Today’s Hottest Earnings Reports: Lucid, Realty Income, Disney, and More

The first-quarter earnings season continued with Lucid Motor (LCID) posting its expectedly weak results. The EV firm posted revenue of $172.74 million, up by 15.6% Y/Y yet it lost 30 cents a share.In Q1, Lucid produced 1,728 vehicles and plans to produce 9,000 for the year. The 1,967 delivery is up by 39.9% Y/Y. It has ample liquidity after raising $1.0 billion and ended the quarter with $5.03 billion.Dividend investors will appreciate Realty Income (O) results. The firm posted funds from operations of $1.05 billion. For FY 2024, expect the firm to post $4.22 a share.Watch the market’s…

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Armed Person Call in Welland Leads to an Arrest and Charges – UPDATE 1

As a result of information surrounding the involvement of a firearm, 3 District’s Criminal Investigative Branch assumed carriage of the investigation. Judicial authorization was sought, and a search warrant was obtained. On May 6, 2024, the search warrant was executed at the State Street residence where detectives seized a replica firearm, knife, baseball bat and a bolt action .22 rifle. Read more…