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What is APEC? Here's what you need to know about APEC SF 2023

Published Wed, 12 Feb 2025 12:02:58 GMT

SAN FRANCISCO (KRON) -- The APEC Economic Leaders Week meeting is coming to San Francisco next week. The meeting is a regional economic forum put on by the Asia-Pacific Economic Cooperation (APEC) that will see world and economic leaders descend on SF for several days.APEC gets underway on Saturday, Nov. 11 and will continue through Friday, Nov. 17.What is APEC?APEC was established in 1989 and serves as an economic platform for the U.S. to advance economic trading policies in the Asia-Pacific region. The meeting is about promoting trade between APEC members, which are distinguished as "economies" rather than nations. Samurai sword beheading: Landaeta refuses to attend own murder trial The San Francisco meeting next week is the final APEC meeting of 2023. Other APEC meetings over the course of the year have focused on "regional economic issues, including sustainability, digitalization, women's economic empowerment, trade facilitation, energy security, food security, and health," ac...

MRC: Q3 Earnings Snapshot

Published Wed, 12 Feb 2025 12:02:58 GMT

HOUSTON (AP) — HOUSTON (AP) — MRC Global Inc. (MRC) on Tuesday reported earnings of $35 million in its third quarter.On a per-share basis, the Houston-based company said it had profit of 33 cents. Earnings, adjusted for non-recurring gains, were 32 cents per share.The energy products distributor posted revenue of $888 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 MRC at https://www.zacks.com/ap/MRCSource

Franklin Street: Q3 Earnings Snapshot

Published Wed, 12 Feb 2025 12:02:58 GMT

WAKEFIELD, Mass. (AP) — WAKEFIELD, Mass. (AP) — Franklin Street Properties Corp. (FSP) on Tuesday reported a key measure of profitability in its third quarter.The real estate investment trust, based in Wakefield, Massachusetts, said it had funds from operations of $7.5 million, or 7 cents per share, in the period.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 a loss of $45.7 million, or 44 cents per share.The hybrid real estate investment trust, based in Wakefield, Massachusetts, posted revenue of $36.9 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 FSP at https://www.zacks.com/ap/FSPSource

Stellus Capital: Q3 Earnings Snapshot

Published Wed, 12 Feb 2025 12:02:58 GMT

HOUSTON (AP) — HOUSTON (AP) — Stellus Capital Investment Corp. (SCM) on Tuesday reported a loss of $2.4 million in its third quarter.On a per-share basis, the Houston-based company said it had a loss of 11 cents. Earnings, adjusted for non-recurring costs and pretax expenses, came to 49 cents per share.The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.The investment company posted revenue of $27.2 million in the period, which met 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 SCM at https://www.zacks.com/ap/SCMSource

HCI Group: Q3 Earnings Snapshot

Published Wed, 12 Feb 2025 12:02:58 GMT

TAMPA, Fla. (AP) — TAMPA, Fla. (AP) — HCI Group Inc. (HCI) on Tuesday reported earnings of $13.2 million in its third quarter.On a per-share basis, the Tampa, Florida-based company said it had profit of $1.34. Earnings, adjusted for investment costs, came to $1.41 per share.The property and casualty insurance holding company posted revenue of $131.6 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 HCI at https://www.zacks.com/ap/HCISource

Granite Point Mortgage Trust: Q3 Earnings Snapshot

Published Wed, 12 Feb 2025 12:02:58 GMT

NEW YORK (AP) — NEW YORK (AP) — Granite Point Mortgage Trust Inc. (GPMT) on Tuesday reported a loss of $20.9 million in its third quarter.The New York-based company said it had a loss of 48 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 18 cents per share.The real estate investment trust posted revenue of $66.7 million in the period. Its adjusted revenue was $19.9 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GPMT at https://www.zacks.com/ap/GPMTSource

Ocular Therapeutix: Q3 Earnings Snapshot

Published Wed, 12 Feb 2025 12:02:58 GMT

BEDFORD, Mass. (AP) — BEDFORD, Mass. (AP) — Ocular Therapeutix Inc. (OCUL) on Tuesday reported a loss of $516,000 in its third quarter.The Bedford, Massachusetts-based company said it had a loss of 25 cents per share. Losses, adjusted to extinguish debt and for non-recurring gains, came to 51 cents per share.The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 27 cents per share.The biotechnology company posted revenue of $15.1 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $15.4 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OCUL at https://www.zacks.com/ap/OCULSource

Boardwalk Real Estate: Q3 Earnings Snapshot

Published Wed, 12 Feb 2025 12:02:58 GMT

CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — Boardwalk Real Estate Investment Trust (BOWFF) on Tuesday reported a key measure of profitability in its third quarter.The Calgary, Alberta-based real estate investment trust said it had funds from operations of $36 million, or 72 cents per share, in the period.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 $29.4 million, or 64 cents per share.The real estate investment trust that owns residential communities, based in Calgary, Alberta, posted revenue of $102.8 million in the period.Boardwalk Real Estate expects full-year funds from operations in the range of $2.62 to $2.68 per share.The company’s shares have increased 39% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $50.80, an increase of 40% in the last 12 months._____This story was generated by ...

CrossAmerica: Q3 Earnings Snapshot

Published Wed, 12 Feb 2025 12:02:58 GMT

ALLENTOWN, Pa. (AP) — ALLENTOWN, Pa. (AP) — CrossAmerica Partners LP (CAPL) on Tuesday reported third-quarter net income of $11.7 million.On a per-share basis, the Allentown, Pennsylvania-based company said it had profit of 31 cents.The wholesale fuels distributor posted revenue of $1.21 billion in the period.CrossAmerica shares have risen slightly more than 7% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $21.29, a climb of 13% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAPL at https://www.zacks.com/ap/CAPLSource

Masonite: Q3 Earnings Snapshot

Published Wed, 12 Feb 2025 12:02:58 GMT

TAMPA, Fla. (AP) — TAMPA, Fla. (AP) — Masonite International Corp. (DOOR) on Tuesday reported third-quarter profit of $41.5 million.The Tampa, Florida-based company said it had net income of $1.86 per share. Earnings, adjusted for one-time gains and costs, were $2.04 per share.The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.12 per share.The door maker for the housing industry posted revenue of $702.2 million in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $721.3 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DOOR at https://www.zacks.com/ap/DOORSource