Apple Unveils Final Cut Pro, Logic Pro For IPad For Video, Music Creators

Denver police offering reward for tips in fatal East Colfax shooting

Denver police are asking for the public to help identify a suspect in the shooting death of a teenager, and a $2,000 reward is being offered for information leading to an arrest and conviction.

Aerris Mayberry, 14, was shot about 1:35 a.m. March 18 in the 1900 block of Ulster Street, according to investigators. A juvenile male victim was taken to a hospital in critical condition at the time of the double shooting.

Anyone with information on the shooting is asked to contact Metro Denver Crime Stoppers at 720-913-7867 (STOP).

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Occidental Petroleum Corp. Q1 Profit Decreases, misses estimates

Occidental Petroleum Corp. (OXY) announced earnings for first quarter that decreased from last year and missed the Street estimates.

The company’s earnings came in at $983 million, or $1.00 per share. This compares with $4.68 billion, or $4.65 per share, in last year’s first quarter.

Excluding items, Occidental Petroleum Corp. reported adjusted earnings of $1.07 billion or $1.09 per share for the period.

Analysts on average had expected the company to earn $1.24 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 14.9% to $7.26 billion from $8.53 billion last year.

Occidental Petroleum Corp. earnings at a glance (GAAP) :

-Earnings (Q1): $983 Mln. vs. $4.68 Bln. last year.
-EPS (Q1): $1.00 vs. $4.65 last year.
-Analyst Estimates: $1.24
-Revenue (Q1): $7.26 Bln vs. $8.53 Bln last year.

Ambac Financial Group Inc. Q1 Earnings Summary

Below are the earnings highlights for Ambac Financial Group Inc. (AMBC):

Earnings: -$33.4 million in Q1 vs. $2.0 million in the same period last year.
EPS: -$0.73 in Q1 vs. $0.04 in the same period last year.
Excluding items, Ambac Financial Group Inc. reported adjusted earnings of -$13.8 million or -$0.30 per share for the period.

MannKind Corp. Q1 Loss decreases, beats estimates

MannKind Corp. (MNKD) reported Loss for first quarter that decreased from the same period last year and beat the Street estimates.

The company’s earnings came in at -$9.79 million, or -$0.04 per share. This compares with -$25.99 million, or -$0.10 per share, in last year’s first quarter.

Analysts on average had expected the company to earn -$0.05 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 238.9% to $40.63 million from $11.99 million last year.

MannKind Corp. earnings at a glance (GAAP) :

-Earnings (Q1): -$9.79 Mln. vs. -$25.99 Mln. last year.
-EPS (Q1): -$0.04 vs. -$0.10 last year.
-Analyst Estimates: -$0.05
-Revenue (Q1): $40.63 Mln vs. $11.99 Mln last year.

Lincoln National Corp. Q1 Earnings Summary

Below are the earnings highlights for Lincoln National Corp. (LNC):

Earnings: -$0.91 billion in Q1 vs. $1.48 billion in the same period last year.
EPS: -$5.37 in Q1 vs. $8.39 in the same period last year.
Excluding items, Lincoln National Corp. reported adjusted earnings of $260 million or $1.52 per share for the period.

Revenue: $3.81 billion in Q1 vs. $4.72 billion in the same period last year.

Microvision Inc. Q1 loss increases in line with estimates

Microvision Inc. (MVIS) announced Loss for its first quarter that increased from the same period last year in line with the Street estimates.

The company’s bottom line came in at -$19.03 million, or -$0.11 per share. This compares with -$13.17 million, or -$0.08 per share, in last year’s first quarter.

Analysts on average had expected the company to earn -$0.11 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 122.9% to $0.78 million from $0.35 million last year.

Microvision Inc. earnings at a glance (GAAP) :

-Earnings (Q1): -$19.03 Mln. vs. -$13.17 Mln. last year.
-EPS (Q1): -$0.11 vs. -$0.08 last year.
-Analyst Estimate: -$0.11
-Revenue (Q1): $0.78 Mln vs. $0.35 Mln last year.

Apple Unveils Final Cut Pro, Logic Pro For IPad For Video, Music Creators

Tech major Apple unveiled Final Cut Pro and Logic Pro for iPad with powerful features to deliver the ultimate mobile studio for video and music creators.

Beginning Tuesday, May 23, Final Cut Pro and Logic Pro for iPad will be available on the App Store as subscriptions.

Final Cut Pro and Logic Pro for iPad will each be available on the App Store for $4.99 per month or $49 per year with a one-month free trial.

The compny noted that these Pro apps bring all-new touch interfaces that allow users to enhance their workflows with the immediacy and intuitiveness of Multi-Touch.

Final Cut Pro for iPad offers a powerful set of tools for video creators to record, edit, finish, and share, all from one portable device. Further, Logic Pro for iPad for professional music creation comes with a complete collection of sophisticated tools for songwriting, beat making, recording, editing, and mixing.

Final Cut Pro is compatible with M1 chip iPad models or later, and Logic Pro will be available on A12 Bionic chip iPad models or later. Apple noted that Final Cut Pro for iPad and Logic Pro for iPad require iPadOS 16.4.

Bob Borchers, Apple’s vice president of Worldwide Product Marketing, said, “We’re excited to introduce Final Cut Pro and Logic Pro for iPad, allowing creators to unleash their creativity in new ways and in even more places. With a powerful set of intuitive tools designed for the portability, performance, and touch-first interface of iPad, Final Cut Pro and Logic Pro deliver the ultimate mobile studio.”