N.Korea reports 93,180 more people with fever amid COVID-19 outbreak -KCNA

SEOUL (Reuters) – North Korea reported 93,180 more people newly showed fever symptoms as of Tuesday evening amid the country’s first confirmed COVID-19 outbreak, state media KCNA said on Wednesday.

HP Q2 Profit, Revenues Beat Street View

HP Inc. (HPQ), the PC and printer business of the former Hewlett-Packard Co., on Tuesday reported results for the second quarter, with both profit and revenues beating Wall Street analysts’ estimates, driven by strong demand for computers.

HP’s second-quarter profit was $1.00 billion or $0.94 per share, compared with net income of $1.23 billion or $0.98 per share last year.

Adjusted earnings were $1.08 per share, compared with $0.93 per share in the year-ago quarter. Analysts polled by Thomson Reuters expected earnings of $1.05 per share for the quarter.

Revenue rose 3.9% to $16.49 billion from $15.88 billion a year ago. Analysts had a consensus revenue estimate of $16.17 billion.

Personal Systems revenue was $11.5 billion, up 9% year over year. Total units were down 17% with Notebooks units down 23% and Desktops units up 11%.

Printing revenue was $5.0 billion, down 7% year over year. Total hardware units were down 23% with Consumer units down 24% and Commercial units down 17%.

Looking forward to the third quarter, the company expects adjusted earnings of $1.03 to $1.08 per share. Analysts had a consensus revenue estimate of $1.02 per share.

For the fiscal year 2022, HP now expects adjusted earnings of $4.24 to $4.38, up from prior estimate of $4.18 to $4.38 per share. Analysts currently estimate earnings of $4.25 per share.

HPQ closed Tuesday’s trading at $38.84, up $0.09 or 0.23%, on the NYSE. The stock, however, slipped $0.04 or 0.10% in the after-hours trading.

ChargePoint Holdings, Inc. Q1 Earnings Summary

ChargePoint Holdings, Inc. (CHPT) released Loss for first quarter that decreased from the same period last year but missed the Street estimates.

The company’s bottom line totaled -$89.3 million, or -$0.27 per share. This compares with -$187.8 million, or -$0.83 per share, in last year’s first quarter.

Excluding items, ChargePoint Holdings, Inc. reported adjusted earnings of -$69.8 million for the period.

Analysts on average had expected the company to earn -$0.19 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 101.5% to $81.6 million from $40.5 million last year.

ChargePoint Holdings, Inc. earnings at a glance (GAAP) :

-Earnings (Q1): -$89.3 Mln. vs. -$187.8 Mln. last year.
-EPS (Q1): -$0.27 vs. -$0.83 last year.
-Analyst Estimates: -$0.19
-Revenue (Q1): $81.6 Mln vs. $40.5 Mln last year.

-Guidance:
Next quarter revenue guidance: $96-$106 mln
Full year revenue guidance: $450-$500 mln

J.T. Compher scores first goal of Western Conference Finals for Avalanche

J.T. Compher scored the first goal of the Western Conference Finals for the Avalanche.

The red-hot Compher picked up where he lift off against the St. Louis Blues, taking a pass from Alex Newhook and went top shelf over the glove of Edmonton Oilers goalie Mike Smith.

The goal came at the 14:20 mark of the first period and tied things 1-1.

Mikko Rantanen scores goal in Game 1 of Western Conference Finals

The offense of the Colorado Avalanche just keeps hammering goals.

At the 15:20 mark of the second period, Mikko Rantanen joined his teammates on the score sheet with a nifty goal against Oilers goalie Mike Smith.

On an assist from Nathan MacKinnon, Rantanen goes over the blocker for the goal.

Nathan MacKinnon scores in Game 1 of Western Conference Finals against Oilers

Nathan MacKinnon went backhand to forehand for the sweet goal through the five hole of Oilers goalie Mike Smith.

The goal from MacKinnon came at the 4:50 mark of the first period and gave the Avs a 2-1 lead in the game.

Nazem Kadri scores goal in second period of Game 1 against Oilers

Nazem Kadri started things off for the Avs in the second period, scoring a power play goal on a rebound at the 19:18 mark of the middle frame.

The up-tempo offense of the Avalanche has produced goals from J.T. Compher, Nathan MacKinnon and Cale Makar.

Andrew Cogliano scores against Oilers in Game 1 of Western Conference Finals

The Avalanche breaks things wide open with a goal from center Andrew Cogliano.

Edmonton replaced goalie Mike Smith with Mikko Koskinen after allowing six goals from the Avs.

The goaltender change didn’t stop the offensive powerhouse of the Avs, as Cogliano tallied a goal for the seventh of the night for Colorado.

PHOTOS: Colorado Avalanche vs. Edmonton Oilers in Game 1 of NHL Western Conference Finals – The Denver Post

The Colorado Avalanche defeated the Edmonton Oilers 8-6 in the first game of the NHL Western Conference Finals at Ball Arena in Denver on Tuesday, May 31, 2022.

John Wood To Sell Its Built Environment Consulting Unit For $1.9 Bln; Backs FY22 Sales Outlook

John Wood Group Plc (WDGJF.PK,WG.L), a British engineering and consulting firm, said on Wednesday that it has signed a deal to sell its Built Environment consulting business to WSP Global Inc. for around $1.9 billion. In addition, the company has reiterated its sales guidance for the fiscal 2022.

The transaction, expected to be closed in the second half, is anticipated to provide enhanced financial flexibility to the seller to deliver its strategies. However, the primary and immediate use of the net cash proceeds will allow the company to reduce its net debt and strengthen the balance sheet.

As of December 31, 2021, the Group’s net debt was at $1.4 billion and the firm’s net debt to adjusted EBITDA ratio was 3.3 times.

Commenting on the deal, Robin Watson, chief executive, said: “It enables us to move onto our next strategic phase with the financial flexibility to accelerate our strategy to capture the growth opportunities ahead across both energy security and sustainability.”

The Group also reaffirmed its sales outlook for full year. In its previous guidance it had stated: “We expect higher revenue across our business supported by the growth in our order book, with revenue in our order book for 2022 of $4,655 million, up 6 percent on comparable figure last year.”