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Business News Roundup
You're listening to the spoken edition of the San Francisco Chronicle. Business. News roundup by chronicle news services from business agile agile int- AGI Elian T technologies on Monday reported fiscal fourth quarter profit of one hundred ninety five million dollars. The Santa Clara company said that its earnings suggested for one time gains and costs came to eighty one cents per share. The results beat Wall Street expectations of seventy three cents per share. The scientific instrument maker posted revenue of one point two nine billion dollars in the period, which also beat street forecasts for the year Angela reported profit of three hundred sixteen million dollars or ninety seven cents per share revenue was reported as four point nine one billion dollars for the current quarter ending in February agile, it expects its per share earnings to range from seventy one cents to seventy three cents. The company said it expects revenue in the range of one point two six billion dollars. To one point two eight billion dollars for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue up one point two eight billion dollars agile and expects full year earnings in the range of three dollars to three dollars five cents per share with revenue ranging from five point one three billion dollars to five point one seven billion dollars into it into it said Monday that it had a fiscal first quarter net income of thirty four million dollars after reporting a loss in the same period a year earlier, the Mountain View companies earnings suggested for one time gains and costs were twenty nine cents per share. The results surpassed Wall Street expectations which were for earnings of eleven cents per share, the maker of turbo tax QuickBooks and other accounting software posted revenue of one point zero two billion dollars also topping forecasts for the current quarter ending in February into it expects its per share earnings to range from eighty five to eighty eight cents. The company said it expects revenue in the rain. Range of one point four seven billion dollars to one point four nine billion dollars for the fiscal second quarter.
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Morning Brief for Wednesday, November 14th
Technology today has never been smarter. But smart only matters when you put it to good use together, we can build a smarter future for all of us. Let's put smart to work. Find out how at IBM dot com slash smart. I'm Anne Marie for totally in the newsroom at the Wall Street Journal, the consumer price index and core CPI for the month of October are out on Wednesday. Plus Macy's Charles Schwab. And blue apron report earnings ahead of blue Apron's report the company announced its laying off about four percent of its workforce or one hundred workers as it struggles to turn a profit since going public last year the company's stock is down seventy percent this year. We work says Japanese conglomerate SoftBank its biggest investor is committing an additional three billion dollars to the company bringing its valuation up to forty five billion dollars. According to Dow Jones venture source that makes it the second most valuable US startup after Uber. More than ten thousand Amazon employees are working on its Alexa, virtual assistant and echo devices. That's according to David limp senior vice president of Amazon devices speaking at the journal's tech de live conference this week for more. Details had to W S J dot com or the w s j app.
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25 Years After The Northridge Earthquake, Is LA Ready For The Big One?
Support for this NPR podcast and the following message. Come from the UPS store, offering services from shredding to printing to mailbox ING and instead of closing this holiday. The UPS store is doing another ING altogether. Opening the UPS store every ING for small business. And of course, shipping twenty five years ago today here in Los Angeles at four thirty in the morning. The six point seven magnitude Northridge earthquake hit fifty seven people died as this area. Went dark freeways were destroyed buildings collapsed. It was one of the costliest disasters in US history causing over forty billion dollars in damages. Los Angeles was caught unprepared. And decades later there are still questions being asked about whether they are ready for the next one KPCC's. Jacob more goals has been looking into this for a new podcast called the big one your survival guide, which is supposed to do what it suggests it is to help people in southern California. Get ready for the. Big one and also show how people might not be as prepared as they think. Jacob welcome. Hey, thanks for having me. Let's just dig into this moment. Looking back twenty five years ago for people who are not familiar with L A M. And can you just put in context how big a deal north which was? Yes. So imagine you're laying in your bed. It's four thirty in the morning, presumably, you're sound asleep. And all of a sudden this random force of nature that no one had predicted just rips you from it you head outside. You see your neighbors milling about in kind of the dawn light as it starts to break. And they look like looks like a scenario from the Walking Dead. And as the sun comes up, you can actually start to survey the damage I talked to my dad about it. Because I was a young at the time and asked him what he saw that day, and he actually left me. No, I remember driving down one of the main streets, and there were broken gas lines as well as broken water lines. There were also flames coming out of the water, very surreal, you know, burning water. I mean, how often do you see that? Well, that's an image. Absolutely. It was chaos and the entire time. You're trying to recover from the quake. There's these aftershocks rolling through one after the other. So there's this really deep feeling some sort of like unknowable force just upsetting your life. Well, I mean, clearly that was so destructive. You know, I'm afraid to ask. But talk about exactly what scientists are predicting in terms of the next big quake air, there's an infinite number of scenarios. But one of the most studied is a possible. Seven point eight magnitude quake on the San Andreas fault. And I ask seismologist Lucy Jones who has the lead author for the shakeout report which studied specifically that about the quake, and how it compared to Northridge Northridge wasn't event that disrupted our community for a year or two the big San Andreas earthquake is going to disrupt the lives of everybody in southern California. And it could take decades to recover what we lose so seven point eight verses six. Point seven, which is what we saw Northridge. We're talking about forty four times stronger than back in one thousand nine hundred forty four times. I mean, a we she said disrupting the lives of people for years. I mean, we're talking about almost destroying much of Los Angeles. It's going to take a lot to recover any. We're looking at possibly eighteen hundred people could die thousands could be injured big buildings could collapse roads in and out of the area. Could be impassable. We could suffer losses in the hundreds of billions. And the most scary to me are the fires that are gonna be caused by electrical and gas problems, which could spread just across the cities. And it's going to take forty eight to seventy two hours to get outside help in. There will not be enough emergency responders to fight all those fires and to help all the people that need help. And so that period of time to me is one of the scariest. Well, I guess the real question Jacob is how ready is Los Angeles for something. Like that. Did did they learn a lot of good lessons from Northridge? They did. I mean, there's new building codes for Haas. Spitaels for freeways for certain apartment buildings as well as retrofit programs, and they're also working on improving really important things like our water system, which will crack in break when the big one rolls through most likely that said we have a long way to go and overall I think especially on the individual level people are very unprepared. KPCC's Jacob Margolis is hosted the new podcast the big one your survival guide. Jacob. Thanks. Thanks so much support for this podcast and the following message. Come from Comcast business having the nation's largest gig speed network was just the start. Now, they're providing gig fueled apps and solutions that exceed expectations and help businesses perform Comcast business beyond fast.