Epidemic

Navitas Semiconductor Announces First Quarter 2024 Financial Results

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Giovedì, Maggio 9, 2024
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TORRANCE, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS), the industry leader in next-generation power semiconductors, today announced unaudited financial results for the first quarter ended March 31, 2024.

Key Points: 
  • TORRANCE, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS), the industry leader in next-generation power semiconductors, today announced unaudited financial results for the first quarter ended March 31, 2024.
  • On a non-GAAP basis, loss from operations for the quarter was $11.8 million compared to a loss of $12.3 million for the first quarter of 2023.
  • Navitas Q1 2024 Financial Results Conference Call and Webcast Information:
    Toll Free Dial-in: (800) 715-9871 or (646) 307-1963, Conference ID: 4587273
    Our quarterly report on Form 10-Q for the period ended March 31, 2024 is due to be filed with the SEC on May 10, 2024.
  • Each of these non-GAAP financial measures are adjusted from GAAP results to exclude certain expenses which are outlined in the “Reconciliation of GAAP Results to Non-GAAP Financial Measures” tables below.

Valneva Reports First Quarter 2024 Financial Results and Provides Corporate Updates

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Martedì, Maggio 7, 2024
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Saint-Herblain (France), May 7, 2024 – Valneva SE (Nasdaq: VALN; Euronext Paris: VLA), a specialty vaccine company, today reported its financial results for the first quarter ending March 31, 2024, and provided corporate updates.

Key Points: 
  • Saint-Herblain (France), May 7, 2024 – Valneva SE (Nasdaq: VALN; Euronext Paris: VLA), a specialty vaccine company, today reported its financial results for the first quarter ending March 31, 2024, and provided corporate updates.
  • The condensed consolidated interim financial results are available on the Company’s website ( Financial Reports – Valneva ).
  • In the first quarter of 2024, IXIARO®/JESPECT® sales were €16.6 million compared to €17.4 million in the first quarter of 2023.
  • IXIARO®/JESPECT® sales were €16.6 million in the first quarter of 2024 compared to €17.4 million in the first quarter of 2023.

Astera Labs Announces Financial Results for the First Quarter of Fiscal Year 2024

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Martedì, Maggio 7, 2024
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Astera Labs (Nasdaq: ALAB), a global leader in semiconductor-based connectivity solutions for cloud and AI infrastructure, today announced preliminary financial results for the first quarter of fiscal 2024, ended March 31, 2024.

Key Points: 
  • Astera Labs (Nasdaq: ALAB), a global leader in semiconductor-based connectivity solutions for cloud and AI infrastructure, today announced preliminary financial results for the first quarter of fiscal 2024, ended March 31, 2024.
  • “Astera Labs started the year strong, achieving record revenue in the first quarter, driven by the accelerating deployment of AI infrastructure,” said Jitendra Mohan, Astera Labs’ Chief Executive Officer.
  • Net proceeds to Astera Labs from the offering were $672.2 million after deducting underwriting discounts and commissions.
  • We also estimate the following:
    Astera Labs will host a conference call to review its financial results for the first quarter of fiscal 2024 and to discuss our financial outlook today at 1:30 p.m. Pacific Time.

Novanta Announces Financial Results for the First Quarter 2024

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Martedì, Maggio 7, 2024
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“Novanta achieved great results for the first quarter, beating expectations for sales, profit, and cash flow,” said Matthijs Glastra, Chair and Chief Executive Officer of Novanta.

Key Points: 
  • “Novanta achieved great results for the first quarter, beating expectations for sales, profit, and cash flow,” said Matthijs Glastra, Chair and Chief Executive Officer of Novanta.
  • In the first quarter of 2024, GAAP operating income was $25.6 million, compared to $26.3 million in the first quarter of 2023.
  • GAAP net income was $14.7 million in the first quarter of 2024, compared to $18.3 million in the first quarter of 2023.
  • GAAP diluted earnings per share (“EPS”) was $0.41 in the first quarter of 2024, compared to $0.51 in the first quarter of 2023.

Universal Technical Institute Reports Fiscal Year 2024 Second Quarter Results

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Mercoledì, Maggio 8, 2024
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PHOENIX, May 8, 2024 /PRNewswire/ -- Universal Technical Institute, Inc. (NYSE: UTI), a leading workforce solutions provider of transportation, skilled trades and healthcare education programs, reported financial results for the fiscal 2024 second quarter ended March 31, 2024. Universal Technical Institute, Inc. operates in two reportable segments, Universal Technical Institute (UTI) and Concorde Career Colleges (Concorde), and together with its segments and subsidiaries is referred to as the "Company," "we," "us" or "our."

Key Points: 
  • Management will hold a conference call to discuss the financial results for the fiscal 2024 second quarter ended March 31, 2024, on Wednesday, May 8, 2024, at 4:30 p.m.
  • A live webcast of the call will be available via the Universal Technical Institute, Inc. investor relations website at https://investor.uti.edu .
  • Please go to the website at least 10 minutes early to register, download and install any necessary audio software.
  • Alternatively, the telephone replay can be accessed through May 22, 2024, by dialing (877) 344-7529 (domestic) or (412) 317-0088 (international) and entering passcode 1518270.

Videotron receives investment-grade rating from S&P Global Ratings

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Lunedì, Maggio 6, 2024
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"This enviable credit rating is a significant achievement that speaks volumes about Videotron's superior operating performance, strict financial discipline and strong balance sheet.

Key Points: 
  • "This enviable credit rating is a significant achievement that speaks volumes about Videotron's superior operating performance, strict financial discipline and strong balance sheet.
  • Receiving this BBB- rating from S&P can only improve Videotron's access to capital markets and reduce its cost of borrowing," Mr. Péladeau added.
  • Videotron is currently rated BBB- with a stable outlook by S&P and Ba1 with a positive outlook by Moody's.
  • A rating is not a recommendation to buy, sell or hold investments and is subject to revision or withdrawal at any time by the relevant rating agency.

STMicroelectronics Reports 2024 First Quarter Financial Results

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Giovedì, Aprile 25, 2024
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Net Capex (non-U.S. GAAP)1 was $967 million in the first quarter compared to $1.09 billion in the year-ago quarter.

Key Points: 
  • Net Capex (non-U.S. GAAP)1 was $967 million in the first quarter compared to $1.09 billion in the year-ago quarter.
  • Free cash flow (non-U.S. GAAP)1 was negative at $134 million in the first quarter, compared to positive $206 million in the year-ago quarter.
  • Inventory at the end of the first quarter was $2.69 billion, compared to $2.70 billion in the previous quarter and $2.87 billion in the year-ago quarter.
  • Days sales of inventory at quarter-end was 122 days compared to 104 days in the previous quarter and 122 days in the year-ago quarter.

Western Union Reports First Quarter 2024 Results

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Mercoledì, Aprile 24, 2024
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Additional key statistics for the quarter and historical trends can be found in the supplemental tables included with this press release.

Key Points: 
  • Additional key statistics for the quarter and historical trends can be found in the supplemental tables included with this press release.
  • Western Union is committed to making a positive impact.
  • For more details on how Western Union is addressing some of the most pressing issues facing society, our shared environment, and our Company, please view our latest ESG report: https://corporate.westernunion.com/esg .
  • Actual outcomes and results may differ materially from those expressed in, or implied by, our forward-looking statements.

WPP First Quarter Trading Update

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Giovedì, Aprile 25, 2024
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During the quarter we continued to invest in WPP Open, our intelligent marketing operating system powered by AI, as part of our annual investment of £250m in AI, data and tech.

Key Points: 
  • During the quarter we continued to invest in WPP Open, our intelligent marketing operating system powered by AI, as part of our annual investment of £250m in AI, data and tech.
  • WPP was proud to be recognised by the NVIDIA Partner Network as the Industry Innovation Partner of the Year in EMEA.
  • During the quarter, WPP topped the WARC Media 100 for the seventh year running and topped the WARC Creative 100 for the second consecutive year.
  • Proportion of WPP revenue less pass-through costs in Q1 2024; table made up of clients representing 77% of WPP total revenue less pass-through costs.

AngloGold Ashanti: Notice of 2024 Annual General Meeting

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Lunedì, Aprile 15, 2024
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Today, AngloGold Ashanti plc (“the Company”, “AGA” or “AngloGold Ashanti”) posted its Notice of 2024 Annual General Meeting (the “Notice”), which can be viewed and downloaded from www.reports.anglogoldashanti.com .

Key Points: 
  • Today, AngloGold Ashanti plc (“the Company”, “AGA” or “AngloGold Ashanti”) posted its Notice of 2024 Annual General Meeting (the “Notice”), which can be viewed and downloaded from www.reports.anglogoldashanti.com .
  • The Company’s 2024 Annual General Meeting (the “AGM”) is scheduled to be held on Tuesday 28 May 2024 at 9:00 a.m. Mountain Standard Time (which is 4:00 p.m. British Summer Time and 5:00 p.m. South African Standard Time) at 6363 S Fiddlers Green, Greenwood Village, CO 80111, USA.
  • The Notice sets out the business proposed to be conducted at the AGM, with the record date set as 2 April 2024 for the purposes of determining eligibility to receive the Notice and to vote at the AGM.
  • AngloGold Ashanti’s 2023 UK Annual Report, which was published on 10 April 2024, will also be posted to those shareholders who have elected to receive paper communications and can be viewed and downloaded from AngloGold Ashanti’s website at www.reports.anglogoldashanti.com.