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Jake Evans scores for the career-high 5th consecutive game, surging Canadiens beat Lightning 5-2COLLEGE PARK, Md. (AP) — Tafara Gapare scored 19 points, freshman Derik Queen had 15 points and eight rebounds and Maryland beat Bucknell 91-67 on Wednesday night. Read this article for free: Already have an account? To continue reading, please subscribe: * COLLEGE PARK, Md. (AP) — Tafara Gapare scored 19 points, freshman Derik Queen had 15 points and eight rebounds and Maryland beat Bucknell 91-67 on Wednesday night. Read unlimited articles for free today: Already have an account? COLLEGE PARK, Md. (AP) — Tafara Gapare scored 19 points, freshman Derik Queen had 15 points and eight rebounds and Maryland beat Bucknell 91-67 on Wednesday night. Maryland opened the game on a 15-2 run, extended it to 25-7 with 10:38 left and led 51-28 at the break. The Terrapins led by at least 16 points the entire second half, which included runs of 12-0 and 9-0. Gapare scored the 10 straight points during the second-half run. Gapare threw down a highlight dunk while being fouled with 2:08 remaining to give Maryland an 89-62 lead. He was called for a technical foul after stepping over Patrick O’Brien, who was attempting to take a charge. Jayden Williams made the two free throws for Bucknell and Gapare missed his free-throw attempt that would have tied his career high of 20 points. Maryland (6-1) has won 20 consecutive home games against unranked nonconference foes with its last loss coming on Dec. 1, 2021, against Virginia Tech in the ACC/Big Ten Challenge. Julian Reese added 14 points and Selton Miguel scored 13 for Maryland. Gapare, a Georgia Tech transfer, reached double-figure scoring as a Terp for the first time. The Terrapins shot 50% from the field with three 3-pointers apiece by Gapare and Miguel. Ruot Bijiek led Bucknell (4-4) with 20 points and Josh Bascoe added 10. The Bison turned it over 20 times leading to 22 Maryland points. Maryland stays at home to play Alcorn State on Sunday. Bucknell returns home to play Siena on Saturday. ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here. AP college basketball: https://apnews.com/hub/ap-top-25-college-basketball-poll and https://apnews.com/hub/college-basketball Advertisementtypes of casino games
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BOSTON, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Amwell ® (NYSE: AMWL), a leader in digital care, has announced Chief Financial Officer (CFO) Mark Hirschhorn will take on an expanded role as chief operating officer, effective Jan. 1, 2025. Hirschhorn will now oversee the company's operational and growth strategies, including the clinical, sales and marketing teams, while continuing his responsibilities as CFO. This move reflects Amwell’s commitment to scale its innovative solutions to meet the growing demand for digital healthcare. "Since joining Amwell, Mark has proven himself to be a strong leader, and we’re thrilled to have him step into this expanded role," said Ido Schoenberg, M.D., CEO and chairman of Amwell. "Mark’s operational experience, coupled with his extensive financial acumen, will help us continue to streamline the Amwell portfolio of services and pursue core channels of profitable growth while powering the digital care aspirations of our clients. With these changes, we enable a higher level of focus on our mission of connecting and empowering providers, insurers, and innovators to deliver more accessible, affordable, high-quality care for the benefit of all stakeholders. We also solidify our confidence in our path to cash flow positive in 2026." "I am eager to take on the additional responsibilities as COO," said Hirschhorn. "I look forward to working closely with our talented and streamlined leadership team to sharpen our operational focus on key priorities, drive greater efficiencies, optimize cash flow and deliver profitable growth while pursuing our mission to redefine healthcare delivery through technology-driven solutions." As Amwell continues to streamline processes and drive alignment, two executives will leave the company. Chief Commercial and Growth Officer Kathy Weiler, and Chief Operating Officer Kurt Knight, will depart Amwell at the end of the year. Over her tenure, Weiler has contributed to meaningful cost initiatives while transforming the company’s growth organization. Knight has provided substantial leadership over his 14-year tenure, including key roles in strategy, M&A, the company’s IPO, rapidly scaling operations through the COVID-19 pandemic, and building and managing the company’s affiliated network of providers, Amwell Medical Group ® , a strategic service for payer and provider organizations. “Kathy’s leadership led to the creation of a formally structured and professionalized growth organization, which has had a meaningful and lasting impact on our business. Kurt is a foundational partner in Amwell. He has made an incredible contribution to our company over many years. He played a major role in transforming Amwell into the company it is today, and I am forever grateful. I thank both leaders for their contributions to Amwell,” said Schoenberg. About Amwell Amwell is a leading hybrid care, delivery enablement platform in the United States and globally, connecting and enabling providers, payers, patients, and innovators to deliver greater access to more affordable, higher quality care. Amwell believes that hybrid care delivery will transform healthcare. We offer a single, comprehensive platform to support all digital health needs from urgent to acute and post-acute care, as well as chronic care management and healthy living. With nearly two decades of experience, Amwell powers the digital care of more than 50 health plans, which collectively represent more than 100 million covered lives, and many of the nation’s largest health systems. For more information, please visit https://business.amwell.com/ . ©2024 American Well Corporation. All rights reserved. Amwell®, SilverCloud®, Amwell Converge TM , Carepoint TM , Amwell Medical Group®, and the Amwell Logo are registered trademarks or trademarks of American Well Corporation. Notice of Ownership All materials contained herein are the property of American Well Corporation and are copyrighted under United States law and applicable international copyright laws and treaty provisions. The materials contained herein are not work product or "work for hire" on behalf of any third party. The materials contained herein constitute the confidential information of American Well Corporation, except for specific data elements provided by third parties, which are the confidential information of such third parties. The content contained herein results from the application of American Well proprietary processes, analytical frameworks, algorithms, business methods, solution construction aids and templates, all of which are and remain the property of American Well Corporation. 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From revisiting the political scandal that sparked a cultural reckoning in Canberra to a rich-lister’s unravelling, there were no shortage of court battles being waged — or defended — by the top end of town in 2024. We revisit some of the cases that dominated headlines and left us shocked, perplexed, and — at times — even entertained. Brittany Higgins defended a defamation action launched by Senator Linda Reynolds. Credit: Composite image/Holly Thompson Villain or victim? Reynolds v Higgins It was a story of an alleged rape in the halls of Parliament House and a covert political cover-up, and like all “fairytales”, it needed a villain. That was how WA Senator Linda Reynolds’ lawyer Martin Bennett began the five-week-long trial in her defamation suit against former staffer Brittany Higgins and her husband David Sharaz, the most high-profile case to go before WA’s civil courts in 2024. The former defence minister sued Higgins over social media posts accusing her of mishandling the former staffer’s alleged rape by Bruce Lehrmann in March 2019 — a claim that was later aired by the media and created a storm that led to Reynolds’ political demise. Loading Higgins fiercely defended the action on the basis her posts were true, but opted against taking the stand at the eleventh hour amid concerns for her health. The trial, which the pair mortgaged and sold their homes to pursue, pored over the events of 2019 in excruciating detail, dragged in high-profile figures — from former prime minister Scott Morrison to broadcaster Peta Credlin — and threw private texts into the public arena we imagine the parties would have preferred to remain private. It also spawned fresh evidence Reynolds now wants to use as a weapon in her bid to have Higgins’ $2.4 million compensation claim probed by the corruption watchdog. Lehrmann has maintained his innocence since his 2022 criminal trial was aborted due to juror misconduct, but a Federal Court judgment found, on the balance of probabilities, that he did rape Higgins. Lehrmann is now appealing that ruling. Justice Paul Tottle is expected to hand down a judgment in the court row in the New Year, but we suspect there won’t be any winners in this saga. Western Australia’s mining dynasty, of which the nation’s richest person Gina Rinehart is the most famous member, was embroiled in a court fight over the rights to the Hope Downs projects in the state’s iron-rich Pilbara region. Credit: Marija Ercegovac Gina Rinehart: 1, Bianca and John: 0 The high-stakes clash over the Hope Downs iron ore project , which pitted Australia’s richest person Gina Rinehart against two mining dynasties and her eldest children, occupied two floors of the Supreme Court for more than six months in 2023. And yet still, there was unfinished business in the battle for the multibillion-dollar asset. The case made headlines again in April, when Rinehart’s eldest children lost an eleventh-hour bid for 82 top secret documents their billionaire mother claimed were protected by legal privilege. The pair, who have been locked in a bitter battle with their mother over mining assets left behind by their pioneer grandfather Lang Hancock, believed the files might aid their pursuit for ownership of Rinehart-led Hancock Prospecting’s sprawling mining tenements in the state’s north-west. But Justice Natalie Whitby ruled the pair had insufficient evidence, lashing the handling of the case and its burden on the public justice system after revealing the court book spanned 6000 pages. “To say that the resources dedicated to these privilege claims was grossly disproportionate to the issues in the dispute is an understatement,” she wrote. Ouch... We’re still awaiting a judgment from Justice Jennifer Smith on the broader row. We hope Justice Smith is not spending the whole festive season “in the area of or contiguous to” her desk and what we imagine is a very lengthy draft judgment. Beleaguered Mineral Resources boss takes on media to keep court row quiet He gained a reputation as the uninhibited billionaire mining boss behind Mineral Resources’ meteoric rise, but it would be what Chris Ellison kept hidden that would be his downfall. Depressed lithium prices, sweeping cost cuts and a debt-laden balance sheet saw Ellison declare it the “shittiest time” to be a managing director in one newspaper interview. Loading Just a few months later, he would announce plans to vacate the top job, undone by an exposé in the Australian Financial Review detailing his involvement in an alleged decade-long tax evasion scheme. But as shareholders were demanding answers and the corporate regulator was beginning its own probe, Ellison’s lawyers were busy fighting to keep the media from undoing sweeping gag orders over documents filed in his now-settled row with a former contracts boss. The documents were central to the two-year court row MinRes, Ellison and self-proclaimed whistleblower Steven Pigozzo had been fighting on several fronts until inking a peace deal in July — which featured explosive allegations of misconduct. While a string of Pigozzo’s claims had been republished by the media, much of the case had been covered by suppression orders which were broadened when both parties asked that more than 16 legal documents be permanently removed from the case file. “The non-publication orders are sought to fortify matters raised previously about allegations that were not just irrelevant but scandalous,” Ellison’s lawyer told the court. WA Health, scientist ink top-secret stem cell patent peace deal She was the face of Royal Perth Hospital’s state-of-the-art cellular therapy facility, the Perth scientist behind a medical invention that saw her wheeled out by the health department’s publicity team to showcase its life-changing research. That was until the day of Dr Marian Sturm’s retirement in 2021, when the health service dragged her to court demanding compensation and that the licence agreement for the invention be torn up. The three-year medicine ownership battle came to an abrupt end in March after the East Metropolitan Health Service and Sturm’s company Isopogen inked a top-secret peace deal. The lawsuit centred around intellectual property rights to an improved method of manufacturing mesenchymal stromal cells used to treat inflammatory illnesses, which Sturm developed in 2007 and registered in her name and that of her capital-raising vehicle Isopogen. Sturm’s relationship with the EMHS soured amid claims she had breached her contract by asserting ownership over the medicine, which saw Isopogen, two former employees, the state’s own patents attorneys and its insurer embroiled in a bitter legal pursuit with the health service. The parties claimed they had reached a mutually acceptable, confidential settlement which provided a comprehensive framework for “an ongoing relationship”. A spokesperson for the health service told this masthead that gag order extended to how much this three-year sparring match cost the taxpayer. How convenient. Loading Vegan activist Tash Peterson, partner cop $280k bill in defamation row She’s not quite the “top end of town”, but we couldn’t take a look back at the biggest civil cases of 2024 without referencing the whopping damages bill handed to Perth’s most prominent animal rights activist. In November, Tash Peterson and her partner were ordered to pay $280,000 in damages to the owners of a Perth veterinary clinic for defamation after a bizarre dispute in 2021. The dispute, which was later circulated on social media, was sparked after Peterson and Jack Higgs spotted two cockatiels in a large cage at the front of Dr Kay McIntosh and Andrew McIntosh’s Bicton Veterinary Clinic. What unfolded was a bizarre tirade in which Peterson accused the clinic of “advertising animal slavery” — despite neither of the birds being able to survive in the wild — and of eating their own patients. Peterson and Higgs had claimed their tirade was justified as honest opinion, defending the content on the basis it was substantially true and a matter of public interest. But the part of the trial that managed to capture the most attention were revelations about just how deep Peterson’s pockets were, with the V-Gan Booty Pty Ltd entity behind her burgeoning OnlyFans account generating more than $380,000 in earnings in 2022 alone. We suspect this won’t be the last we see of Peterson. Get alerts on breaking news as happens. Sign up for our Breaking News Alert . Save Log in , register or subscribe to save articles for later. License this article Courts Perth Jesinta Burton – is a journalist with WAtoday, specialising in civil courts, business and urban development. Connect via Twitter or email . Most Viewed in National LoadingBIG 12 THIS WEEKWalmart has this massive 75-inch 4K UHD TV on sale for less than $480 — and you can get it delivered ASAP
Some elite US universities favor wealthy students in admissions decisions, lawsuit allegesWhen Inter Miami were dumped out of Major League Soccer's playoffs in the first round, their former Spain international full-back Jordi Alba questioned the fairness of the post-season format. Miami had topped the Eastern Conference and the overall regular season standings with a record points tally a performance which earned them the 'Supporters' Shield'. But there would be no title battle against the best in the West for Lionel Messi and Company after they contrived to lose two matches in their best-of-three series against an Atlanta United team which finished ninth in the East and 20th in the overall standings. "I think this format is a bit unfair. It has been done for many years but I think it should be the champion of one conference against the champion of the other, to make it as fair as possible," Alba said. Alba's comments prompted much debate among MLS fans and plenty of accusations of sour grapes but they did serve to highlight that this year's playoffs, if not MLS's playoffs in general, would certainly not be a battle of the best versus best. Defending champions Columbus Crew, who finished second in the Supporters' Shield race, were also eliminated in the first round, adding to the sense that the knockout phase of the season is very much a competition of its own. So on Saturday, after the international break disrupted the flow of the post-season, the Conference semi-finals, will see a "Hudson River Derby" between two New York teams who couldn't finish in the top 10 in the regular season. New York City, Manchester City's sister club, have home-field advantage after finishing in 13th spot while the New York Red Bulls travel from New Jersey, having ended up in 16th place. The 'home field' isn't actually NYCFC's usual home of Yankee Stadium, which is being used for a college football game, but Citi Field, home of New York's other baseball club, the Mets. Later on Saturday, in the Western Conference, 2022 MLS Cup winners and last year's beaten finalists, Los Angeles FC, are at home to the Seattle Sounders. That fixture feels much more like the kind of playoff game that was expected -- LAFC finished top of the West while Seattle were fourth. LAFC faces the Sounders for the fourth time in an elimination match over the last 13 months, having defeated Seattle in the 2023 Western Conference semifinals, the 2024 Leagues Cup quarterfinal and the 2024 US Open Cup semifinal. Each of those matches was hosted by Seattle. LAFC, with former France stars in goalkeeper Hugo Lloris and striker Olivier Giroud, enter the encounter unbeaten in their last 10 meetings with the Sounders, with their last loss to Seattle coming in a 2-0 defeat in 2021. On Sunday, surprise package Atlanta, with their 40-year-old goalkeeper Brad Guzan having impressed so many with his heroics against Miami, will return to Florida to take on Orlando City, who finished fourth in the East. Atlanta won at Orlando on the last day of the regular campaign, a victory that allowed them to sneak into the wildcard round but which also completed a home and away double for the Georgia side. "Obviously, in Major League Soccer, anything can happen," said Orlando coach Oscar Pareja. "Our responsibility is to play one game at a time. This one, we're going to be ready for sure," he added. The weekend rounds off with Los Angeles Galaxy hosting Minnesota United who, under former Manchester United assistant coach Eric Ramsay, came through a best-of-three series against higher-ranked Real Salt Lake. The Galaxy start as favourites but, as this season has shown in abundance, that counts for little. "We know they are a top team at this level with top individual players who are very difficult to beat at home but...I feel that if we are a good version of what we have been over the last 10-12 games... I certainly won't be painting it as a one sided game," said Ramsay. sev/js
Prime Minister Justin Trudeau is firmly in his Swiftie era. Trudeau attended the Taylor Swift concert in Toronto on Friday, the Eras Tour’s second-last night in the city. Press secretary Jenna Ghassabeh confirmed that the prime minister was at the concert with family members. Saturday wraps up two weekends of concerts in Toronto for the Eras Tour, which ends in Vancouver with three shows at BC Place from Dec. 6 to 8. The Eras Tour kicked off in March 2023 and touched down in five continents with nearly 150 performances. Before the Canadian dates were announced, Trudeau had reached out to Swift on social media, asking her to bring the tour to Canada.Legendary investor Brad Gerstner said that Tesla stock is the replacement for Uber shares in his portfolio because Tesla has so much upside in the self-driving race. Bred Gerstner is the CEO and founder of Altimeter Capital, a hedge fund that manages $10.7 billion in investments. On Thursday, he appeared on CNBC to talk about several stocks, including Tesla. Gerstner was formerly bullish on Uber shares, being one of the firm’s most notable holdings. However, AltCap sold its Uber holdings after the U.S. Presidential Election , dumping every share and putting it directly into Tesla stock, which is up over 36 percent since President-elect Donald Trump defeated Vice President Kamala Harris. Gerstner said on CNBC : “Let me say at the start, Dara [Khosrowshahi] has been an incredible CEO at Uber. He’s dramatically increased free cash flow, he’s increased the competitive position of that company, and they’re dominant leader now in global mobility. We love the company, and it’s inexpensive. However, leading up to the election, we’ve been taking down our position size and rotating it into Tesla. Why? Because I said before, we had a ChatGPT moment with Full Self-Driving in 2024. I think 2025 is going to be about Robotaxi. We were present at Robotaxi Day, and we were impressed by Robotaxi. For Uber, they have to get past this moment, where they have a hugely disruptive force coming in the case of Tesla and now we know that the Trump Adminsitration is going to push for a massive regulatory change, so that will be good for Waymo and good for Tesla. Uber has a few Waymos in its platform, but we want to see how it plays out.” Gerstner added that he believes “the optics” are going to look bad for Uber in the coming months , while Tesla will benefit from CEO Elon Musk’s close relationship with President-elect Trump. He also said he believes Tesla’s Robotaxi launch will be in Q2 of next year, which seems optimistic. Elon Musk details Tesla’s road to selling Optimus and Robotaxi affordably Gerstner continued: “I think 18 months ago, nobody would have said that this was winner take all or winner take most. They would have said everyone was going to have self-driving capabilities. I will tell you right now, Tesla is running away with their Full Self-Driving capabilities. The only other game in town really is Waymo.” Please email me with questions and comments at joey@teslarati.com . I’d love to chat! You can also reach me on X @KlenderJoey , or if you have news tips, you can email us at tips@teslarati.com .Children of the wealthy and connected get special admissions consideration at some elite U.S. universities, according to new filings in a class-action lawsuit originally brought against 17 schools. Georgetown’s then-president, for example, listed a prospective student on his “president’s list” after meeting her and her wealthy father at an Idaho conference known as “summer camp for billionaires,” according to Tuesday court filings in the price-fixing lawsuit filed in Chicago federal court in 2022. Although it’s always been assumed that such favoritism exists, the filings offer a rare peek at the often secret deliberations of university heads and admissions officials. They show how schools admit otherwise unqualified wealthy children because their parents have connections and could possibly donate large sums down the line, raising questions about fairness. Stuart Schmill, the dean of admissions at the Massachusetts Institute of Technology, wrote in a 2018 email that the university admitted four out of six applicants recommended by then-board chairman Robert Millard, including two who “we would really not have otherwise admitted.” The two others were not admitted because they were “not in the ball park, or the push from him was not as strong.” In the email, Schmill said Millard was careful to play down his influence on admissions decisions, but he said the chair also sent notes on all six students and later met with Schmill to share insight “into who he thought was more of a priority.” The filings are the latest salvo in a lawsuit that claims that 17 of the nation’s most prestigious colleges colluded to reduce the competition for prospective students and drive down the amount of financial aid they would offer, all while giving special preference to the children of wealthy donors. “That illegal collusion resulted in the defendants providing far less aid to students than would have been provided in a free market,” said Robert Gilbert, an attorney for the plaintiffs. Since the lawsuit was filed, 10 of the schools have reached settlements to pay out a total of $284 million, including payments of up to $2,000 to current or former students whose financial aid might have been shortchanged over a period of more than two decades. They are Brown, the University of Chicago, Columbia, Dartmouth, Duke, Emory, Northwestern, Rice, Vanderbilt and Yale. Johns Hopkins is working on a settlement and the six schools still fighting the lawsuit are the California Institute of Technology, Cornell, Georgetown, MIT, Notre Dame and the University of Pennsylvania. MIT called the lawsuit and the claims about admissions favoritism baseless. “MIT has no history of wealth favoritism in its admissions; quite the opposite,” university spokesperson Kimberly Allen said. “After years of discovery in which millions of documents were produced that provide an overwhelming record of independence in our admissions process, plaintiffs could cite just a single instance in which the recommendation of a board member helped sway the decisions for two undergraduate applicants." In a statement, Penn also said the case is meritless that the evidence shows that it doesn't favor students whose families have donated or pledged money to the Ivy League school. “Plaintiffs’ whole case is an attempt to embarrass the University about its purported admission practices on issues totally unrelated to this case," the school said. Notre Dame officials also called the case baseless. “We are confident that every student admitted to Notre Dame is fully qualified and ready to succeed,” a university spokesperson said in a statement. The South Bend, Indiana, school, though, did apparently admit wealthy students with subpar academic backgrounds. According to the new court filings, Don Bishop, who was then associate vice president for enrollment at Notre Dame, bluntly wrote about the “special interest” admits in a 2012 email, saying that year's crop had poorer academic records than the previous year's. The 2012 group included 38 applicants who were given a “very low” academic rating, Bishop wrote. He said those students represented “massive allowances to the power of the family connections and funding history,” adding that “we allowed their high gifting or potential gifting to influence our choices more this year than last year.” The final line of his email: “Sure hope the wealthy next year raise a few more smart kids!” Some of the examples pointed to in this week's court filings showed that just being able to pay full tuition would give students an advantage. During a deposition, a former Vanderbilt admissions director said that in some cases, a student would get an edge on the waitlist if they didn’t need financial aid. The 17 schools were part of a decades-old group that got permission from Congress to come up with a shared approach to awarding financial aid. Such an arrangement might otherwise violate antitrust laws, but Congress allowed it as long as the colleges all had need-blind admissions policies, meaning they wouldn't consider a student’s financial situation when deciding who gets in. The lawsuit argues that many colleges claimed to be need-blind but routinely favored the children of alumni and donors. In doing so, the suit says, the colleges violated the Congressional exemption and tainted the entire organization. The group dissolved in recent years when the provision allowing the collaboration expired. The Associated Press’ education coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org .
The Ducks climbed to No. 2 after beating Texas A&M and San Diego State, but Gonzaga held down the top spot. Subscribe to continue reading this article. Already subscribed? To login in, click here.2024 Fourth Quarter Highlights– comparisons to the prior year quarter Net earnings per diluted share of $4.06 ( $4.03 , excluding mark-to-market gains on technology investments) Net earnings of $1.1 billion New orders decreased 3% to 16,895 homes; new orders dollar value decreased 1% to $7.2 billion Backlog of 11,633 homes with a dollar value of $5.4 billion Deliveries decreased 7% to 22,206 homes Total revenues of $9.9 billion Homebuilding operating earnings of $1.5 billion Gross margin on home sales of 22.1% S,G&A expenses as a % of revenues from home sales of 7.2% Net margin on home sales of 14.9% Financial Services operating earnings of $154 million Multifamily operating loss of $0.2 million Lennar Other operating earnings of $0.5 million Homebuilding cash and cash equivalents of $4.7 billion Years supply of owned homesites of 1.1 years and controlled homesites of 82% No outstanding borrowings under the Company's $2.9 billion revolving credit facility Homebuilding debt to total capital of 7.5% Repurchased 3 million shares of Lennar common stock for $521 million In November 2024 , the Company entered into a definitive agreement to acquire Rausch Coleman Homes , a residential homebuilder, which is expected to close in the first quarter of 2025 2024 Fiscal Year Highlights - comparisons to prior year Net earnings per diluted share of $14.31 ( $13.86 , excluding mark-to-market gains and other one-time items, (collectively, "adjustments")) Net earnings of $3.9 billion ( $3.8 billion excluding adjustments) New orders increased 11% to 76,951 homes Deliveries increased 10% to 80,210 homes Total revenues of $35.4 billion Gross margin on home sales of 22.3%; net margin of 14.9% Redeemed/repurchased $554 million of senior notes Repurchased 13.6 million shares of Lennar common stock for $2.1 billion Homebuilding return on inventory of 29.2% MIAMI , Dec. 18, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B) , one of the nation's largest homebuilders, today reported results for its fourth quarter and fiscal year ended November 30, 2024 . Fourth quarter net earnings attributable to Lennar in 2024 were $1.1 billion , or $4.06 per diluted share, compared to $1.4 billion , or $4.82 per diluted share in the fourth quarter of 2023. Excluding mark-to-market gains on technology investments, fourth quarter net earnings attributable to Lennar in 2024 were $1.1 billion , or $4.03 per diluted share, compared to fourth quarter net earnings attributable to Lennar in 2023 of $1.5 billion , or $5.17 per diluted share, excluding mark-to-market losses on technology investments and other one-time items (collectively, "adjustments"). Net earnings attributable to Lennar for the year ended November 30, 2024 were $3.9 billion , or $14.31 per diluted share, compared to $3.9 billion , or $13.73 per diluted share for the year ended November 30, 2023 . Excluding adjustments, net earnings attributable to Lennar for the year ended November 30, 2024 were $3.8 billion , or $13.86 per diluted share, compared to $4.1 billion , or $14.25 per diluted share for the year ended November 30, 2023 . Stuart Miller , Executive Chairman and Co-Chief Executive Officer of Lennar, said, "In the course of our fourth quarter, the housing market that appeared to be improving as the Fed cut short-term interest rates, proved to be far more challenging as mortgage rates rose almost 100 basis points through the quarter. Even while demand remained strong, and the chronic supply shortage continued to drive the market, our results were driven by affordability limitations from higher interest rates." "Accordingly, in our fourth quarter, sales pace lagged expectations as interest rates climbed and our new orders fell short of expectations to 16,895 homes vs the low end of our guidance of 19,000 homes. Consistent with our strategy of matching sales pace with production, we adjusted sales price, incentives, and margin in order to re-ignite sales and actively manage inventory levels. We ended the quarter with two completed, unsold homes per community, which was within our historical range." "In the fourth quarter, earnings were $1.1 billion , or $4.06 per diluted share. We delivered 22,206 homes in the quarter and our average sales price, net of incentives, per home delivered was $430,000 in the fourth quarter, slightly down from last year. Our homebuilding gross margin in the fourth quarter was 22.1%, with SG&A expenses of 7.2%, resulting in a 14.9% net margin." "Driven by our consistent focus on cash flow, we constructively allocated capital while we continued to strengthen and fortify our balance sheet. During the quarter, we repurchased $521 million of our common stock, had no outstanding borrowings on our $2.9 billion revolving credit facility and cash of $4.7 billion , ending the quarter with homebuilding debt to total capital of 7.5%. With cash on hand exceeding our debt, and with overall liquidity of approximately $7.6 billion , our balance sheet remains extremely strong." "Against this backdrop, we continue to remain focused on our volume-based strategy of driving sales and cash flow while using margin as a shock absorber as we continue to migrate to an asset-light, land-light business model. This strategy is reflected in both the public filing of a registration statement on Form S-11 for the planned spin-off of Millrose Properties, Inc., as well as our previously announced acquisition of Rausch Coleman Homes as we focus on growing to drive affordability and fill the supply gap that is reflected in the marketplace." Jon Jaffe , Co-Chief Executive Officer and President of Lennar, said, "Operationally, our starts pace and sales pace were 4.6 homes and 4.2 homes per community in the fourth quarter, respectively, as we continue to move closer to an even flow operating model. Our cycle time was down to 138 days, or 14% lower year over year, as our production first focus has positively impacted our production times, while our inventory turn improved to 1.6 times reflecting broader efficiencies. Concurrently, the Lennar Marketing and Sales Machine continued to carefully match our sales pace to our production pace using our digital marketing and dynamic pricing models." "During the quarter, we continued the migration to our land light strategy. This was evidenced by our years supply of owned homesites improving to 1.1 years from 1.4 years last year and our controlled homesite percentage increasing to 82% from 76% year over year, resulting in a return on inventory of 29.2%." Mr. Miller concluded, "As we look ahead, we expect to deliver between 17,000 and 17,500 homes for the first quarter of 2025 and between 86,000 and 88,000 homes for the full year 2025, including the impact of the Rausch Coleman acquisition. While we remain optimistic that margins will normalize as affordability normalizes and our cost structure benefits from our volume, we expect our gross margin in the first quarter to be between 19.0% and 19.25%, and at this time, we will not guide to full year gross margin until we have a better sense of market conditions as the year unfolds." RESULTS OF OPERATIONS THREE MONTHS ENDED NOVEMBER 30, 2024 COMPARED TO THREE MONTHS ENDED NOVEMBER 30, 2023 Homebuilding Revenues from home sales decreased 9% in the fourth quarter of 2024 to $9.5 billion from $10.4 billion in the fourth quarter of 2023. Revenues were lower primarily due to a 7% decrease in the number of home deliveries and a 3% decrease in the average sales price of homes delivered. New home deliveries decreased to 22,206 homes in the fourth quarter of 2024 from 23,795 homes in the fourth quarter of 2023. The average sales price of homes delivered was $430,000 in the fourth quarter of 2024, compared to $441,000 in the fourth quarter of 2023. The decrease in average sales price of homes delivered in the fourth quarter of 2024 compared to the same period last year was primarily due to pricing to market through an increased use of incentives and product mix. Gross margins on home sales were $2.1 billion , or 22.1%, in the fourth quarter of 2024, compared to $2.5 billion, or 24.2%, in the fourth quarter of 2023. During the fourth quarter of 2024, gross margins decreased primarily because revenue per square foot decreased while land costs increased year over year, which was partially offset by a decrease in costs per square foot due to lower costs of materials as the Company continued to focus on construction cost savings. Selling, general and administrative expenses were $682 million in the fourth quarter of 2024, compared to $688 million in the fourth quarter of 2023. As a percentage of revenues from home sales, selling, general and administrative expenses increased to 7.2% in the fourth quarter of 2024, from 6.6% in the fourth quarter of 2023, primarily due to less leverage as a result of both lower volume and average sales price. Financial Services Operating earnings for the Financial Services segment were $154 million in the fourth quarter of 2024, compared to $168 million in the fourth quarter of 2023. The decrease in operating earnings was primarily due to lower profit per loan in the Company's mortgage business. Other Ancillary Businesses Operating loss for the Multifamily segment was $0.2 million in the fourth quarter of 2024, compared to operating loss of $12 million in the fourth quarter of 2023. Operating earnings for the Lennar Other segment were $0.5 million in the fourth quarter of 2024, compared to an operating loss of $125 million in the fourth quarter of 2023. The Lennar Other operating earnings for the fourth quarter of 2024 were primarily due to positive mark-to-market adjustments of $13 million on the Company's publicly traded technology investments, which was partially offset by other operating losses. The Lennar Other operating loss for the fourth quarter of 2023 was primarily due to negative mark-to-market adjustments of $36 million on the Company's publicly traded technology investments and a $65 million write-off of one of the Company's non-public technology investments. Tax Rate For the quarters ended November 30, 2024 and 2023, the Company had a tax provision of $358 million and $417 million , which resulted in an overall effective income tax rate of 24.6% and 23.4%, respectively. For both periods, the Company's effective income tax rate included state income tax expense and non-deductible executive compensation, partially offset by tax credits. The increase in the effective tax rate from the prior year for the three months ended November 30, 2024 was primarily due to additional state income tax expense. OTHER TRANSACTIONS Credit Facility In November 2024 , the Company amended and restated the credit agreement governing its unsecured revolving credit facility (the "Credit Facility") to, among other things, increase the lenders' commitments to $2.875 billion until May 2027 when this amount will be reduced to $2.650 billion until final maturity in November 2029 . As of November 30, 2024 , there were no outstanding borrowings under the Credit Facility. Share Repurchases During the fourth quarter of 2024, the Company repurchased 3 million shares of its common stock for $521 million at an average per share price of $173.79 . Liquidity At November 30, 2024, the Company had $4.7 billion of Homebuilding cash and cash equivalents and no outstanding borrowings under its $2.9 billion Credit Facility, thereby providing approximately $7.6 billion of available capacity. Guidance The following are the Company's expected results of its homebuilding and financial services activities: About Lennar Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar's homes and, through LMF Commercial, originates mortgage loans secured primarily by commercial real estate properties throughout the United States . Lennar's Multifamily segment is a nationwide developer of high-quality multifamily rental properties. LEN X drives Lennar's technology, innovation and strategic investments. For more information about Lennar, please visit www.lennar.com . Note Regarding Forward-Looking Statements: Some of the statements in this press release are "forward-looking statements," as that term is defined in the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the homebuilding market and other markets in which we participate, as well as our expected results and guidance. You can identify forward-looking statements by the fact that these statements do not relate strictly to historical or current matters. Rather, forward-looking statements relate to anticipated or expected events, activities, trends or results. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties inherent in our business that could cause actual results and events to differ materially from those anticipated by the forward-looking statements. We wish to caution readers not to place undue reliance on any forward-looking statements, which are expressly qualified in their entirety by this cautionary statement and speak only as of the date made. Important factors that could cause differences between anticipated and actual results include slowdowns in real estate markets in regions where we have significant Homebuilding or Multifamily development activities; decreased demand for our homes, or for Multifamily rental apartments or single family homes; the potential impact of inflation; the impact of increased cost of mortgage financing for homebuyers, increased or continued high interest rates or increased competition in the mortgage industry; supply shortages and increased costs related to construction materials, including lumber, and labor; the possibility that increased tariffs will increase the cost of production materials; cost increases related to real estate taxes and insurance; the effect of increased interest rates with regard to our funds' borrowings on the willingness of the funds to invest in new projects; reductions in the market value of our investments in public companies; natural disasters or catastrophic events for which our insurance may not provide adequate coverage; our inability to successfully execute our strategies and our planned spin-off on the timelines expected or at all; a decline in the value of the land and home inventories we maintain and resulting possible future writedowns of the carrying value of our real estate assets; the forfeiture of deposits related to land purchase options we decide not to exercise; the effects of public health issues such as a major epidemic or pandemic that could have a negative impact on the economy and on our businesses; possible unfavorable outcomes in legal proceedings; conditions in the capital, credit and financial markets; harm to our business from information technology failures and data security breaches; changes in laws, regulations or the regulatory environment affecting our business; policy changes that may be introduced by the new administration that could affect economic conditions, tax regimes and regulatory frameworks, and the other risks and uncertainties described in our filings from time to time with the Securities and Exchange Commission, including those included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our most recent Annual Report on Form 10-K filed on January 26, 2024 , as amended by our Annual Report on Form 10-K/A filed on April 25, 2024 , and Quarterly Reports on Form 10-Q. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. A conference call to discuss the Company's fourth quarter earnings will be held at 11:00 a.m. Eastern Time on Thursday , December 19, 2024. The call will be broadcast live on the internet and can be accessed through the Company's website at investors.lennar.com. If you are unable to participate in the conference call, the call will be archived at investors.lennar.com for 90 days. A replay of the conference call will also be available later that day by calling 203-369-0176 and entering 5723593 as the confirmation number. Contact: Ian Frazer Investor Relations Lennar Corporation (305) 485-4129 SOURCE Lennar Corporation
The Senate approved the Investments and Securities (Repeal and Enactment) Bill 2024 for its third reading on Wednesday. The passage followed the consideration and adoption of recommendations presented by the Senate Committee on Capital Market, chaired by Senator Osita Izunaso (APC, Imo West). According to the committee’s report, the bill, once enacted, will designate the Securities and Exchange Commission as the apex regulatory authority for Nigeria’s Capital Market. The proposed legislation is designed to align with global best practices in investments and securities. Its objectives include safeguarding the integrity of the securities market, preventing market abuse, insider trading, and other fraudulent trade practices while ensuring fair and lawful operations. The committee’s report stated, “Despite its revolutionary impact at inception, the existing law now requires substantial updates to keep pace with the evolving financial markets and global regulatory frameworks, thereby making it more appealing to local and international investors. “The proposed legislation will foster significant growth in the capital market, drive diversification, and create a conducive environment for investors in Nigeria’s capital market. Related News FG pledges to tighten fintech regulations NASD urges compliance with SEC rules Capital market operators get new registration requirement “It aims to address modern financial malpractices, reinforce investor protection through robust regulations against market abuse, and insider trading, and enhance governance standards for publicly traded companies.” The bill also proposes a regulatory framework for digital currencies and fintech activities, including oversight of blockchain and cryptocurrency transactions, to integrate innovative technologies into the capital market. Further provisions include a clear delineation of roles among regulatory bodies to enhance transparency and reduce overlaps, thereby improving the SEC’s operational efficiency. Support for the introduction and regulation of diversified financial instruments such as derivatives, Exchange Traded Funds, and other advanced products to deepen the market and meet diverse investor needs. Measures to drive growth and diversification in the capital market, contributing to economic expansion and job creation. Following a clause-by-clause consideration, the Senate passed the bill for a third reading.Scary truth about Australia’s housing crisis - news.com.au
PM Trudeau attends Taylor Swift concert with family in TorontoPrime Minister Narendra Modi described the victory secured by the BJP and its allies in Maharashtra and substantial victories in bypolls in several States as one for “unity” and the spirit behind the slogan ‘ek hain toh safe hain’ (united we remain safe). The slogan, coined by Prime Minister Modi just before the advent of the Maharashtra Assembly campaign, spoke to the BJP’s call against the fragmentation of votes on the basis of castes, which cost the party heavily, along with the Opposition’s narrative that the BJP wanted a thumping majority in the Lok Sabha polls to make radical changes in the Constitution. Maharashtra election results 2024: LIVE coverage “The people of Maharashtra have loudly affirmed the spirit behind ‘ek hai toh safe hai’ . This slogan has defeated those who sought to divide society into castes, religion, language, and handed out punishment to those who sought to divide society. It is a strong attack on the Congress and its ecosystem that wants to divide society,” he said during an address to BJP workers at the party headquarters after Saturday’s results. “It is a victory of vikasvaad (development), good governance, true social justice and the defeat of lies, cunning and betrayal. Divisive forces, negative politics and dynasticism was defeated,” he further said, attributing the NDA’s victory to the support of women, youth and farmers. In a strong attack on the Congress, he said the Opposition party and the Gandhi family had “in their lust for power” shattered the spirit of panth nirpekshta (treating all denominations as equals) that was enshrined in the Constitution. “They espoused fake secularism, and destroyed the tradition of panth nirpekshta , sowing the seeds of appeasement and a betrayal of the Constituent Assembly of India. They have betrayed the Constitution,” he said. Mr. Modi said the Congress had “betrayed” even the Supreme Court for appeasement politics, and a prime example was the Waqf Act. “The Constitution does not have any place for the Waqf Act, but the Congress enacted this for appeasement to safeguard their vote bank,” he said. The NDA government at the Centre has moved several amendments to the Waqf Act and the Bill is now before a Joint Committee of Parliament. A big part of the Maharashtra campaign had been the Maha Vikas Aghadi’s opposition to several projects in the State and in the capital Mumbai including a project to redevelop Dharavi by the Adani Group. The Prime Minister, without taking names, said the Congress’s “urban naxalism” was “a danger to the country” with “the remote control being outside the country”. Young and professional classes have to understand the reality of the Congress, he said. “The poor and middle classes in urban areas, all have reposed their faith in BJP and given a clear message. They want a modern India of world-class cities, and has rejected those presented roadblocks to development be it metro projects, electric buses, coastal roads, airports, sanitation, etc,” he said. The other big message of the mandate, he said, was that across the country, only one Constitution, that of India, framed by B.R. Ambedkar was acceptable. “Whoever, whether manifestly or covertly, talks of two Constitutions, will be rejected by the people,” he said, in reference to efforts by the newly-sworn in government of Jammu and Kashmir passing a resolution to restore Article 370, terming it “an insult to the Constitution”. “No power on earth can bring back Article 370. This poll in Maharashtra has exposed the hypocrisy of the MVA and INDIA bloc,” he said. He said the people had addressed the “betrayal” of the Shiv Sena (UBT) in breaking its alliance with the BJP in 2019, and that the Congress, the Shiv Sena (UBT) ally, had exposed the alliance’s inorganicness in never praising Shiv Sena founder Bal Thackeray or RSS ideologue V.D. Savarkar through these years. Published - November 23, 2024 10:30 pm IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit Maharashtra Assembly Elections 2024 / Maharashtra / Narendra Modi / Bharatiya Janata Party
EDMONTON — Alberta election officials say they are working to get the word out as they deal with a Canada Post strike ahead of a Christmas-week byelection in Lethbridge-West. Because of the postal workers’ strike, Elections Alberta cannot send “Where to Vote” cards to voters, and it says special mail-in ballots must be shipped through a courier service or dropped off in person ahead for the Dec. 18 vote. The office has a plan in motion to get the word out using print, radio, media and online ads, and by distributing flyers across the riding with general information. Winter weather also threatens to be a factor. The last time an Alberta byelection was held so close to Christmas was on Dec. 14, 2017. The vote will fill a vacancy created in the summer when NDP Lethbridge-West legislature member Shannon Phillips resigned. This report by The Canadian Press was first published Nov. 27, 2024. Lisa Johnson, The Canadian PressHappy Birthday for Thursday, Nov. 28, 2024: You are complex. You are playful, warm and friendly, but you are also intense and impulsive. You care. This is a slower paced year. Focus on your closest relationships and make sure you are with people who have your back. Take time to rejuvenate yourself. The stars show the kind of day you’ll have: 5-Dynamic; 4-Positive; 3-Average; 2-So-so; 1-Difficult ARIES (March 21-April 19)  Be patient with children and young people in the morning, because they might annoy you or test you in some way, especially by refusing to accept responsibility for something. Or perhaps their values differ from yours. Tonight: Welcome support. TAURUS (April 20-May 20)  Minor disputes or spats with partners, spouses and close friends might occur this morning. This is natural if there is tension in the air. Fortunately, these people will help and support you later in the day. Tonight: Agreement. GEMINI (May 21-June 20)  Squabbles about work, duties and possibly a pet might annoy you this morning. Nevertheless, after this happens, you will be productive in all your efforts because you’re willing to do whatever is necessary to make things work. In fact, it will all unfold with dignity and tradition. Tonight: You’re organized. CANCER (June 21-July 22)  Difficulties with your kids or younger people who are present might be a challenge this morning. For some of you, this difficulty will be with a romantic partner. Fortunately, this is temporary. The rest of the day will be a delight in pageantry and tradition that all will welcome. Tonight: Socialize! LEO (July 23-Aug. 22)  In your zeal to make this day unfold according to your hopes and plans, you might be at odds with a parent or a family member this morning. Let this go. Move on. In fact, everyone will respect traditional ways of doing things and be willing to put their wishes second to the needs of the group. Tonight: Relax. VIRGO (Aug. 23-Sept. 22)  You might feel irritated this morning because you have a lot on your plate. Unexpected guests or news from family members you haven’t seen for a while might catch you off guard. Fortunately, you will rise to the task and keep things orderly and practical. Planning always pays off. Tonight: Conversations! LIBRA (Sept. 23-Oct. 22)  Morning squabbles with a friend or a group, perhaps about money or possessions, might irritate you. Fortunately, whatever the problem is it will be resolved. Later in the day, you feel calm, in control and capable of running everything smoothly. Tonight: Everything’s orderly. SCORPIO (Oct. 23-Nov. 21)  Someone might challenge you this morning, especially an authority figure who tries to get in your way. (Bad move.) Later in the day, things will flow smoothly, and you will take on chores and duties with grace and a willing acceptance of duty. Tonight: You win! SAGITTARIUS (Nov. 22-Dec. 21)  Ignore worries and challenges with travel or controversial politics this morning. Everything will come together in one way or another. By the end of the day, with the sun in your sign and your strong sense of duty, you will be pleased with how this day unfolds. Tonight: Quiet times. CAPRICORN (Dec. 22-Jan. 19)  Squabbles about shared values, shared costs and inheritances might be a challenge to your morning. However, there is no sign that reveres tradition more than you. Furthermore, you have unwavering family values. Tonight: Friendships. AQUARIUS (Jan. 20-Feb. 18)  Don’t let morning squabbles with partners, friends, parents or bosses ruin your day. It’s not going to happen. Au contraire! Today you will be respected because of the unflagging energy and support you are giving to everyone. You will spare no effort. Tonight: You’re noticed. PISCES (Feb. 19-March 20)  Steer clear of controversial subjects or travel problems this morning. You need to stay calm and clear today, which you will, because you’re willing to put your own comfort second so that everything comes off in a way that pleases everyone. Tonight: Explore! — King Features Syndicate Get local news delivered to your inbox!
Sharon Stone reflects on brain hemorrhage in emotional message to younger self
Prospera Financial Services Inc lessened its stake in shares of Becton, Dickinson and Company ( NYSE:BDX – Free Report ) by 2.9% in the third quarter, HoldingsChannel reports. The firm owned 3,332 shares of the medical instruments supplier’s stock after selling 99 shares during the quarter. Prospera Financial Services Inc’s holdings in Becton, Dickinson and Company were worth $804,000 at the end of the most recent reporting period. Several other institutional investors have also recently added to or reduced their stakes in BDX. Livelsberger Financial Advisory purchased a new stake in shares of Becton, Dickinson and Company during the third quarter worth about $26,000. Ashton Thomas Securities LLC acquired a new stake in Becton, Dickinson and Company during the third quarter worth approximately $33,000. Tompkins Financial Corp grew its stake in Becton, Dickinson and Company by 44.2% in the 3rd quarter. Tompkins Financial Corp now owns 150 shares of the medical instruments supplier’s stock worth $36,000 after acquiring an additional 46 shares during the period. Sound Income Strategies LLC raised its holdings in Becton, Dickinson and Company by 35.8% in the 3rd quarter. Sound Income Strategies LLC now owns 167 shares of the medical instruments supplier’s stock valued at $40,000 after acquiring an additional 44 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Becton, Dickinson and Company during the 2nd quarter worth $45,000. Institutional investors and hedge funds own 86.97% of the company’s stock. Analyst Upgrades and Downgrades Several equities analysts recently commented on the company. Stifel Nicolaus upped their target price on Becton, Dickinson and Company from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Evercore ISI upped their price objective on shares of Becton, Dickinson and Company from $286.00 to $290.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. Raymond James decreased their target price on shares of Becton, Dickinson and Company from $275.00 to $270.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. StockNews.com raised shares of Becton, Dickinson and Company from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. Finally, Citigroup upgraded shares of Becton, Dickinson and Company from a “neutral” rating to a “buy” rating and lifted their price target for the company from $255.00 to $275.00 in a report on Tuesday, October 1st. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $283.00. Becton, Dickinson and Company Trading Down 0.6 % Shares of BDX stock opened at $224.00 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.17 and a debt-to-equity ratio of 0.69. Becton, Dickinson and Company has a fifty-two week low of $218.75 and a fifty-two week high of $249.89. The firm’s 50 day moving average price is $235.15 and its two-hundred day moving average price is $234.56. The stock has a market cap of $64.74 billion, a price-to-earnings ratio of 37.71, a price-to-earnings-growth ratio of 1.66 and a beta of 0.43. Becton, Dickinson and Company ( NYSE:BDX – Get Free Report ) last posted its earnings results on Thursday, November 7th. The medical instruments supplier reported $3.81 earnings per share for the quarter, beating the consensus estimate of $3.77 by $0.04. Becton, Dickinson and Company had a net margin of 8.55% and a return on equity of 14.89%. The business had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.38 billion. During the same quarter in the previous year, the business posted $3.42 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts anticipate that Becton, Dickinson and Company will post 14.43 EPS for the current year. Becton, Dickinson and Company Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 9th will be given a $1.04 dividend. This is an increase from Becton, Dickinson and Company’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Monday, December 9th. This represents a $4.16 annualized dividend and a dividend yield of 1.86%. Becton, Dickinson and Company’s dividend payout ratio is presently 63.97%. Becton, Dickinson and Company Profile ( Free Report ) Becton, Dickinson and Company develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products for healthcare institutions, physicians, life science researchers, clinical laboratories, pharmaceutical industry, and the general public worldwide. The company operates in three segments: BD Medical, BD Life Sciences, and BD Interventional. Further Reading Want to see what other hedge funds are holding BDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Becton, Dickinson and Company ( NYSE:BDX – Free Report ). Receive News & Ratings for Becton Dickinson and Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Becton Dickinson and Company and related companies with MarketBeat.com's FREE daily email newsletter .Stock market today: Wall Street rises with Nvidia as bitcoin bursts above $99,000
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