Amortization

LYFT Stockholders with Large Losses Should Contact Robbins LLP to Learn More about the Lyft, Inc. Class Action

Retrieved on: 
Tuesday, March 26, 2024
Complaint, Amortization, LYFT, LLP, Deception, Depreciation, Ridesharing

According to the complaint, Lyft issued a press release and accompany Supplement Data announcing its year-end and fourth quarter 2023 operating results after the close of the market (at 4:05 p.m.) on February 13, 2024. The Lyft press release and Supplemental Data (at page 10) misrepresented in a bulleted line item that Lyft anticipated “Adjusted EBITDA [Earnings Before Interest Taxes Depreciation and Amortization] margin expansion (calculated as a percentage of Gross Bookings) of approximately 500 basis points year-over-year.” Inasmuch as Lyft had reported 2023 EBITDA margins of approximately 1.6%, a 500 basis point (or 5.0%) margin expansion would have increased profitability to 6.6% -- or by over three times historical results. News services and stock analysts reported promptly on the four-fold anticipated increase in profitability. However, the 500 basis point margin expansion was stated in error; in reality, the basis point margin expansion was just 50 points.

Key Points: 
  • For more information, submit a form , email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.
  • However, the 500 basis point margin expansion was stated in error; in reality, the basis point margin expansion was just 50 points.
  • By 4:17 p.m., Lyft shares increased to $15.59 a share and by 4:27 p.m. shares traded at $16.61.
  • A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation.

LYFT STOCKHOLDER NEWS: Contact Robbins LLP for Information About the Lyft, Inc. Class Action

Retrieved on: 
Thursday, March 14, 2024
SAN, LYFT, LLP, Depreciation, Complaint, Deception, Amortization

According to the complaint, Lyft issued a press release and accompanying Supplement Data announcing its year-end and fourth quarter 2023 operating results after the close of the market (at 4:05 p.m.) on February 13, 2024. The Lyft press release and Supplemental Data (at page 10) misrepresented in a bulleted line item that Lyft anticipated “Adjusted EBITDA [Earnings Before Interest Taxes Depreciation and Amortization] margin expansion (calculated as a percentage of Gross Bookings) of approximately 500 basis points year-over-year.” Inasmuch as Lyft had reported 2023 EBITDA margins of approximately 1.6%, a 500 basis point (or 5.0%) margin expansion would have increased profitability to 6.6% -- or by over three times historical results. News services and stock analysts reported promptly on the four-fold anticipated increase in profitability. However, the 500 basis point margin expansion was stated in error; in reality, the basis point margin expansion was just 50 points.

Key Points: 
  • For more information, submit a form , email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.
  • However, the 500 basis point margin expansion was stated in error; in reality, the basis point margin expansion was just 50 points.
  • By 4:17 p.m., Lyft shares increased to $15.59 a share and by 4:27 p.m. shares traded at $16.61.
  • A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation.

Robbins LLP Urges LYFT Investors with Large Losses to Contact the Firm Before May 6, 2024, for Information About Their Rights

Retrieved on: 
Monday, March 18, 2024
Class Action Lawsuit, Professional Services, Legal, Complaint, Amortization, LYFT, LLP, Deception, Depreciation, Ridesharing

According to the complaint, Lyft issued a press release and accompany Supplement Data announcing its year-end and fourth quarter 2023 operating results after the close of the market (at 4:05 p.m.) on February 13, 2024. The Lyft press release and Supplemental Data (at page 10) misrepresented in a bulleted line item that Lyft anticipated “Adjusted EBITDA [Earnings Before Interest Taxes Depreciation and Amortization] margin expansion (calculated as a percentage of Gross Bookings) of approximately 500 basis points year-over-year.” Inasmuch as Lyft had reported 2023 EBITDA margins of approximately 1.6%, a 500 basis point (or 5.0%) margin expansion would have increased profitability to 6.6% -- or by over three times historical results. News services and stock analysts reported promptly on the four-fold anticipated increase in profitability. However, the 500 basis point margin expansion was stated in error; in reality, the basis point margin expansion was just 50 points.

Key Points: 
  • For more information, submit a form , email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.
  • However, the 500 basis point margin expansion was stated in error; in reality, the basis point margin expansion was just 50 points.
  • Lyft common shares had closed on February 13, 2024 at 4:00 p.m. at $12.13 per share.
  • By 4:17 p.m., Lyft shares increased to $15.59 a share and by 4:27 p.m. shares traded at $16.61.

Lyft, Inc. Investor Alert: Robbins LLP Reminds Shareholders of Class Action Filed Against LYFT

Retrieved on: 
Monday, March 11, 2024
Professional Services, Class Action Lawsuit, Complaint, Amortization, LYFT, LLP, Deception, Depreciation, Ridesharing

According to the complaint, Lyft issued a press release and accompany Supplement Data announcing its year-end and fourth quarter 2023 operating results after the close of the market (at 4:05 p.m.) on February 13, 2024. The Lyft press release and Supplemental Data (at page 10) misrepresented in a bulleted line item that Lyft anticipated “Adjusted EBITDA [Earnings Before Interest Taxes Depreciation and Amortization] margin expansion (calculated as a percentage of Gross Bookings) of approximately 500 basis points year-over-year.” Inasmuch as Lyft had reported 2023 EBITDA margins of approximately 1.6%, a 500 basis point (or 5.0%) margin expansion would have increased profitability to 6.6% -- or by over three times historical results. News services and stock analysts reported promptly on the four-fold anticipated increase in profitability. However, the 500 basis point margin expansion was stated in error; in reality, the basis point margin expansion was just 50 points.

Key Points: 
  • For more information, submit a form , email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.
  • However, the 500 basis point margin expansion was stated in error; in reality, the basis point margin expansion was just 50 points.
  • By 4:17 p.m., Lyft shares increased to $15.59 a share and by 4:27 p.m. shares traded at $16.61.
  • A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation.

Investor Notice: Robbins LLP Informs Investors of Class Action Filed Against Lyft, Inc. (LYFT)

Retrieved on: 
Wednesday, March 6, 2024
Complaint, SAN, Deception, Amortization, Depreciation, LYFT, LLP

According to the complaint, Lyft issued a press release and accompanying Supplement Data announcing its year-end and fourth quarter 2023 operating results after the close of the market (at 4:05 p.m.) on February 13, 2024. The Lyft press release and Supplemental Data (at page 10) misrepresented in a bulleted line item that Lyft anticipated “Adjusted EBITDA [Earnings Before Interest Taxes Depreciation and Amortization] margin expansion (calculated as a percentage of Gross Bookings) of approximately 500 basis points year-over-year.” Inasmuch as Lyft had reported 2023 EBITDA margins of approximately 1.6%, a 500 basis point (or 5.0%) margin expansion would have increased profitability to 6.6% -- or by over three times historical results. News services and stock analysts reported promptly on the four-fold anticipated increase in profitability. However, the 500 basis point margin expansion was stated in error; in reality, the basis point margin expansion was just 50 points.

Key Points: 
  • For more information, submit a form , email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.
  • However, the 500 basis point margin expansion was stated in error; in reality, the basis point margin expansion was just 50 points.
  • A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation.
  • If you choose to take no action, you can remain an absent class member.

Broadridge Reports Second Quarter Fiscal 2024 Results

Retrieved on: 
Thursday, February 1, 2024
Software, Growth, Broadridge Financial Solutions, Amortization, Retirement, Intellectual property, Capital, Tax, Disclosure, Capital expenditure, Integration, Investment, Net, Compensated emancipation, ICS, Acquisition, Webcast, Income tax, Forecasting, Bank

NEW YORK, Feb. 1, 2024 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR) today reported financial results for the second quarter ended December 31, 2023 of its fiscal year 2024. Results compared with the same period last year were as follows:  

Key Points: 
  • Recurring revenue growth constant currency (Non-GAAP) was 6%, all organic, driven by Net New Business and Internal Growth.
  • The Company's results in this press release are presented in accordance with U.S. GAAP except where otherwise noted.
  • These Non-GAAP financial measures should be viewed in addition to, and not as a substitute for, the Company's reported results.
  • As a multi-national company, we are subject to variability of our reported U.S. dollar results due to changes in foreign currency exchange rates.

Luis de Guindos: A resilient banking sector for the euro area

Retrieved on: 
Thursday, May 18, 2023
Gaps, Review, European Central Bank, Addition Financial, Housing, Civil service commission, Face, Fixed-rate mortgage, Communication, Wave, NPL, Shock, EBA, Common equity, Elliott District Community Government Council, Attention, Amortization, Element, Frankfurt, NPL network, Credit Suisse, EDIS, Risk, Bank, ECB, Income, Buffer, CMU, Growth, CRE, Reproduction, Environment, European Commission, Security printing, Creative industries, Management, Security (finance), Real estate, Renewable energy, Cryptocurrency, EU, Basel
Key Points: 

2023 Q1 Interim Management Statement

Retrieved on: 
Wednesday, May 3, 2023
MES, London Stock Exchange, Financial Conduct Authority, Reading, HBOS, Web browser, Finance, Amortization, Movement, Commercial bank, Cambrian Stage 3, Retirement, Financial Ombudsman Service, London, ECL, National Savings and Investments, FCA, United Kingdom, Growth, PDF, Environment, RNS, Cryptocurrency, Bank, Investment, Retail

The Group's statutory profit before tax for the first three months of 2023 was £2,068 million, £611 million higher than the same period in 2022.

Key Points: 
  • The Group's statutory profit before tax for the first three months of 2023 was £2,068 million, £611 million higher than the same period in 2022.
  • Other income was £199 million higher at £1,087 million in the three months ended 31 March 2023 compared to £888 million in the same period last year.
  • In the first three months of 2023 the Group recognised remediation costs of £17 million in relation to pre-existing programmes (three months ended 31 March 2022: £33 million).
  • Total assets were £740 million higher at £617,668 million at 31 March 2023 compared to £616,928 million at 31 December 2022.

Lloyds Bank plc 2022 Q3 Interim Management Statement

Retrieved on: 
Thursday, October 27, 2022
Financial Conduct Authority, ECL, Growth, Group, Movement, Amortization, Income, RCF, RNS, London, Reading, HBOS, UK, COVID-19, United Kingdom, London Stock Exchange, UK Government G-Cloud, Lloyds Banking Group, Commercial bank, Web browser, Reinsurance, Bank, Online gambling

Net interest income was 9,458 million, an increase of 1,209 million compared to 8,249million in the nine months to 30September 2021.

Key Points: 
  • Net interest income was 9,458 million, an increase of 1,209 million compared to 8,249million in the nine months to 30September 2021.
  • Other income was 162million lower at 2,661 million in the nine months to 30 September 2022 compared to 2,823million in the same period last year.
  • Total operating expenses decreased by 131 million to 6,629 million compared to 6,760million in the first nine months of 2021.
  • Total assets were 24,590 million, or 4 per cent, higher at 627,439 million at 30 September 2022 compared to 602,849million at 31December 2021.

EML Reports Record GDV Of $80.2 Billion And Revenues Of $234.1 Million For FY22

Retrieved on: 
Monday, August 22, 2022
Technology, Finance, Fintech, Banking, Professional Services, Business, Software, Digital Cash Management, Digital Assets, Data Management, Consumer Electronics, PCP, Depreciation, CEO, Interest, PFS, Dragon, GDV, DP, EBITDA, Dragon (magazine), Solution, Culture, Board, EML, AGM, Newsroom, Multimedia, Open banking, MD, Annual general meeting, EMLE, Company, AMF, Compliance, Group, ASX, COVID-19, Annual report, CBI, Acquisition, Growth, AASB, Income, Management, Retail, Pharmaceutical industry, Bank, Online shopping, Euro, Review, Shine, Amortization, Senteni Masango, European

EML Payments Limited (ASX: EML) today released its FY22 Financial Results and Annual Report.

Key Points: 
  • EML Payments Limited (ASX: EML) today released its FY22 Financial Results and Annual Report.
  • Ms. Shand will present the outcomes of the Review to shareholders at EML's Annual General Meeting in late November this year.
  • Revenue came from:
    GPR revenue grew 30% to $148.1 million, benefitting from the new AMF revenue stream;
    The G&I segment generated $68.4 million of revenue, down 3%.
  • EML holds $2.2 billion in stored value (FY21 $2.1 billion) generating interest income.