Rep. Jordan Says House Will 'Look' at Call for Powell Investigation
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Nov Inc.: Q2 Earnings Snapshot
HOUSTON (AP) — HOUSTON (AP) — NOV Inc. (NOV) on Monday reported second-quarter profit of $108 million. On a per-share basis, the Houston-based company said it had net income of 29 cents. The results did not meet Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share. The oil and gas industry supplier posted revenue of $2.19 billion in the period, which topped Street forecasts. Ten analysts surveyed by Zacks expected $2.15 billion. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on NOV at 登入存取你的投資組合
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Cadence lifts FY outlook after Q2 results top estimates; shares jump
- Cadence on Monday lifted its full-year guidance after reporting second-quarter results that topped Wall Street estimates as stronger demand helped offset the hit from temporary U.S. restrictions on exports to China. Cadence Design Systems Inc (NASDAQ:CDNS) jumped 7% in recent afterhours trading following the report. For the three months ended Jun. 30, Cadence Design announced earnings per share of $1.65 on revenue of $1.28 million. Analysts polled by anticipated EPS of $1.56 on revenue of $1.25 billion. "Strength across all businesses, more than offsetting the impact of the temporary restrictions on exports to China imposed on May 23," the company said. For Q3, the company sees adjusted diluted EPS of $1.75 to $1.85, beating estimates of $1.73. Looking ahead to the full-year, the electronic systems designer forecasts adjusted EPS in a range of $6.85 to $6.95 on revenue between $5.21 billion to $5.27 billion, up from a prior estimate for adjusted EPS of $6.73 to $6.83 on revenue of $5.15 billion to $5.23 billion. Related articles Cadence lifts FY outlook after Q2 results top estimates; shares jump After soaring 149%, this stock is back in our AI's favor - & already +25% in July Surge of 50% since our AI selection, this chip giant still has great potential Sign in to access your portfolio
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Pentagon accepts 'unconditional donation' of Qatari jet, agreement says: Sources
The Trump administration has accepted the 'unconditional donation' of a luxury jet from Qatar, with no stipulation on what should happen to the aircraft after President Donald Trump leaves office, according to an agreement reviewed by ABC News. The memorandum of understanding, or MOU, was signed earlier this month by Defense Secretary Pete Hegseth and Qatar's Minister of State for Defense Affairs, Soud bin Abdulrahman Al-Thani. The deal paves the way for the Air Force to begin the process of retrofitting the plane -- dubbed a 'flying palace' because of its luxurious finishes -- for the president's use. MORE: Pentagon accepts luxury jet from Qatar to use as Air Force One Sources told ABC News earlier this year that after the president left office, the plan called for transferring ownership of the plane to the Trump presidential library foundation. The cost of refurbishing the plane is classified, although lawmakers have speculated that it could cost as much as $1 billion. The Air Force referred questions on the deal to Hegseth's office, which referred a reporter back to the Air Force. 'Why would we ask the American taxpayer to spend upwards of $1 billion on a plane that would then only be used for a handful of months and then transfer directly to the president? That doesn't sound like a wise use of taxpayer dollars,' said Sen. Chris Murphy, D-N.Y., during a Senate hearing in June. MORE: Qatar's luxury jet donation poses significant security risks, experts say Air Force Secretary Troy Meink told lawmakers that the money to refurbish the jet would be pulled from a program intended to replace aging nuclear missiles, called the Sentinel intercontinental ballistic missile program. But Meink said the Sentinel nuclear program, which is over budget, wouldn't be immediately impacted because it was being restructured. Trump has long complained about the primary aircraft used in the current Air Force One fleet, which are Boeing 747-200 jumbo jets that have been operational since 1990. The Air Force is under contract with Boeing to replace those aircraft. 'The aircraft is donated in its current condition ('as is'), without any guarantees or warranties, unless otherwise agreed upon in future arrangements,' the new memo states. 'The donation is unconditional, and the aircraft may be used or disposed of by the DOD in its sole discretion, in any manner it deems appropriate, so long as such use or disposal remains in accordance with United States laws,' the memo later adds. Nothing in the agreement should be 'interpreted or construed' as 'an offer, promise, or acceptance of any form of bribery, undue influence, or corrupt practice,' the memo adds, calling it a 'bona fide gift.'
