-- Shanghai Lujiazui Finance & Trade Zone Development (SHA:600663) posted first-quarter attributable net profit of 199.2 million yuan, down 68% from 630.6 million yuan the previous year.
Earnings per share went down to 0.0396 yuan from 0.1252 yuan, according to a Wednesday filing with the Shanghai bourse.
Operating revenue fell 47% year over year to 2.23 billion yuan from 4.23 billion yuan.
Shares of the real estate developer were down 3% in recent trade.
Ameriprise Financial (AMP) reported Q1 adjusted earnings late Thursday of $11.26 per diluted share, up from $9.50 a year earlier.Analysts polled by FactSet expected $10.21.Revenue in the quarter ended March 31 rose to $4.89 billion from $4.48 billion a year earlier.Analysts surveyed by FactSet expected $4.72 billion.Ameriprise shares fell 1.2% in after-hours trading.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our target by $15 to $170, on a forward P/E of 22.2x our 2026 EPS, a small premium to CBRE's three-year average multiple (20.2x). We increase our 2026 EPS estimate by $0.40 to $7.67 and increase 2027 by $0.87 to $8.67. We now believe commercial real estate activity growth is likely to maintain its current pace, with potential for even a single interest rate cut to increase activity further in 2H 2026. CBRE's land development pipeline remains a significant opportunity for growth but management noted monetizing assets is currently difficult as securing power, water, and public approval remains a headwind. We believe CBRE is well positioned to execute these developments and we expect profitability in this space to be less predictable Q/Q but should serve as meaningful long-term EPS growth drivers. The BOE and Project Management space continue to deliver with critical infrastructure services expected to grow 60% Y/Y this year as CBRE provides facilities management to over 1,300 data centers globally.
Australia-based energy firm Santos reported its Q1 update Thursday, showing production rose by 3% to 22.5 million barrels of oil equivalent, up from 21.9 mmboe a year earlier.Production of gas for LNG plants was at 65.8 petajoules, slightly down from 66.1 PJ a year earlier. Domestic gas sales rose to 51.8 PJ in Q1, from 45.6 PJ a year earlier.Crude oil production declined, with output dropping to 1.04 million barrels, compared with 1.54 mmbbls for the corresponding period a year ago.Condensate production broadly held steady at about 1.05 million barrels in Q1, from 1.06 million, while LPG output edged higher to 24,500 metric tons in Q1 from 24,000 mt in the corresponding quarter a year earlier.The oil and gas exploration and production firm attributed the increase in overall production to the Barossa Gas Project start-up, which delivered its first cargoes during the quarter.This was partially offset by lower production in Western Australia due to Cyclone Narelle impacts, and in the Cooper Basin due to localized wet weather, according to the statement."Our portfolio of high-quality LNG assets, located close to Asian markets, is well positioned to meet strong and growing LNG demand across this region," said Kevin Gallagher, Santos managing director and CEO.Santos projected that 2026 production and sales volumes would be in the range of 101 mmboe to 111 mmboe.