Juggernaut Exploration Stock (OTC: JUGRF)

Latest News for Juggernaut Exploration Stock (OTC:JUGRF)

Juggernaut Exploration Ltd is engaged in acquiring, exploring, and evaluating mineral resource properties. The company's projects include the Bingo property, Midas property, and Empire property.

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Juggernaut Exploration Ltd

Flushing Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIC#NASDAQ">FFIC</a>) reported quarterly earnings of $0.14 per share which met the analyst consensus estimate. This is a 133.33 percent increase over earnings of $0.06 per share from the same period last year. The company reported quarterly sales of $45.481 million which missed the analyst consensus estimate of $48.286 million by 5.81 percent. This is a 12.82 percent decrease over sales of $52.170 million the same period last year.

Earnings

Earnings Misses

FFIC

Flushing Financial Q1 2024 GAAP EPS $0.14, Inline, Sales $45.481M Miss $48.286M Estimate

Guidance

TSLA

Tesla CEO Musk Says May Be Able To Sell Optimus By End Of Next Year

Tesla CEO Musk Says Tesla Will Have 85,000 Nvidia H100 GPUS Training AI By End Of Year

<a href="https://www.sec.gov/Archives/edgar/data/1620704/000147793224002292/medx_rw.htm" title="https://www.sec.gov/Archives/edgar/data/1620704/000147793224002292/medx_rw.htm">https://www.sec.gov/Archives/edgar/data/1620704/000147793224002292/medx_rw.htm</a>

IPOs

Med-X Withdraws IPO Plan; Elects Not To Pursue Sale Of Securities At This Time - Filing

A substantial slowdown in the shipping business has caused United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) <a href="https://www.benzinga.com/news/earnings/24/04/38376943/ups-delivers-mixed-bag-of-q1-results-maintains-guidance-despite-lower-volumes">to deliver lackluster first-quarter results on Tuesday</a>.
When compared to the same period last year, revenue declined 5.3% and operating profit was down 31.5% when adjusting for inflation.&nbsp;
The large drop in operating profit stems from <a href="https://www.benzinga.com/news/large-cap/23/08/33995076/ups-and-teamsters-seal-the-deal-ensures-170-000-per-year-for-drivers-the-next-5-years">recent salary negotiations between UPS and the Teamsters</a>, the labor union that represents the company's employees.&nbsp;
The historic wage negotiation closed last August and hit the UPS balance sheet by guaranteeing a $170,000 salary for delivery truck drivers over the next five years. Negotiations affect 340,000 UPS teamsters with higher wages and overall better working conditions, <a href="https://www.benzinga.com/news/23/08/34101423/drop-off-your-old-gig-pick-up-this-pay-package-ups-drivers-make-170k-under-new-deal">making the $170k salary the new average for UPS employees</a>.
Nonetheless, shares of the company were up by 2.4% as Tuesday progressed, as quarterly profit beat analyst expectations, although they were on the decline for five consecutive quarters.
The company is boasting several positive news from recent times, including <a href="https://www.benzinga.com/news/24/04/38086914/postal-services-air-cargo-shift-to-ups-makes-everyone-a-winner">a new contract with the United States Postal Service (USPS) to provide air cargo services</a>.
The USPS dropped FedEx Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) earlier this month as its main domestic air carrier, deciding not to renew a contract worth $1.5 billion, and choosing UPS instead. The new contract will go on at least for five-and-a-half years and have UPS as the primary contractor for the USPS' first-class mail, priority mail and priority express mail.
Read also: <a href="https://www.benzinga.com//node/38029989">UPS Vs. FedEx: Which Stock Boasts A Higher Upside? Here&#8217;s What Analysts Say</a>
The shift was considered a win-win for both competitors, as FedEx is looking to reduce its operations and take out $4 billion in structural costs by the end of fiscal year 2025.
On its previous quarterly call, UPS CEO Carol Tomé called 2023 "a difficult and disappointing year." The company experienced declines in volume, revenue, and operating profit in all three of its business segments, <a href="https://www.benzinga.com/news/earnings/24/01/36866048/these-analysts-cut-their-forecasts-on-ups-following-q4-results">causing analysts to cut their forecasts</a>.
Tomé blamed the macro environment, as well as the new employee deal as reasons behind recent drops in revenue.
This time, the executive showcased a more hopeful attitude. While average daily volume continued to decline, the rate of decline was slower in the first quarter both domestically and internationally.
To compensate for the decline in volume, the company announced earlier this year <a href="https://www.benzinga.com/news/earnings/earnings-misses/24/01/36849715/ups-slashes-12-000-jobs-in-cost-cutting-move-shares-plunge">plans to shed 12,000 positions, representing about 14% of its managerial workforce</a>, potentially saving the company $1 billion in 2024.
Tomé is expecting the USPS deal to bring in at least part of the revenue the company needs to compensate for losses in volume. The CEO said the deal will contribute to top-line growth, fitting "beautifully with our strategy to grow our B2B business."
Now Read: <a href="https://www.benzinga.com//node/38223600">Retail Resilience: Wayfair, Lowe&#8217;s, Best Buy — JPMorgan&#8217;s Top Stock Picks</a>
Photo: Shutterstock

UPS Earnings Show The Weight Of $170,000 Salaries While It Learns To Navigate Shipping Slump

Tesla Says It Expect New Model Production To Start Early 2025 If Not Late This Year

The company expects total capital expenditures to range from&nbsp;$130&nbsp;-&nbsp;$150 million&nbsp;in 2024,&nbsp;$130&nbsp;-&nbsp;$150 million&nbsp;in 2025, and&nbsp;$100&nbsp;-&nbsp;$120 million&nbsp;in 2026.

WIRE

Encore Wire Says Remain Focused On Long-Term Opportunities For Its Business As It Continues To Address Near-Term Challenges

David Pecker, former head of the National Enquirer, testified Tuesday about his role in purchasing and suppressing stories to benefit Donald Trump during the 2016 presidential campaign, revealing details of his frequent communications with Trump and an unwritten agreement to publish favorable coverage of him while <a href="http://benzinga.com/general/politics/24/04/38366379/trump-committed-conspiracy-to-undermine-the-integrity-of-a-presidential-election-prosecution-all">targeting his political opponents.</a>
What Happened: During testimony Tuesday, Pecker shared details of the process of the National Enquirer buying stories <a href="http://benzinga.com/topic/donald-trump">related to Trump.</a>
Pecker said he previously bought stories from Trump based on "The Apprentice" in what he called a mutually beneficial relationship, NBC News <a href="https://www.nbcnews.com/politics/donald-trump/live-blog/trump-hush-money-live-updates-day-6-rcna148919">reported</a>.
The media mogul said interest in Trump "skyrocketed" after the success of "The Apprentice" and "Celebrity Apprentice."
Pecker said he previously spoke monthly or quarterly with Trump, and in some cases it was more frequent, depending on how much the former president was in the news. When Trump announced he was running for president in 2015, the two met more frequently.
Testimony about a 2015 meeting at Trump Tower between Trump, his former lawyer Michael Cohen and Pecker was a key part of the court proceedings on Tuesday. 
"Thinking about it as I did previously, I said what I would do is I would run or publish positive stories about Mr. Trump, and I would publish negative stories about his opponents," Pecker said. &nbsp;
The agreement was never put into writing, but was rather an agreement between friends, Pecker said Tuesday. Pecker added that running stories that were negative on the Clinton family often did well and pleased Cohen and Trump.
Pecker also said Cohen directed him to target certain 2016 presidential candidates with stories. This included running a story about 2016 Republican presidential candidate Ted Cruz.
The media mogul said that it was common for women to sell stories to the National Enquirer or to other outlets. Stories about Trump or the 2016 election had to be brought to Pecker at the time, according to company rules he put in place.
Stories then were sent from Pecker to Cohen to be vetted.
One story that was brought up in court Tuesday was one from Dino Sajudin, a doorman at Trump Tower. The doorman tried to sell a story about an illegitimate child from Trump and a maid who worked in the building.
Pecker recalled calling Cohen on the story who said it was not true. Pecker bought the story for $30,000 to make sure another publisher didn't get their hands on it.
"I made the decision to buy the story because of the potential embarrassment to the campaign and Mr. Trump."
Pecker said he didn't publish the story until after the 2016 presidential election based on a request from Cohen.
Pecker also said that a poll run by the National Enquirer saying 80% of readers wanted Trump to run for president was later cited by the former president as part of his reasoning for running.
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>
What's Next: Another key part of the testimony by Pecker was of a story of former Playboy model Karen McDougal alleging an affair with Trump.
Pecker also told the court that he spoke more often with Cohen after the McDougal story began circulating. Cohen instructed Pecker not to talk on a landline and to use messaging app Signal, where messages are automatically destroyed, Pecker recalled.
This happened at the end of Tuesday's session and will likely carry over into Thursday when the trial resumes.
On Tuesday morning ahead of testimony, Judge Juan Merchan heard from the prosecution and defense about a potential violation of <a href="https://www.benzinga.com/general/politics/24/03/37945216/trump-hit-with-gag-order-in-hush-money-case-his-statements-were-threatening-inflammatory-denigra">a gag order imposed</a> on Trump before the trial.
Merchan said he would "reserve a decision" on if Trump violated the gag order with posts on social media.
Speaking to media after the trial Tuesday, Trump said that Merchan has taken away his "constitutional right to free speech" with the gag order.
"This is a kangaroo court," Trump said on social media Tuesday. &nbsp;
Read Next: <a href="https://www.benzinga.com/general/politics/24/04/38279176/trump-hush-money-trial-draws-reaction-from-congressman-talk-show-hosts-worse-than-anything-richa">Trump Hush Money Trial Draws Reaction From Congressman, Talk Show Hosts: &#8216;Worse Than Anything Richard Nixon Ever Did&#8217;</a>
Photo: Shutterstock

Politics

Legal

David Pecker Testifies To National Enquirer Buying Stories That Could Damage Donald Trump: 'Potential Embarrassment To The Campaign'

First Busey (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BUSE#NASDAQ">BUSE</a>) reported quarterly earnings of $0.47 per share which missed the analyst consensus estimate of $0.49 by 4.08 percent. This is a 27.69 percent decrease over earnings of $0.65 per share from the same period last year. The company reported quarterly sales of $110.767 million which beat the analyst consensus estimate of $109.091 million by 1.54 percent. This is a 5.89 percent decrease over sales of $117.705 million the same period last year.

Earnings Beats

BUSE

First Busey Q1 2024 Adj EPS $0.47 Misses $0.49 Estimate, Sales $110.767M Beat $109.091M Estimate

SMFL

Smart for Life Completes Restructuring Program

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Latest News for Juggernaut Exploration Stock (OTC:JUGRF)

Monday, September 30, 2019

Thursday, September 12, 2019