No Picture
Trading Ideas

Preferred Apartment Communities: 3Q Earnings Snapshot

ATLANTA (AP) _ Preferred Apartment Communities Inc. (APTS) on Monday reported a key measure of profitability in its third quarter. The Atlanta-based real estate investment trust said it had funds from operations of $14.2 million, or 31 cents per share, in the period. Funds from operations is a closely watched measure in the REIT industry. …read more […]

No Picture
Trading Ideas

UPDATE 1-Occidental misses 1st-qtr earnings estimates after Anadarko deal

Occidental Petroleum Corp on Monday missed earnings estimates in its first results after closing its $38 billion purchase of rival Anadarko Petroleum, and said it would slash spending on big projects by 40% next year. Occidental, which is battling pressure from activist investor Carl Icahn to accelerate asset sales to pay off debt, reported a third-quarter net loss of $912 million after a year-ago profit of $1.87 billion. The company is expected to hold a briefing on Tuesday to discuss its results. …read more […]

No Picture
Trading Ideas

Uber Puts the Brakes on Growth at Any Cost

(Bloomberg Opinion) — Uber Technologies Inc. seems to have decided to stop chasing stupid growth. This is exactly what investors wanted, yet the company’s latest results, announced on Monday, show how far Uber has to go to be sustainable and rational.In the third quarter, the total value of Uber rides, restaurant meal deliveries and other transactions increased 29% from a year earlier — the slowest rate of increase since Uber began reporting that figure. The total figure of $16.5 billion was also a little short of analysts’ expectations, as was the growth in average monthly customers using Uber services at …read more […]

No Picture
Trading Ideas

UPDATE 1-U.S. House Democrats to continue probe after Boeing testimony

The chairman of the U.S. House Transportation and Infrastructure Committee and the head of its aviation subcommittee said on Monday that it will continue its investigation into two fatal 737 MAX crashes after Boeing’s testimony prompted new questions. Boeing spokesman Gordon Johndroe said Monday the company “will continue to cooperate with the committee.” The Federal Aviation Administration (FAA) declined to comment. …read more […]