Tax expense

Robbins Geller Rudman & Dowd LLP and Bragar Eagel & Squire, P.C. Announce Proposed Settlement in the SCANA Corporation Merger Litigation

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星期一, 三月 7, 2022

A hearing will be held before the Honorable J.

Key Points: 
  • A hearing will be held before the Honorable J.
  • The Court may change the date of the Settlement Hearing, or hold it telephonically or via video conference, without providing another notice.
  • You do NOT need to attend the Settlement Hearing to receive a distribution from the Net Settlement Fund.
  • IF YOU ARE A MEMBER OF THE CLASS, YOUR RIGHTS WILL BE AFFECTED BY THE PROPOSED SETTLEMENT AND YOU MAY BE ENTITLED TO A MONETARY PAYMENT.

Wetouch Technology Inc. (WETH) Reports Second Quarter 2021 Unaudited Financial Results

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星期二, 八月 10, 2021

Chengdu, China, Aug. 10, 2021 (GLOBE NEWSWIRE) -- Wetouch Technology Inc. (OTCQB: WETH) ("Wetouch" or "the Company"), a specialty manufacturer of medium to large sized projected capacitive touchscreens, today announced its unaudited financial results for the second quarter ended June 30, 2021.

Key Points: 
  • Chengdu, China, Aug. 10, 2021 (GLOBE NEWSWIRE) -- Wetouch Technology Inc. (OTCQB: WETH) ("Wetouch" or "the Company"), a specialty manufacturer of medium to large sized projected capacitive touchscreens, today announced its unaudited financial results for the second quarter ended June 30, 2021.
  • Cash as of the end of the second quarter of 2021 was $52.6 million, compared to $23.0 million as of December 31, 2020.
  • Business conditions remained exceptionally strong through the second quarter with record bookings and backlog for product to be shipped over multiple quarters.
  • Units sold increased by 145.6% to 711,548 touchscreens in the second quarter of 2021 from 289,668 units in the same period last year.

Iowa First Bancshares Corp. Reports Second Quarter Financial Results and Dividend Payment

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星期四, 七月 29, 2021

The increase in second quarter net income year-over-year of $165,000 was primarily attributable to higher net interest income which increased $292,000.

Key Points: 
  • The increase in second quarter net income year-over-year of $165,000 was primarily attributable to higher net interest income which increased $292,000.
  • Other factors affecting Iowa Firsts second quarter results year-over-year were provision for loan losses decreasing $105,000, noninterest income decreasing $229,000, noninterest expense decreasing $33,000, and income tax expense increasing $36,000.
  • Iowa First maintains a strong capital position, as evidenced by its June 30, 2021 total risk-based capital ratio of 18.6%.
  • Iowa First Bancshares Corp. has paid a cash dividend to shareholders every year since 1989.

Capstone Generated Record Operating Cash Flow of $110 Million in Q2 2021; Net Cash Grows to $172 Million With Zero Drawn Long-Term Debt

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星期二, 七月 27, 2021

Extensive column leach test work in collaboration with Jetti Resources LLC (Jetti) has commenced and will continue through early 2022.

Key Points: 
  • Extensive column leach test work in collaboration with Jetti Resources LLC (Jetti) has commenced and will continue through early 2022.
  • Current capital estimate of approximately $90 million includes additional regrind milling capacity and this will be further refined as part of the PV4 study.
  • Accordingly, these Non-GAAP financial measures may provide insight to investors and other external users of the Company's consolidated financial information.
  • EBITDA is net income (loss) attributable to shareholders before net finance expense, tax expense, and depletion and amortization.

HealthEquity Updates Business Outlook

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星期二, 六月 8, 2021

The Company may adjust its non-GAAP tax rate as additional information becomes available and in conjunction with any other significant events occurring that may materially affect this rate, such as merger and acquisition activity, changes in business outlook, or other changes in expectations regarding tax regulations.

Key Points: 
  • The Company may adjust its non-GAAP tax rate as additional information becomes available and in conjunction with any other significant events occurring that may materially affect this rate, such as merger and acquisition activity, changes in business outlook, or other changes in expectations regarding tax regulations.
  • Non-GAAP net income per diluted share may not calculate due to rounding of non-GAAP net income and diluted weighted-average shares.
  • We undertake no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
  • Forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.

KLA Corporation Reports Fiscal 2021 Third Quarter Results

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星期四, 四月 29, 2021

The non-GAAP and supplemental information is provided to enhance the user's overall understanding of our operating performance and our prospects in the future.

Key Points: 
  • The non-GAAP and supplemental information is provided to enhance the user's overall understanding of our operating performance and our prospects in the future.
  • The non-GAAP information is among the budgeting and planning tools that management uses for future forecasting.
  • The presentation of non-GAAP and supplemental information is not meant to be considered in isolation or as a substitute for results prepared and presented in accordance with United States GAAP.
  • Discrete tax items in the three months ended Dec. 31, 2020 consist primarily of a tax expense of $4.0 million from an internal restructuring.

Kulicke & Soffa Reports Fourth Quarter 2020 Results

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星期四, 十一月 19, 2020

Fourth fiscal quarter tax expense of $8.0 million was associated with increased profitability and jurisdictional adjustments.

Key Points: 
  • Fourth fiscal quarter tax expense of $8.0 million was associated with increased profitability and jurisdictional adjustments.
  • Our dedicated global workforce, financial position, and commitment to development have facilitated this progress despite the challenging macro-economic environment through fiscal 2020."
  • A conference call to discuss these results will be held tomorrow,November 19, 2020, beginning at8:00am EST.
  • In addition to U.S. GAAP results, this press release also contains non-GAAP financial results.

FMO Announces Accrual for Income Tax Expense

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星期六, 十一月 14, 2020

NEW YORK, Nov. 13, 2020 (GLOBE NEWSWIRE) -- Fiduciary/Claymore Energy Infrastructure Fund (FMO or the Fund) today announced a change in the estimate of the accrual of federal and state income tax expense caused by sales of investments.

Key Points: 
  • NEW YORK, Nov. 13, 2020 (GLOBE NEWSWIRE) -- Fiduciary/Claymore Energy Infrastructure Fund (FMO or the Fund) today announced a change in the estimate of the accrual of federal and state income tax expense caused by sales of investments.
  • The Fund is generally subject to U.S. federal income tax on its taxable income at the 21% rate applicable to corporations and, in addition, is subject to various state income taxes.
  • The Fund accrues estimated current federal and state income tax expense based on current income and gains generated from its underlying investments and trading activity.
  • Any net current or deferred income tax expense or net deferred income tax liability will reduce the Funds NAV.

CCOM Group, Inc. Reports 2020 Third Quarter Results

Retrieved on: 
星期二, 十一月 10, 2020

CCOM Group, Inc. (CCOM) (OTC Pink: CCOM, CCOMP), announced its financial results for the quarter and nine months ended September 30, 2020.

Key Points: 
  • CCOM Group, Inc. (CCOM) (OTC Pink: CCOM, CCOMP), announced its financial results for the quarter and nine months ended September 30, 2020.
  • Results for the quarter ended September 30, 2020 compared to results for the same period in 2019:
    Net income increased 18.1% to $917,443 from $776,788; the 2020 and 2019 amounts include a $158,333 non-cash deferred income tax expense (with a corresponding decrease to CCOMs deferred tax asset).
  • Results for the nine months ended September 30, 2020 compared to results for the same period in 2019:
    Net income decreased 31.4% to $1,161,213 from $1,693,443; the 2020 and 2019 amounts include a $316,666 non-cash deferred income tax expense (with a corresponding decrease to CCOMs deferred tax asset).
  • CCOM is headquartered in New Jersey, and, with its affiliates, operates out of 15 locations in its geographic trading area.

Palantir Expects $121 Million in Non-GAAP Operating Income and 42% Revenue Growth for the Year Ending 2020

Retrieved on: 
星期二, 九月 22, 2020

Palantir Technologies Inc. today issued guidance for its third quarter ending September 30, 2020, year ending December 31, 2020, and year ending December 31, 2021.

Key Points: 
  • Palantir Technologies Inc. today issued guidance for its third quarter ending September 30, 2020, year ending December 31, 2020, and year ending December 31, 2021.
  • Non-GAAP Operating Income: $60 million to $62 million, excluding stock-based compensation, related payroll tax expenses and approximately $54 million of one-time expenses related to the direct listing.
  • Non-GAAP operating income is expected to be $6 million to $8 million, excluding stock-based compensation and related payroll tax expenses and including the one-time direct listing expenses.
  • For the full year 2020, the Company currently expects:
    Revenue: $1,050 million to $1,060 million, representing year-over-year growth of 41% to 43%.