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Five years in the making: SF Giants’ LaMonte Wade Jr. hits first career home run off a lefty

Published Fri, 21 Feb 2025 18:21:32 GMT

SAN FRANCISCO — A small sample size, albeit over a five-year period, has kept LaMonte Wade Jr. from getting everyday playing time in the big leagues.The numbers haven’t helped. They’re right there for all to see.Not a single big leaguer in the last five years has been as ineffective against left-handed pitching as Wade, whose .338 OPS off lefties ranks dead last among all 521 players with at least 100 plate appearances since the start of the 2019 season.That finally changed on Wednesday night.Wade got a 93-mph fastball from Cardinals lefty Steven Matz and launched it 407 feet for a home run, the first off a lefty in his five-year career.“Today it came together for LaMonte,” manager Gabe Kapler said after the Giants’ 7-3 win.It happened by accident. Wade was never supposed to be in the lineup. A late scratch to Mike Yastrzemski opened the door for Kapler to make an adjustment. And Wade, whose patient plate approach has made him a quality leadoff hitter against right-handed pitc...

Integer: Q1 Earnings Snapshot

Published Fri, 21 Feb 2025 18:21:32 GMT

PLANO, Texas (AP) — PLANO, Texas (AP) — Integer Holdings Corp. (ITGR) on Thursday reported first-quarter net income of $13.1 million.The Plano, Texas-based company said it had profit of 39 cents per share. Earnings, adjusted for amortization costs and to extinguish debt, came to 87 cents per share.The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 82 cents per share.The medical device outsource manufacturer posted revenue of $378.8 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $351.2 million.Integer expects full-year earnings in the range of $4 to $4.30 per share, with revenue in the range of $1.47 billion to $1.5 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ITGR at https://www.zacks.com/ap/ITGRSource

US Navy says Iran seizes Marshall Islands-flagged oil tanker in Gulf of Oman amid tension over Tehran’s nuclear program

Published Fri, 21 Feb 2025 18:21:32 GMT

DUBAI, United Arab Emirates (AP) — US Navy says Iran seizes Marshall Islands-flagged oil tanker in Gulf of Oman amid tension over Tehran’s nuclear program.Source

TowneBank: Q1 Earnings Snapshot

Published Fri, 21 Feb 2025 18:21:32 GMT

PORTSMOUTH, Va. (AP) — PORTSMOUTH, Va. (AP) — TowneBank (TOWN) on Thursday reported net income of $38.3 million in its first quarter.The Portsmouth, Virginia-based bank said it had earnings of 52 cents per share. Earnings, adjusted for non-recurring costs, were 62 cents per share.The community bank posted revenue of $224.2 million in the period. Its revenue net of interest expense was $184.1 million, which fell short of 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 TOWN at https://www.zacks.com/ap/TOWNSource

W.W. Grainger: Q1 Earnings Snapshot

Published Fri, 21 Feb 2025 18:21:32 GMT

LAKE FOREST, Ill. (AP) — LAKE FOREST, Ill. (AP) — W.W. Grainger Inc. (GWW) on Thursday reported first-quarter net income of $488 million.The Lake Forest, Illinois-based company said it had profit of $9.61 per share.The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $8.57 per share.The seller of maintenance and other supplies posted revenue of $4.09 billion in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $4.06 billion.W.W. Grainger expects full-year earnings to be $34.25 to $36.75 per share, with revenue in the range of $16.2 billion to $16.8 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GWW at https://www.zacks.com/ap/GWWSource

Wall Street stirs as debt ceiling brinksmanship mounts

Published Fri, 21 Feb 2025 18:21:32 GMT

NEW YORK (AP) — The first alarm bells are starting to go off on Wall Street as brinkmanship over raising the U.S. government’s $31.4 trillion debt limit raises worries in financial markets. The stakes are immense. Democrats and Republicans are arguing over whether to raise the cap that’s been set for the U.S. government’s borrowing. It’s a debate that’s happened many times before, each time ending with a default-defying increase.Failure to find a fix would spell disaster for many, not least holders of U.S. debt who wouldn’t get promised payments on time. Economists widely expect a recession to follow and potential chaos in markets. U.S. Treasurys are the foundation of financial markets around the world, on top of which all kinds of other investments set their prices, from stocks to foreign currencies. While U.S. stocks have remained mostly calm through the latest debt-ceiling drama, volatility strategists at Barclays Capital point to another corne...

MasterCard: Q1 Earnings Snapshot

Published Fri, 21 Feb 2025 18:21:32 GMT

PURCHASE, N.Y. (AP) — PURCHASE, N.Y. (AP) — MasterCard Inc. (MA) on Thursday reported first-quarter net income of $2.36 billion.On a per-share basis, the Purchase, New York-based company said it had profit of $2.47. Earnings, adjusted for non-recurring costs, came to $2.80 per share.The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.71 per share.The processor of debit and credit card payments posted revenue of $5.75 billion in the period, which also beat Street forecasts. Twelve analysts surveyed by Zacks expected $5.63 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MA at https://www.zacks.com/ap/MASource

Independent Bank: Q1 Earnings Snapshot

Published Fri, 21 Feb 2025 18:21:32 GMT

GRAND RAPIDS, Mich. (AP) — GRAND RAPIDS, Mich. (AP) — Independent Bank Corp. (IBCP) on Thursday reported first-quarter earnings of $13 million.The bank, based in Grand Rapids, Michigan, said it had earnings of 61 cents per share.The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.The bank holding company posted revenue of $64.5 million in the period. Its revenue net of interest expense was $49 million, which fell short of 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 IBCP at https://www.zacks.com/ap/IBCPSource

Seattle Genetics: Q1 Earnings Snapshot

Published Fri, 21 Feb 2025 18:21:32 GMT

BOTHELL, Wash. (AP) — BOTHELL, Wash. (AP) — Seattle Genetics Inc. (SGEN) on Thursday reported a loss of $174.7 million in its first quarter.On a per-share basis, the Bothell, Washington-based company said it had a loss of 93 cents.The results missed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 82 cents per share.The biotechnology company posted revenue of $519.7 million in the period, also missing Street forecasts. Ten analysts surveyed by Zacks expected $520.9 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SGEN at https://www.zacks.com/ap/SGENSource

Medical Properties: Q1 Earnings Snapshot

Published Fri, 21 Feb 2025 18:21:32 GMT

BIRMINGHAM, Ala. (AP) — BIRMINGHAM, Ala. (AP) — Medical Properties Trust Inc. (MPW) on Thursday reported a key measure of profitability in its first quarter. The results met Wall Street expectations.The Birmingham, Alabama-based real estate investment trust said it had funds from operations of $222.2 million, or 37 cents per share, in the period.The average estimate of eight analysts surveyed by Zacks Investment Research was for funds from operations of 37 cents per share.Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.The company said it had net income of $32.8 million, or 5 cents per share.The health care real estate investment trust, based in Birmingham, Alabama, posted revenue of $350.2 million in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $352 million.Medical Properties expects full-year funds from operations in the range of $1.50 to $1....