Iron Mountain Guides FY20 Adj. EPS In Line With Estimates – Quick Facts

Don Lemon Exposes The Chilling Lesson Donald Trump Learned From His Acquittal

Don Lemon on Wednesday night revealed what he believes President Donald Trump took away from the GOP-controlled Senate’s vote to acquit him on impeachment charges stemming from the Ukraine scandal.

The “CNN Tonight” host suggested Trump learned “to go farther the next time.”

Lemon noted how the “emboldened” president has in the week since his acquittal “blasted members of his own party who dared to cross him, fired impeachment witnesses who dared to tell the truth under oath” and is now “congratulating his ever-enabling Attorney General” William Barr for “smacking down four career prosecutors who dared to recommend Trump ally Roger Stone should spend up to nine years in prison.”

And he warned Trump is “not done yet.”

Check out the clip here:

Gold Prices Inch Higher As New Virus Cases Surge

Gold prices gained ground Thursday on safe-haven demand after the number of deaths and new cases from China’s coronavirus outbreak rose dramatically – fueling speculation that the severity of the outbreak has been under-reported.

Some 242 deaths from the new coronavirus were recorded in the Chinese province of Hubei on Wednesday. There was also a huge increase in the number of cases, with 14,840 people diagnosed with the virus.

Officials in Hubei said they were broadening their definition for COVID-19 cases by including people “clinically diagnosed” with the virus in the daily tally.

The sudden increase in number of cases in the Hubei province and the fastest rise in the daily death count since the outbreak boosted demand for traditional safe-haven assets, including gold.

Spot gold rose 0.6 percent to $1,574.43 per ounce, while U.S. gold futures were up 0.4 percent at $1,577.45.

The euro sunk to its lowest in 21/2 years against the dollar in European trade after Eurozone industrial production output data for December came in below expectations and pointed to the sharpest decline in over 10 years.

Canadian Tire Corp. Q4 adjusted earnings Beat Estimates

Canadian Tire Corp. (CTC.TO) announced earnings for its fourth quarter that advanced from the same period last year.

The company’s bottom line totaled C$365.9 million, or C$5.42 per share. This compares with C$278.2 million, or C$3.99 per share, in last year’s fourth quarter.

Excluding items, Canadian Tire Corp. reported adjusted earnings of C$372.4 million or C$5.53 per share for the period.

Analysts had expected the company to earn C$5.4 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 4.6% to C$4.32 billion from C$4.13 billion last year.

Canadian Tire Corp. earnings at a glance:

-Earnings (Q4): C$372.4 Mln. vs. C$328.2 Mln. last year.
-EPS (Q4): C$5.53 vs. C$4.78 last year.
-Analysts Estimate: C$5.4
-Revenue (Q4): C$4.32 Bln vs. C$4.13 Bln last year.

PepsiCo profit inches past estimate as it increases dividend by 7%

PepsiCo reported a sharp decline in fourth-quarter profit as the beverage and snack maker forecast earnings growth for 2020. PepsiCo PEP, +0.00% said fourth-quarter net income fell to $1.77 billion, or $1.26 a share, from $6.85 billion, or $4.83 a share, after seeing a big tax boost in the year-earlier quarter. Revenue rose 5.7% to $20.64 billion from $19.52 billion, and Pepsi said its organic revenue growth was 4.3%. Pepsi’s core EPS of $1.45 a share was a penny ahead of the FactSet-compiled estimate of $1.44, and its revenue topped the $20.25 billion consensus. For 2020, PepsiCo expects 7% growth in adjusted EPS and 4% organic revenue growth. PepsiCo said it’s increasing its dividend by 7% to $4.09 a share as total cash returns to shareholders is estimated to be $7.5 billion, with $5.5 billion coming from dividends and $2 billion from stock buybacks.

GOP Group Targets Donald Trump With ‘Roger Stone Shouldn’t Be Above The Law’ Ad

Conservative group Republicans for the Rule of Law hits President Donald Trump with a legal reminder in its latest attack ad.

The spot, released online by the anti-Trump group on Wednesday, calls out the president for vociferously complaining about the sentencing recommendation of his longtime ally Roger Stone to serve between seven and nine years behind bars following his felony convictions on a slew of charges stemming from former special counsel Robert Mueller’s Russia investigation.

The voiceover in the clip ― titled “Roger Stone shouldn’t be above the law” ― notes how Attorney General William Barr subsequently intervened to reduce Stone’s sentence, prompting the four prosecutors who ran the case to resign.

“The criminal justice system shouldn’t depend on being friends with the president,” the narrator concludes. “The law must apply the same to everyone.”

Check out the ad here:

The group earlier this week criticized Trump’s firing of Lt. Col. Alexander Vindman, who was a witness in the House’s impeachment investigation into Trump’s Ukraine misconduct, with this ad that aired on Fox News:

Iron Mountain Guides FY20 Adj. EPS In Line With Estimates – Quick Facts

While reporting financial results for the fourth quarter on Thursday, Iron Mountain Inc. (IRM) initiated its adjusted earnings and revenue guidance for the full-year 2020.

For fiscal 2020, the company now projects adjusted earnings in a range of $1.15 to 1.25 per share on revenues between $4.375 billion and $4.475 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.21 per share on revenues of $4.31 billion for the year. Analysts’ estimates typically exclude special items.

On Tuesday, Iron Mountain’s board of directors declared a quarterly cash dividend of $0.6185 per share for the first quarter, payable on April 6, 2020, for shareholders of record on March 16, 2020.