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Kansas coach Bill Self signs richest college basketball contract ever given by a public university

Published Mon, 23 Dec 2024 17:08:49 GMT

LAWRENCE, Kan. (AP) — Kansas coach Bill Self signed a lifetime contract Tuesday that will pay him $53 million over the first five years, easily surpassing Kentucky coach John Calipari for the richest deal ever given to a college basketball coach at a public university.Self will make more than $11 million this season in base pay, professional services and royalties along with a one-time signing bonus and retention payments, including some that were deferred amid the pandemic. At the conclusion of each year, another year is added to the deal, and Self will earn a one-time, $5 million retention bonus if he serves out the first five.The deal amends a similarly structured contract Self signed in 2021, and includes a provision allowing the renegotiation of terms after the 2025-26 season. Calipari’s deal with the Wildcats pays him $8.5 million this season.“Bill Self is undoubtedly the most consistent coach in college basketball, and a restructuring of his contract terms were long ove...

Personalis: Q3 Earnings Snapshot

Published Mon, 23 Dec 2024 17:08:49 GMT

FREMONT, Calif. (AP) — FREMONT, Calif. (AP) — Personalis Inc. (PSNL) on Tuesday reported a loss of $29.1 million in its third quarter.On a per-share basis, the Fremont, California-based company said it had a loss of 60 cents. Losses, adjusted for asset impairment costs, came to 51 cents per share.The provider of contract research and genomic information posted revenue of $18.2 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $17 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PSNL at https://www.zacks.com/ap/PSNLSource

Lucid Group: Q3 Earnings Snapshot

Published Mon, 23 Dec 2024 17:08:49 GMT

NEWARK, Calif. (AP) — NEWARK, Calif. (AP) — Lucid Group, Inc. (LCID) on Tuesday reported a loss of $630.9 million in its third quarter.The Newark, California-based company said it had a loss of 28 cents per share.The an electric vehicle automaker posted revenue of $137.8 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LCID at https://www.zacks.com/ap/LCIDSource

Business Highlights: WeWork seeks bankruptcy protection; Yellen blasts GOP bid to cut IRS funding

Published Mon, 23 Dec 2024 17:08:49 GMT

___WeWork seeks bankruptcy protection in stunning fall for a company once valued close to $50 billionNEW YORK (AP) — WeWork has filed for Chapter 11 bankruptcy protection. It marks a stunning but anticipated fall for the office sharing company once seen as a Wall Street darling that promised to upend the way people went to work around the world. WeWork says it entered into a restructuring support agreement with the majority of its stakeholders to “drastically reduce” its debt while further evaluating its commercial office lease portfolio. WeWork added that it is seeking to cancel leases in locations that WeWork described as largely non-operational. All affected WeWork members have received advanced notice.___Treasury’s Yellen calls Republican effort to cut IRS funding for Israel ‘damaging and irresponsible’WASHINGTON (AP) — The IRS commissioner says for the agency to keep building on its customer service and enforcement priorities it needs a reliable funding stream. IRS Commissioner...

Inspire: Q3 Earnings Snapshot

Published Mon, 23 Dec 2024 17:08:49 GMT

GOLDEN VALLEY, Minn. (AP) — GOLDEN VALLEY, Minn. (AP) — Inspire Medical Systems Inc. (INSP) on Tuesday reported a loss of $8.5 million in its third quarter.On a per-share basis, the Golden Valley, Minnesota-based company said it had a loss of 29 cents.The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 53 cents per share.The maker of devices for treating obstructive sleep apnea posted revenue of $153.3 million in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $156.1 million.Inspire expects full-year revenue in the range of $608 million to $612 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INSP at https://www.zacks.com/ap/INSPSource

Toast: Q3 Earnings Snapshot

Published Mon, 23 Dec 2024 17:08:49 GMT

BOSTON (AP) — BOSTON (AP) — Toast Inc. (TOST) on Tuesday reported a loss of $31 million in its third quarter.On a per-share basis, the Boston-based company said it had a loss of 9 cents.The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.The restaurant software provider posted revenue of $1.03 billion in the period, meeting Street forecasts.For the current quarter ending in December, Toast said it expects revenue in the range of $1 billion to $1.03 billion.The company expects full-year revenue in the range of $3.83 billion to $3.86 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TOST at https://www.zacks.com/ap/TOSTSource

Power Integrations: Q3 Earnings Snapshot

Published Mon, 23 Dec 2024 17:08:49 GMT

SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Power Integrations Inc. (POWI) on Tuesday reported third-quarter net income of $19.8 million.The San Jose, California-based company said it had net income of 34 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 46 cents per share.The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.The maker of integrated circuits used for power conversion posted revenue of $125.5 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $130.8 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on POWI at https://www.zacks.com/ap/POWISource

Devon Energy: Q3 Earnings Snapshot

Published Mon, 23 Dec 2024 17:08:49 GMT

OKLAHOMA CITY (AP) — OKLAHOMA CITY (AP) — Devon Energy Corp. (DVN) on Tuesday reported third-quarter net income of $910 million.On a per-share basis, the Oklahoma City-based company said it had net income of $1.42. Earnings, adjusted for non-recurring costs and pretax expenses, came to $1.65 per share.The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.56 per share.The oil and gas exploration company posted revenue of $3.84 billion in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $4.03 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DVN at https://www.zacks.com/ap/DVNSource

Tiger Woods to own and play for Florida team in TGL, his tech-infused golf league

Published Mon, 23 Dec 2024 17:08:49 GMT

Tiger Woods couldn’t be more involved with prime-time TGL unless he had built the arena. He helped develop the tech-infused golf league. He’s playing in it. And now he’s a team owner.Woods and his TGR Ventures and David Blitzer, the investor who has ownership in all four major U.S. sports leagues, were announced Tuesday as owners of Jupiter Links GC, the sixth and final team for the first-of-its-kind golf league that starts in January.Woods, Rory McIlroy and former Golf Channel president Mike McCarley are founding partners in TMRW Sports, the sports and entertainment company behind TGL.“Having the opportunity to not only compete, but also own a team to represent Jupiter is an exciting next chapter for me,” Woods said Tuesday.Woods referred to TGL as a “modern twist of traditional golf” that ultimately will make it more accessible by leaning the glitz of technology. Key to the modernization is playing in SoFi Center in Palm Beach Gardens, Florida, an arena that hold...

Collegium Pharmaceutical: Q3 Earnings Snapshot

Published Mon, 23 Dec 2024 17:08:49 GMT

STOUGHTON, Mass. (AP) — STOUGHTON, Mass. (AP) — Collegium Pharmaceutical Inc. (COLL) on Tuesday reported third-quarter net income of $20.6 million.The Stoughton, Massachusetts-based company said it had profit of 53 cents per share. Earnings, adjusted for one-time gains and costs, were $1.34 per share.The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.The specialty pharmaceutical company posted revenue of $136.7 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $139.5 million.Collegium Pharmaceutical expects full-year revenue in the range of $565 million to $570 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COLL at https://www.zacks.com/ap/COLLSource