EPS

Ichor Announces Preliminary Results for the Third Quarter of 2021

Friday, October 22, 2021 - 2:00pm

Ichor Holdings, Ltd. (NASDAQ: ICHR), a leader in the design, engineering, and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment, today announced preliminary third quarter 2021 financial results.

Key Points: 
  • Ichor Holdings, Ltd. (NASDAQ: ICHR), a leader in the design, engineering, and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment, today announced preliminary third quarter 2021 financial results.
  • We continue to see strengthening demand and expect that the fourth quarter will set a new quarterly revenue record for Ichor.
  • Just after 1:00 pm Pacific Time on November 2nd, we will issue our third quarter 2021 earnings press release.
  • We will conduct a conference call to discuss our third quarter 2021 results and business outlook on November 2, 2021, at 1:30 p.m. Pacific Time.

American Express Reports Third-Quarter Revenue of $10.9 Billion and Earnings Per Share Of $2.27

Friday, October 22, 2021 - 12:00pm

Third-quarter consolidated total revenues net of interest expense were $10.9 billion, up 25 percent from $8.8 billion a year ago.

Key Points: 
  • Third-quarter consolidated total revenues net of interest expense were $10.9 billion, up 25 percent from $8.8 billion a year ago.
  • Consolidated expenses were $8.7 billion, up 29 percent from $6.7 billion a year ago, reflecting higher customer engagement costs.
  • Global Consumer Services Group reported third-quarter pretax income of $1.5 billion, compared with $1.1 billion a year ago.
  • Total revenues net of interest expense were $6.4 billion, up 21 percent from $5.3 billion a year ago.

Oak Valley Bancorp Reports 3rd Quarter Results

Thursday, October 21, 2021 - 9:15pm

OAKDALE, Calif., Oct. 21, 2021 (GLOBE NEWSWIRE) -- Oak Valley Bancorp (NASDAQ: OVLY) (the Company), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently reported unaudited consolidated financial results.

Key Points: 
  • OAKDALE, Calif., Oct. 21, 2021 (GLOBE NEWSWIRE) -- Oak Valley Bancorp (NASDAQ: OVLY) (the Company), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently reported unaudited consolidated financial results.
  • The increase in third quarter net income compared to the prior quarter was partially due to an increase in Paycheck Protection Program (PPP) loan interest and fees to $2,679,000, compared to $2,202,000 during the prior quarter, and $1,479,000 during the third quarter of 2020.
  • The interest margin increase compared to prior quarter was a result of the elevated PPP loan interest and fees as described above.
  • Oak Valley Bancorp operates Oak Valley Community Bank & their Eastern Sierra Community Bank division, through which it offers a variety of loan and deposit products to individuals and small businesses.

Socket Mobile Reports Strong Third Quarter 2021 Results

Thursday, October 21, 2021 - 9:01pm

Third Quarter 2021 Financial Highlights:

Key Points: 
  • Third Quarter 2021 Financial Highlights:
    Revenue increased 54% to $6.3 million, compared to $4.1 million in the comparable prior year quarter and increased 6% sequentially compared to $6.0 million in Q2 2021.
  • Gross margin decreased slightly to 54% compared with 55% for both the prior year quarter and the immediately preceding quarter.
  • "We are pleased with our performance in the quarter, delivering strong results across revenue, earnings, EPS and operating cash flow," said Kevin Mills, President and Chief Executive Officer.
  • Socket Mobile has a network of thousands of developers who use its software developer tools to add sophisticated data capture to their mobile applications.

Olvin Analysis: Even though foot traffic has halved, Chipotle's ($CMG) success shows how quickly key physical retail hubs are rebounding.

Thursday, October 21, 2021 - 8:20pm

In Q2 the company reported $7.46 EPS, 14.42% higher than the expected EPS, with total revenue just shy of $1.9bn.

Key Points: 
  • In Q2 the company reported $7.46 EPS, 14.42% higher than the expected EPS, with total revenue just shy of $1.9bn.
  • Now the market is looking at Q3 earnings to assess the company's ability to keep the growth streak going.
  • For example: while in Q2 2021 foot traffic was still 49.2% lower than in Q2 2019, revenues were 31.9% higher than pre-pandemic levels.
  • Olvin Limited ("Olvin"), the Almanac platform ("Almanac") and any subsidiaries or parent organizations do not provide financial advice.

Danaher Reports Third Quarter 2021 Results

Thursday, October 21, 2021 - 11:00am

Impairment charges related to a trade name in the Diagnostics segment recorded in the first quarter of 2021 ($10 million pretax as reported in this line item, $8 million after-tax).

Key Points: 
  • Impairment charges related to a trade name in the Diagnostics segment recorded in the first quarter of 2021 ($10 million pretax as reported in this line item, $8 million after-tax).
  • Gain on disposition of certain product lines in the nine-month period ended October 2, 2021, ($13 million pretax as reported in this line item, $10 million after-tax).
  • This line item reflects the aggregate tax effect of all nontax adjustments reflected in the preceding line items of the table.
  • Beginning in the second quarter of 2021, Cytiva sales are included in core sales, and therefore we no longer provide the measure "core sales including Cytiva" for quarterly periods beginning with the second quarter of 2021.

AEW UK REIT plc: NAV Update and Dividend Declaration

Thursday, October 21, 2021 - 7:01am

AEW UK REIT plc (LSE: AEWU) (the "Company"), which directly owns a diversified portfolio of 35 regional UK commercial property assets, announces its unaudited Net Asset Value ("NAV") and interim dividend for the three-month period ended 30 September 2021.

Key Points: 
  • AEW UK REIT plc (LSE: AEWU) (the "Company"), which directly owns a diversified portfolio of 35 regional UK commercial property assets, announces its unaudited Net Asset Value ("NAV") and interim dividend for the three-month period ended 30 September 2021.
  • Interim dividend of 2.00 pence per share for the three months ended 30 September 2021, in line with the targeted annual dividend of 8.00 pence per share.
  • NAV of 174.29 million or 110.01 pence per share as at 30 September 2021 (30 June 2021: 169.69 million or 107.11 pence per share).
  • NAV total return of 4.58% for the quarter (30 June 2021 quarter: 10.04%).

ABB: Q3 2021 Results

Thursday, October 21, 2021 - 5:53am

This improvement however benefited from the adverse temporary items in last years results, good development in most business areas and unusually low corporate costs in the current quarter.

Key Points: 
  • This improvement however benefited from the adverse temporary items in last years results, good development in most business areas and unusually low corporate costs in the current quarter.
  • In the fourth quarter of 2021, ABB anticipates a continued tight supply chain to impact customer deliveries.
  • ABB anticipates comparable revenue growth of 6%-8% (update from just below 10%) for full-year 2021, hampered by supply constraints towards the end of the year.
  • 1 For a reconciliation of non-GAAP measures, see supplemental reconciliations and definitions in the attached Q3 2021 Financial Information.

Euronet Worldwide Reports Third Quarter 2021 Financial Results

Thursday, October 21, 2021 - 2:00am

LEAWOOD, Kan., Oct. 20, 2021 (GLOBE NEWSWIRE) -- Euronet Worldwide, Inc. (Euronet or the Company) (NASDAQ: EEFT), a leading electronic payments provider, reportsthird quarter2021financial results.

Key Points: 
  • LEAWOOD, Kan., Oct. 20, 2021 (GLOBE NEWSWIRE) -- Euronet Worldwide, Inc. (Euronet or the Company) (NASDAQ: EEFT), a leading electronic payments provider, reportsthird quarter2021financial results.
  • Euronet reports the following consolidated results for thethird quarter2021compared with the same period of2020:
    Operating incomeof$114.5million, a 73% increase from$66.1 million (72% increase on a constant currency basis).
  • Euronet Worldwide will host an analyst conference call on October 21, 2021, at 9:00 a.m. Eastern Time to discuss these results.
  • Euronet Worldwide is an industry leader in processing secure electronic financial transactions.

HP Inc. Announces Fiscal 2022 Financial Outlook and Raises Annual Dividend Approximately 29% to $1 per Share

Wednesday, October 20, 2021 - 10:03pm

PALO ALTO, Calif., Oct. 20, 2021 (GLOBE NEWSWIRE) -- Today at HP’s 2021 Securities Analyst Meeting (“SAM”), the company reiterated its fiscal 2021 financial outlook provided at Q3 2021 earnings, and provided details on its strategy and opportunities for long-term growth, along with its financial outlook for fiscal 2022.

Key Points: 
  • Based on the current environment, HP anticipates generating free cash flow of at least $4.5 billion for fiscal 2022.
  • For fiscal 2022, the company indicated that it expects to return at least 100% of free cash flow through dividends and share repurchases.
  • The HP Board of Directors has approved an increase to the planned annual dividend amount to $1.00 per share, reflecting an approximately 29% increase from the prior dividend.
  • Other companies may calculate the non-GAAP financial measures differently than HP, limiting the usefulness of those measures for comparative purposes.