Photographer Diego Uchitel tries again to sell Tribeca penthouse

TripAdvisor stock rises 8% after earnings

TripAdvisor Inc. TRIP, +2.15% shares rose more than 8% in the extended session Wednesday after the online travel agency reported adjusted earnings above consensus estimates. The company reported fourth-quarter net income of $15 million, or 11 cents a share, compared with $7 million, or 5 cents a share, in the year-ago period. Adjusted earnings were 38 cents a share. Revenue fell to $335 million from $346 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 14 cents a share on revenue of $334.6 million. For the first quarter, analysts model adjusted earnings of 34 cents a share on sales of $375 million. TripAdvisor stock has fallen 50% in the past year, with the S&P 500 index SPX, +0.65% rising 22%.

Bloom Energy stock falls after company says it provided incorrect revenue figures in recent years

Bloom Energy Corp. BE, +3.67% shares plunged more than 10% in late trading Wednesday after the company said that it will restate more than three years of financial statements due to miscalculations. Bloom said that it recognized revenue from certain customer contracts immediately instead of over the life of the contract, as rules require. The company said that the change will have a material effect on five quarters of results, from the second quarter of 2018 to the third quarter of 2019, and a smaller effect on previous quarters dating back to the beginning of 2016. In total, it is expected to decrease all revenue collected by Bloom from the beginning of 2016 through the third quarter of 2019 by less than 10%. Bloom, which offers energy systems powered by fuel cells, went public in July 2018. The company said it still plans to file its annual report by the end of the quarter, as required, and will report fourth-quarter results on or before March 16. Bloom gave some operational metrics for the quarter in its release, but no financial results except for cash balance at the end of the year, which increased $19 million from the end of the third quarter. Bloom also said it had filed an 8-K with the Securities and Exchange Commission with more information about the restatements, but that filing was not available on the SEC’s Edgar database as of publication. Bloom stock, which closed Wednesday with a 3.7% gain at $10.46, fell to less than $9.50 in after-hours trading.

CenturyLink, Inc. Q4 adjusted earnings Inline With Estimates

Below are the earnings highlights for CenturyLink, Inc. (CTL):

-Earnings: $223 million in Q4 vs. -$2412 million in the same period last year.
-EPS: $0.21 in Q4 vs. -$2.26 in the same period last year.
-Excluding items, CenturyLink, Inc. reported adjusted earnings of $352 million or $0.33 per share for the period.
-Analysts projected $0.33 per share
-Revenue: $5.57 billion in Q4 vs. $5.78 billion in the same period last year.

IMF stands ready to assist Lebanon with adviser, technical help: spokesman

WASHINGTON (Reuters) – The International Monetary Fund stands ready to provide advice and technical assistance to Lebanon in its efforts to avoid a financial collapse, a spokesman for the global lender said, confirming the government had asked for help.

“We stand ready to assist the authorities,” IMF spokesman Gerry Rice said in a statement. “Any decisions on debt are the authorities’, to be made in consultation with their own legal and financial advisers.”

IMF stands ready to assist Lebanon with adviser, technical help: spokesman

WASHINGTON (Reuters) – The International Monetary Fund stands ready to provide advice and technical assistance to Lebanon in its efforts to avoid a financial collapse, a spokesman for the global lender said, confirming the government had asked for help.

“We stand ready to assist the authorities,” IMF spokesman Gerry Rice said in a statement. “Any decisions on debt are the authorities’, to be made in consultation with their own legal and financial advisers.”

Argentina's Guzman says government not seeking to reduce primary fiscal deficit this year

BUENOS AIRES, Feb 12 (Reuters) – Argentine Economy Minister Martin Guzman said on Wednesday the government is not seeking to reduce its primary fiscal deficit this year.

Guzman, speaking to members of Congress, said the policies of the International Monetary Fund are responsible for Argentina’s current debt crisis.

The government has a firm willingness to pay its debts but “does not have the capacity to do so,” Guzman added. (Reporting by Hugh Bronstein; writing by Cassandra Garrison; editing by Chris Reese)

US STOCKS SNAPSHOT-Indexes hit record highs as virus fears ease

NEW YORK, Feb 12 (Reuters) – All three major U.S. stock indexes notched record closing highs on Wednesday as news the coronavirus could be running out of steam lifted investor optimism.

Based on the latest available data, the Dow Jones industrial average rose 274.32 points, or 0.94%, to 29,550.66, the S&P 500 gained 21.61 points, or 0.64%, to 3,379.36 and the Nasdaq Composite added 87.02 points, or 0.9%, to 9,725.96. (Reporting by Caroline Valetkevitch Editing by Chris Reese)

Photographer Diego Uchitel tries again to sell Tribeca penthouse

Fashion and celebrity photographer Diego Uchitel has relisted his Tribeca penthouse at 112 Franklin St. for $4.25 million. It was asking $5.25 million in 2011.

The Argentine photographer’s subjects have included Charlize Theron, Jennifer Lopez and Sarah Jessica Parker.

The condop is one of five units in the boutique white marble and cast iron building, which dates to 1867.

He bought the apartment for about $1.25 million in 2002 and recently gut-renovated the unit.

The two-bedroom home is 2,000 square feet. It features 13- to 16-foot ceilings, oversize moldings, a woodburning fireplace, a chef’s kitchen and a library that could be converted into a third bedroom.

Winding stairs lead to a 1,200-square-foot private roof deck with its own cupola.

The listing broker is Wendy Maitland, of Atelier by Wendy Maitland.