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SF-based Splunk to lay off 7% of workforce after Cisco acquisition announced

Published Mon, 24 Feb 2025 16:38:27 GMT

SAN FRANCISCO (KRON) -- San Francisco-based cybersecurity firm Splunk announced Wednesday that it will lay off 7% of its workers. The job cuts come on the heels of the recent announcement of a $28 billion acquisition of the company by Cisco.In a letter to Splunk employees, who he refers to as "Splunkers," Splunk CEO Gary Steel said the layoffs were "not a result of our agreement with Cisco," but rather, "the continuation of important initiatives" undertaken across the company "for more than a year.""As we work to finish FY24 and look ahead, we are taking this proactive and strategic step that further aligns our workforce to better enable Splunkers to meet the needs of our customers and partners, while remaining sustainable and cost effective," Steele wrote in the letter, which was posted as part of a Securities and Exchange Commission filing. Felon arrested in San Rafael with loaded Glock, ounce of narcotics The layoffs affect about 560 "Splunkers," according to Forbes. Founded in...

SF City Attorney demands online retailers stop selling license plate covers

Published Mon, 24 Feb 2025 16:38:27 GMT

(BCN) -- California law criminalizes selling any product that obscures the reading of a license plate, yet people can still buy them online. On Wednesday, San Francisco City Attorney David Chiu sent a letter to the executives at Amazon, eBay, Etsy and Walmart demanding that they cease and desist from offering illegal license plate covers for sale to California residents. Chui said that license plate covers, such as smoked, vinyl wraps, tinted or warped covers, make it difficult to read plate numbers and impede the ability of law enforcement agencies to investigate and apprehend individuals engaged in criminal activities, such as sideshows, thefts, and robberies."Amazon is aware that these license plate covers are illegal and being used to facilitate illegal conduct and evade law enforcement," one of the letters said. SF-based Splunk to lay off 7% of workforce after being acquired by Cisco The timing for the crackdown coincides with Assembly Bill 645, a new law approved by the gove...

Selective Insurance: Q3 Earnings Snapshot

Published Mon, 24 Feb 2025 16:38:27 GMT

BRANCHVILLE, N.J. (AP) — BRANCHVILLE, N.J. (AP) — Selective Insurance Group Inc. (SIGI) on Wednesday reported third-quarter earnings of $89.2 million.The Branchville, New Jersey-based company said it had profit of $1.42 per share. Earnings, adjusted for one-time gains and costs, came to $1.51 per share.The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.66 per share.The insurance holding company posted revenue of $1.08 billion in the period. Its adjusted revenue was $1.09 billion, exceeding Street forecasts. Three analysts surveyed by Zacks expected $1.07 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SIGI at https://www.zacks.com/ap/SIGISource

Browns QB Deshaun Watson back at practice from shoulder injury, starter for Cardinals game unclear

Published Mon, 24 Feb 2025 16:38:27 GMT

BEREA, Ohio (AP) — Cleveland quarterback Deshaun Watson returned to practice Wednesday after playing only 12 snaps in the past four games with an injured right shoulder that has become a daily topic of conversation for the Browns and their fans.It’s a significant step for Watson, who didn’t practice at all last week because of the injury, which he sustained on Sept. 24 against Tennessee. It was his best game in 10 starts since being acquired by the Browns in 2022.Before his team practiced inside, coach Kevin Stefanski said Watson would be limited as the Browns (4-3) began preparing on the field for the Arizona Cardinals (1-7), who have their own quarterback carousel.Watson has been out with a strained rotator cuff, and the Browns are exercising caution with an injury that initially was downplayed but has developed into something that could alter their season.Stefanski said he wanted to see how Watson looked while throwing before deciding on a starter for Sunday. If Watson does...

DHI Group: Q3 Earnings Snapshot

Published Mon, 24 Feb 2025 16:38:27 GMT

CENTENNIAL, Colo. (AP) — CENTENNIAL, Colo. (AP) — DHI Group Inc. (DHX) on Wednesday reported net income of $1 million in its third quarter.The Centennial, Colorado-based company said it had net income of 2 cents per share. Earnings, adjusted for one-time gains and costs, came to 3 cents per share.The provider of websites and career fairs for professionals posted revenue of $37.4 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $38.5 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DHX at https://www.zacks.com/ap/DHXSource

Texas Pacific: Q3 Earnings Snapshot

Published Mon, 24 Feb 2025 16:38:27 GMT

DALLAS (AP) — DALLAS (AP) — Texas Pacific Land Corporation (TPL) on Wednesday reported earnings of $105.6 million in its third quarter.The Dallas-based company said it had profit of $13.74 per share.The landowner posted revenue of $158 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 TPL at https://www.zacks.com/ap/TPLSource

Innoviva: Q3 Earnings Snapshot

Published Mon, 24 Feb 2025 16:38:27 GMT

BURLINGAME, Calif. (AP) — BURLINGAME, Calif. (AP) — Innoviva Inc. (INVA) on Wednesday reported earnings of $82 million in its third quarter.The Burlingame, California-based company said it had profit of 98 cents per share.The biopharmaceutical company posted revenue of $67.3 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 INVA at https://www.zacks.com/ap/INVASource

OPENLANE: Q3 Earnings Snapshot

Published Mon, 24 Feb 2025 16:38:27 GMT

CARMEL, Ind. (AP) — CARMEL, Ind. (AP) — OPENLANE, Inc. (KAR) on Wednesday reported third-quarter earnings of $12.7 million.On a per-share basis, the Carmel, Indiana-based company said it had net income of 1 cent. Earnings, adjusted for amortization costs and pretax expenses, came to 18 cents per share.The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.The used and salvaged vehicle auctioneer posted revenue of $416.3 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $409.3 million.OPENLANE expects full-year earnings in the range of 60 cents to 70 cents per share._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KAR at https://www.zacks.com/ap/KARSource

Park-Ohio: Q3 Earnings Snapshot

Published Mon, 24 Feb 2025 16:38:27 GMT

CLEVELAND (AP) — CLEVELAND (AP) — Park-Ohio Holdings Corp. (PKOH) on Wednesday reported profit of $11.1 million in its third quarter.On a per-share basis, the Cleveland-based company said it had net income of 88 cents. Earnings, adjusted to account for discontinued operations, were 99 cents per share.The industrial supply-chain logistics company posted revenue of $418.8 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 PKOH at https://www.zacks.com/ap/PKOHSource

Coca-Cola Bottling: Q3 Earnings Snapshot

Published Mon, 24 Feb 2025 16:38:27 GMT

CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Coca-Cola Bottling Co. (COKE) on Wednesday reported net income of $92.1 million in its third quarter.On a per-share basis, the Charlotte, North Carolina-based company said it had profit of $9.80. Earnings, adjusted for non-recurring costs, came to $17.53 per share.The Coca-Cola bottler posted revenue of $1.71 billion 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 COKE at https://www.zacks.com/ap/COKESource