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Amazon reports better-than-expected revenue and profits for the third quarter

Published Tue, 05 Nov 2024 05:40:18 GMT

NEW YORK (AP) — Amazon on Thursday reported strong revenue and profits from the summer months driven by growth in online sales and its advertising business. For the three months that ended on Sept. 30, the company said it earned $143.1 billion in revenue, a 13% increase compared to the same period last year. Amazon made $9.9 billion in profits, topping analysts’ expectations and sending its stocks higher in after-hours trading. In a prepared statement, Amazon CEO Andy Jassy said the company had a strong quarter as its advertising business grew robustly and it improved its delivery speed. Deliveries to Amazon’s Prime customers have been getting faster under a model where warehouses in eight regions across the country serve smaller areas. On a call with reporters on Thursday, Amazon’s Chief Financial Officer Brian Olsavsky said, this year, packages were delivered at its fastest speed ever for U.S. customers. “We’re ready to make this a great holiday season for custom...

Avinger: Q3 Earnings Snapshot

Published Tue, 05 Nov 2024 05:40:18 GMT

REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Avinger Inc. (AVGR) on Thursday reported a loss of $4.5 million in its third quarter.The Redwood City, California-based company said it had a loss of $2.92 per share.The medical device maker posted revenue of $1.8 million in the period.In the final minutes of trading on Thursday, the company’s shares hit $3.75. A year ago, they were trading at $16.34._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AVGR at https://www.zacks.com/ap/AVGRSource

Old Point Financial: Q3 Earnings Snapshot

Published Tue, 05 Nov 2024 05:40:18 GMT

HAMPTON, Va. (AP) — HAMPTON, Va. (AP) — Old Point Financial Corp. (OPOF) on Thursday reported net income of $1.4 million in its third quarter.The bank, based in Hampton, Virginia, said it had earnings of 27 cents per share.The bank holding company posted revenue of $20.7 million in the period. Its revenue net of interest expense was $14.9 million, surpassing Street forecasts._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OPOF at https://www.zacks.com/ap/OPOFSource

Dril-Quip: Q3 Earnings Snapshot

Published Tue, 05 Nov 2024 05:40:18 GMT

HOUSTON (AP) — HOUSTON (AP) — Dril-Quip Inc. (DRQ) on Thursday reported a loss of $7 million in its third quarter.The Houston-based company said it had a loss of 21 cents per share. Losses, adjusted for non-recurring costs, came to 15 cents per share.The maker of offshore drilling and production equipment posted revenue of $117.2 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 DRQ at https://www.zacks.com/ap/DRQSource

Provident Bancorp: Q3 Earnings Snapshot

Published Tue, 05 Nov 2024 05:40:18 GMT

AMESBURY, Mass. (AP) — AMESBURY, Mass. (AP) — Provident Bancorp Inc. (PVBC) on Thursday reported net income of $2.5 million in its third quarter.The bank, based in Amesbury, Massachusetts, said it had earnings of 15 cents per share.The bank holding company posted revenue of $25 million in the period. Its revenue net of interest expense was $15.7 million, beating Street forecasts._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PVBC at https://www.zacks.com/ap/PVBCSource

50 guns, 3,000 rounds ammo hauled off with stolen truck and tools

Published Tue, 05 Nov 2024 05:40:18 GMT

DENVER (KDVR) -- The Arapahoe County Sheriff's Office is searching for whoever allegedly stole some 50 firearms and 3,000 rounds of ammunition last weekend, using a truck also stolen from the home to haul out a gun safe and tools.Officers responded to the 21000 block of East Highway 30 around 6:30 p.m. Saturday, where the sheriff's office said deputies discovered the outbuilding of a home had been broken into. Jefferson County Sheriff seeks additional victims of sex trafficking suspect The sheriff's office said it appeared that a pickup truck, stolen from the property, was used to hook up a gun safe, which was pulled from the building. Taken were some 3,000 rounds of ammunition, tools, a generator, an air compressor and other items.The stolen items have an estimated value of $115,000 or more, according to the sheriff's office. Now, investigators are asking the public for help in finding the stolen property. The truck is described as a white 2016 Ram 5500 with a 12-foot flatbed and...

What to know before voting on Prop HH

Published Tue, 05 Nov 2024 05:40:18 GMT

DENVER (KDVR) — Colorado voters already casting their ballots ahead of the Nov. 7 election. One issue is taking up half of voters' blue ballot information booklet, and it’s been confusing voters for months. Proposition HH aims to limit how much property taxes will go up statewide, but it would also make changes to what the state does with excess taxpayer dollars. Colorado Republicans offer counterproposal to Prop HH Normally, you get that money back in a refund under the Taxpayer's Bill of Rights, but Prop HH aims to keep some of that surplus to fund local governments because of the decrease in expected property taxes should the measure pass.A big part of the issue behind Prop HH: No one knows for sure how much money you could lose or save, as it hinges on how Colorado’s economy is doing over the next decade. The nonpartisan Legislative Council did publish a tool to help estimate property taxes with or without the measure, but it only looks at the next two years.Colorado Senate Pr...

Colorado city bids to host National Championship Air Races

Published Tue, 05 Nov 2024 05:40:18 GMT

RENO, Nev. (AP) — Leaders of the National Championship Air Races held in Reno since 1964 plan visits later this year to six Western cities that have submitted bids to host the annual competition beginning in 2025 in California, Arizona, Utah, New Mexico, Colorado or Wyoming.Organizers of the event announced early this year that the races held last month would be the last in Reno because of a variety of factors, including rising insurance costs and encroachment of housing around Reno-Stead Airport where the races have been held for more than a half-century. The population center of Colorado likely isn’t where you think it is: Census Three of the cities that have submitted proposals to become the competition's new home are in states neighboring Nevada — Wendover, Utah, on the Nevada line along Interstate 80; Thermal, California, southeast of Palm Springs; and Buckeye, Arizona, on the western edge of Phoenix.The others are Roswell, New Mexico; Pueblo, Colorado; and Casper, Wyoming.Ra...

Jefferson County Sheriff seeks victims of sex trafficking suspect

Published Tue, 05 Nov 2024 05:40:18 GMT

Editor's note: This story has been rewritten after the Jefferson County Sheriff's Office sent an updated release with multiple corrections.DENVER (KDVR) -- The Jefferson County Sheriff's Office is searching for victims of a man charged with crimes related to human trafficking.Roman Bear Rivera, 39, is currently being held on a $50,000 cash-only bond at the Jefferson County Jail. Rivera is charged with felony sexual servitude and felony pimping.The suspect was arrested on Oct. 19 with assistance from the Denver Police Department.Jefferson County Sheriff's Office asks anyone who has information about Rivera or is a victim to call the tipline at 303-271-5612. Tips can remain anonymous.

Trick-or-treat guide: Events in the Denver metro area this weekend

Published Tue, 05 Nov 2024 05:40:18 GMT

DENVER (KDVR) — Halloweekend is upon Denver. If you can't wait until Tuesday to grab some candy, there are plenty of events starting Friday and going through the weekend and into Halloween. Will this Halloween’s weather make history? While there are a handful of trick-or-treating events this weekend, there are also a lot of "trunk-or-treating" events. This is when community members bring their cars to a specific location and hand out candy from the back of their cars. Many cars go all out with spooky decorations.Here are some of the candy handout events nearby:ArvadaOlde Town Arvada Trick or Treat, Oct. 27AuroraThe Aurora Highlands Model Home Trick-Or-Treat Event, Oct. 27-29Highpoint Church TRUNK or TREAT 2023, Oct. 28Trunk or Treat, Oct. 28Castle RockFangtastic Festival, Oct. 27Trunk or Treat, Oct. 29CentennialTrick or Treat at IKEA Centennial, Oct. 27Colorado SpringsCommunity Park Trick or Treat, Oct. 27DenverCook Park’s Annual Trunk or Treat, Oct. 27Trick-Or-Treat Trail, O...