previous sweep this season, from May 12-14 at Boston. The Cardinals have won a season-high five in a row, moving ahead of Pittsburgh and out of the NL Central cellar.Alcantara (3-9) gave up four runs and eight hits in six innings, dropping to 0-3 in his last four starts. Miami arrived after losing three games at Baltimore and went winless on a trip of six or more games for the first time since August 2019.Zack Thompson (2-2), pitchi...

One person was killed and two others were wounded following a shooting at a South Florida Walmart

Published Fri, 01 Nov 2024 00:18:06 GMT

MIAMI (AP) — One person was dead and two others were wounded following a shooting Wednesday at a South Florida Walmart, authorities said.The shooting occurred at the Walmart in Florida City, about 25 miles (40 kilometers) southwest of Miami, Miami-Dade police spokesman Luis Sierra said.Rescue workers transported three victims to a nearby hospital, and one later died. The victims weren’t immediately identified.Officials didn’t immediately release details about the shooting, but police confirmed that one person was in custody.Source

Packers’ profits fall 11.7% after season in which they played one of their home games overseas

Published Fri, 01 Nov 2024 00:18:06 GMT

GREEN BAY, Wis. (AP) — The Green Bay Packers’ profits fell 11.7% over the past fiscal year after a season in which they missed the playoffs and had a regular-season home game moved overseas.The Packers on Wednesday reported a $68.6 million profit from team operations, down from $77.7 million last year. The Packers had $610.3 million in total revenues and $541.6 million in expenses.As the NFL’s only publicly owned franchise, the Packers disclose their expenses and revenues each year. The team is holding its annual shareholders meeting Monday.Rather than having a combined 10 regular-season and preseason home games last season, the Packers played eight home games and one preseason contest at Lambeau Field. One of their nine “home” games was a 27-22 loss to the New York Giants that took place at London’s Tottenham Hotspur Stadium.“That extra game would have put us right around last year’s level, if not a little bit higher,” said Paul Baniel, the Packers’ vice president of finance ...

A gunman in New Zealand has killed 2 people on eve of Women's World Cup soccer tournament

Published Fri, 01 Nov 2024 00:18:06 GMT

WELLINGTON, New Zealand (AP) — A gunman killed two people at a construction site in New Zealand's largest city of Auckland on Thursday, as the nation prepared to host games in the FIFA Women's World Cup soccer tournament, authorities said.Police said there were also multiple injuries during the incident, which took place near the hotel where Team Norway has been staying. New Zealand Prime Minster Chris Hipkins said the tournament would go ahead as planned.“Clearly with the FIFA World Cup kicking off this evening, there are a lot of eyes on Auckland," Hipkins said. "The government has spoken to FIFA organizers this morning and the tournament will proceed as planned. I want to reiterate that there is no wider national security threat. This appears to be the action of one individual.”Acting Police Superintendent Sunny Patel said the man began shooting at the site on lower Queen Street at about 7:20 a.m. Police swarmed the area and closed off streets.The man moved through the building, ...

Castle Rock police K-9 dies suddenly

Published Fri, 01 Nov 2024 00:18:06 GMT

DENVER (KDVR) -- A K-9 from the Castle Rock Police Department died unexpectedly last week, and the cause of death remains unknown.The department announced Maverick's death Friday in a Facebook post, saying, "Rest easy, good boy."Maverick, a Belgian Malinois, was almost 4 years old. He was born in August 2019, according to the Castle Rock Police website. Man dies after falling at Castle Rock park He served the town for more than half of his life, specializing in patrol work and narcotics detection from January 2021 until his death on July 13, according to police.FOX31 reached out to the department's public information officer to get more information on the fallen officer's passing."The cause of death is unknown," the public information officer said in an email. The department asked that a necropsy be performed by his veterinarian, according to the spokesperson, but the results were inconclusive.K-9 Officer Maverick of the Castle Rock Police Department died unexpectedly last week, a...