Algonquin Power & Utilities Corp. 6.20% Fixed-to-Floating Subordinated Notes Series 2019-A due July 1, 2079 Stock (NYSE: AQNB)

Latest News for Algonquin Power & Utilities Corp. 6.20% Fixed-to-Floating Subordinated Notes Series 2019-A due July 1, 2079 Stock (NYSE:AQNB)

Algonquin Power & Utilities Corp. 6.20% Fixed-to-Floating Subordinated Notes Series 2019-A due July 1, 2079

Liberty Latin America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LILAK#NASDAQ">LILAK</a>) reported quarterly sales of $1.10 billion which missed the analyst consensus estimate of $1.11 billion by 0.99 percent. This is a 0.45 percent decrease over sales of $1.10 billion the same period last year.

Earnings

News

LILAK

Liberty Latin America Q1 Sales $1.10B Miss $1.11B Estimate

Suncor Energy (TSX:<a class="ticker" href="https://www.benzinga.com/stock/SU#TSX">SU</a>) reported quarterly earnings of $1.05 per share which missed the analyst consensus estimate of $1.29 by 18.6 percent. This is a 3.96 percent increase over earnings of $1.01 per share from the same period last year. The company reported $9.296 billion in sales this quarter. This is a 2.54 percent increase over sales of $9.066 billion the same period last year.

Earnings Misses

TSX:SU

Suncor Energy Q1 2024 Adj EPS $1.05 Misses $1.29 Estimate, Sales $9.296B Up From $9.066B YoY

Granite Point Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPMT#NYSE">GPMT</a>) reported quarterly earnings of $0.03 per share which met the analyst consensus estimate. This is a 85 percent decrease over earnings of $0.20 per share from the same period last year. The company reported quarterly sales of $12.523 million which missed the analyst consensus estimate of $15.263 million by 17.95 percent. This is a 45.35 percent decrease over sales of $22.913 million the same period last year.

GPMT

Granite Point Mortgage Q1 2024 Adj EPS $0.03, Inline, Sales $12.523M Miss $15.263M Estimate

Veritone (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERI#NASDAQ">VERI</a>) reported quarterly losses of $(0.20) per share which met the analyst consensus estimate. This is a 23.08 percent increase over losses of $(0.26) per share from the same period last year. The company reported quarterly sales of $31.636 million which beat the analyst consensus estimate of $30.700 million by 3.05 percent. This is a 4.54 percent increase over sales of $30.263 million the same period last year.

Earnings Beats

VERI

Veritone Q1 2024 Adj EPS $(0.20), Inline, Sales $31.636M Beat $30.700M Estimate

Enerflex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFXT#NYSE">EFXT</a>) reported quarterly losses of $(0.11) per share which missed the analyst consensus estimate of $0.12 by 191.67 percent. The company reported quarterly sales of $473.352 million which missed the analyst consensus estimate of $792.733 million by 40.29 percent. This is a 22.44 percent decrease over sales of $610.298 million the same period last year.

EFXT

Enerflex Q1 2024 GAAP EPS $(0.11) Misses $0.12 Estimate, Sales $473.352M Miss $792.733M Estimate

Montrose Environmental Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MEG#NYSE">MEG</a>) reported quarterly earnings of $0.16 per share which beat the analyst consensus estimate of $(0.45) by 135.56 percent. This is a 5.88 percent decrease over earnings of $0.17 per share from the same period last year. The company reported quarterly sales of $155.325 million which beat the analyst consensus estimate of $152.160 million by 2.08 percent. This is a 18.18 percent increase over sales of $131.428 million the same period last year.

Montrose Environmental Gr Q1 2024 Adj EPS $0.16 Beats $(0.45) Estimate, Sales $155.325M Beat $152.160M Estimate

Carlyle Secured Lending (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGBD#NASDAQ">CGBD</a>) reported quarterly earnings of $0.52 per share which met the analyst consensus estimate. This is a 4 percent increase over earnings of $0.50 per share from the same period last year. The company reported quarterly sales of $62.007 million which beat the analyst consensus estimate of $60.014 million by 3.32 percent. This is a 6.22 percent increase over sales of $58.375 million the same period last year.

CGBD

Carlyle Secured Lending Q1 2024 GAAP EPS $0.52, Inline, Sales $62.007M Beat $60.014M Estimate

American States Water (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWR#NYSE">AWR</a>) reported quarterly earnings of $0.62 per share which met the analyst consensus estimate. This is a 3.33 percent increase over earnings of $0.60 per share from the same period last year. The company reported quarterly sales of $135.251 million which beat the analyst consensus estimate of $119.000 million by 13.66 percent. This is a 16.21 percent decrease over sales of $161.423 million the same period last year.

American States Water Q1 2024 Adj EPS $0.62, Inline, Sales $135.251M Beat $119.000M Estimate

A criminal trial against former President Donald Trump alleging that he falsified business records to conceal money paid to adult actress Stormy Daniels saw one of its <a href="https://www.benzinga.com/general/politics/24/04/38251447/trump-hush-money-trial-preview-key-witnesses-2024-campaign-impact-prison-time-trump-could-face-i">key witnesses take the stand Tuesday.</a>
What Happened: Daniels took the stand Tuesday in the case against Trump to share <a href="https://www.benzinga.com/topic/stormy-daniels">her side of the story</a>.
The defense argued ahead of Daniels taking the stand that no details of alleged sexual interactions with Trump should be shared in court as the case is about records and payments, as <a href="https://www.nbcnews.com/politics/donald-trump/live-blog/trump-hush-money-trial-day-13-live-updates-rcna150793">shared </a>by NBC News.
Details of meetings and intimacy with Trump were discussed Tuesday with objections pouring in from the defense throughout the proceedings. Daniels detailed the encounter and said she's ashamed she didn't stop it. The witness said she was not told by Trump to keep the encounter a secret.
Daniels told the court that she hates Trump. The adult actress said she wants the former president "to be held accountable." Daniels said if Trump is found guilty, he should "absolutely" go to jail.
The adult actress said that former Trump lawyer Michael Cohen prevented her from telling the truth by putting a restraining order that would initiate a $1 million fine for breaking the non-disclosure agreement.
Daniels said part of a $130,000 payment meant she was not allowed share her story and couldn't have any contact with Trump. Daniels said signing the agreement wasn't about the money, but to move on.
"The money didn't matter to me. I didn't pick a number," Daniels said.
Trump's lawyers worked to show the jury that Daniels is not a credible witness. The defense team also shared that Daniels still owes Trump money related to a defamation lawsuit.
"I hope I don't have to pay him no matter what happens," Daniels said.
Daniels also testified that she was paid $125,000 for the licensing rights to her story used for a documentary on streaming platform Peacock, owned by Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>).
Related Link: <a href="https://www.benzinga.com/general/politics/24/04/38326553/trump-hush-money-trial-has-12-jurors-here-are-the-7-men-5-women-to-decide-former-presidents-fate">Trump Hush Money Trial Has 12 Jurors: Here Are The 7 Men, 5 Women To Decide Former President&#8217;s Fate</a>
Why It's Important: The trial on Tuesday became testy between the judge and lawyers with the prosecution that was told several times that they were having Daniels share unnecessary details which weren't relevant to the case.
Trump's lawyers filed for a mistrial citing evidence given by Daniels.
"This is extraordinarily prejudicial testimony and you can't fix it," Trump lawyer Todd Blanche said of Daniels' testimony. "This is the kind of testimony that makes it impossible to come back from."
Blanche argued that Daniels' testimony was meant to embarrass Trump and there is now a risk the jury won't be "able to focus on the evidence."
Judge Juan Merchan denied the motion for a mistrial.
"I agree that there were things that would have been better left unsaid. I think the witness was a little difficult to control," Merchan said.
Trump echoed the calls for a mistrial with a post on social media.
"THE PROSECUTION, WHICH HAS NO CASE, HAS GONE TOO FAR. MISTRIAL!" Trump's posted on Truth Social.
Trump hit briefly on the case with reporters outside the courtroom Tuesday.
"This was a very big day … a very revealing day," Trump said.
Trump called the case a "disaster."
"Their case is totally falling apart."
The court will resume on Thursday with Daniels taking the stand once again. The trial against Trump is expected last six to eight weeks from an April 15 start date.
Aside from the criminal trial related to the hush money payments made to Daniels, another Trump court case got an update Tuesday.
Judge Aileen Cannon postponed Trump's Florida trial <a href="https://www.benzinga.com/news/23/11/35951291/judge-in-trumps-classified-documents-case-has-certainly-taken-her-time-to-litigate-things-says-forme">related to classified documents</a> indefinitely. The trial was scheduled to begin on May 20 and could have overlapped with his current trial.
Read Next: <a href="https://www.benzinga.com/general/politics/24/05/38657311/trump-unphased-by-gag-order-fines-jail-threats-our-constitution-is-far-more-important-than-jail">Trump Unphased By Gag Order, Fines: &#8216;Our Constitution Is Far More Important Than Jail&#8217;</a>
Photo: Shutterstock

Politics

Legal

CMCSA

Stormy Daniels Wants Trump 'To Be Held Accountable,' Go To Jail: Former President's Lawyers Call For Mistrial Over 'Extraordinarily Prejudicial Testimony'

Pros Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRO#NYSE">PRO</a>) reported quarterly earnings of $0.04 per share which beat the analyst consensus estimate of $0.01 by 300 percent. This is a 166.67 percent increase over losses of $(0.06) per share from the same period last year. The company reported quarterly sales of $80.688 million which beat the analyst consensus estimate of $79.813 million by 1.10 percent. This is a 10.26 percent increase over sales of $73.182 million the same period last year.

Pros Holdings Q1 2024 Adj EPS $0.04 Beats $0.01 Estimate, Sales $80.688M Beat $79.813M Estimate

Liberty Latin America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LILA#NASDAQ">LILA</a>) reported quarterly sales of $1.099 billion which missed the analyst consensus estimate of $1.112 billion by 1.17 percent. This is a 0.45 percent decrease over sales of $1.104 billion the same period last year.

LILA

Liberty Latin America Q1 Sales $1.099B Miss $1.112B Estimate

B2Gold (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BTG#AMEX">BTG</a>) reported quarterly earnings of $0.06 per share which beat the analyst consensus estimate of $0.05 by 20 percent. This is a 40 percent decrease over earnings of $0.10 per share from the same period last year. The company reported quarterly sales of $461.444 million which beat the analyst consensus estimate of $432.270 million by 6.75 percent. This is a 2.56 percent decrease over sales of $473.566 million the same period last year.

B2Gold Q1 2024 Adj EPS $0.06 Beats $0.05 Estimate, Sales $461.444M Beat $432.270M Estimate

Evolution Petroleum (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EPM#AMEX">EPM</a>) reported quarterly earnings of $0.03 per share which met the analyst consensus estimate. This is a 92.86 percent decrease over earnings of $0.42 per share from the same period last year. The company reported quarterly sales of $23.025 million which beat the analyst consensus estimate of $22.381 million by 2.88 percent. This is a 37.55 percent decrease over sales of $36.867 million the same period last year.

Evolution Petroleum Q3 2024  Adj EPS $0.03, Inline, Sales $23.025M Beat $22.381M Estimate

Financial Outlook
PROS currently anticipates the following based on an estimated 48.2 million diluted weighted average shares outstanding for the second quarter of 2024 and a 22% non-GAAP estimated tax rate for the second quarter and full year 2024.
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Q2 2024 Guidance</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">v. Q2 2023 at Mid-Point</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Full Year 2024 Guidance</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">v. Prior Year at Mid-Point</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Total Revenue</td>
<td colspan="1" rowspan="1">$80.5 to $81.5</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">7%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$332.5 to $334.5</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">10%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Subscription Revenue</td>
<td colspan="1" rowspan="1">$64.0 to $64.5</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">12%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$263.5 to $265.5</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">13%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Subscription ARR</td>
<td colspan="1" rowspan="1">n/a</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">n/a</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$289.0 to $292.0</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">12%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Non-GAAP Earnings Per Share</td>
<td colspan="1" rowspan="1">$0.00 to $0.02</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$0.02</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">n/a</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">n/a</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted EBITDA</td>
<td colspan="1" rowspan="1">$1.0 to $2.0</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$1.4</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$17.0 to $20.0</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$12.5</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Free Cash Flow</td>
<td colspan="1" rowspan="1">n/a</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">n/a</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$22.0 to $26.0</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$12.6</td>
</tr>
</tbody>
</table>
</figure>

Guidance

PROS Holdings Sees Q2 EPS 0.00-$0.02 Vs $0.03 Est.; Revenue $80.5M-$81.5M Vs $82.98M Est.; FY24 Revenue $332.5M-$334.5M Vs $333.66M Est.

Service Properties Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVC#NASDAQ">SVC</a>) reported quarterly earnings of $0.13 per share which missed the analyst consensus estimate of $0.19 by 31.58 percent. This is a 43.48 percent decrease over earnings of $0.23 per share from the same period last year. The company reported quarterly sales of $436.250 million which beat the analyst consensus estimate of $427.755 million by 1.99 percent. This is a 1.64 percent increase over sales of $429.209 million the same period last year.

Service Properties Trust Q1 2024 FFO $0.13 Misses $0.19 Estimate, Sales $436.250M Beat $427.755M Estimate

PAYS

PaySign Sees Q2 2024 Revenue To Increase ~27.5%

PaySign Sees FY24 Revenue $54.5M-$56.7M Vs $55.726M Est.

Pros Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRO#NYSE">PRO</a>) reported quarterly earnings of $0.04 per share which beat the analyst consensus estimate of $0.01 by 300 percent. This is a 166.67 percent increase over losses of $(0.06) per share from the same period last year. The company reported quarterly sales of $80.69 million which beat the analyst consensus estimate of $79.81 million by 1.10 percent. This is a 10.26 percent increase over sales of $73.18 million the same period last year.

Pros Holdings Q1 Adj $0.04 Beats $0.01 Estimate, Sales $80.69M Beat $79.81M Estimate

KIND

Nextdoor Now Expects Positive Free Cash Flow In Q4'24

Snap One Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPO#NASDAQ">SNPO</a>) reported quarterly losses of $(0.13) per share which missed the analyst consensus estimate of $0.08 by 262.5 percent. This is a 425 percent decrease over earnings of $0.04 per share from the same period last year. The company reported quarterly sales of $246.078 million which missed the analyst consensus estimate of $254.320 million by 3.24 percent. This is a 2.37 percent decrease over sales of $252.040 million the same period last year.

SNPO

Snap One Holdings Q1 2024 Adj EPS $(0.13) Misses $0.08 Estimate, Sales $246.078M Miss $254.320M Estimate

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The More It Drops, The More I Buy

Algonquin Power & Utilities Corp. (AQN) Q4 2023 Earnings Call Transcript

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Press Releases

Algonquin Power & Utilities Corp. Declares Second Quarter 2023 Common Share Dividend of U.S.$0.1085 (C$0.1453), and Declares Second Quarter 2023 Preferred Share Dividends

Algonquin Power & Utilities Corp. Announces 2023 First Quarter Financial Results

Algonquin Power & Utilities Corp. to Conduct Strategic Review of its Renewable Energy Group with Aim of Enhancing Shareholder Value