Football: Man City sign playmaker Grealish from Villa on six-year deal

LONDON (REUTERS) – Manchester City have signed England midfielder Jack Grealish from Aston Villa on a six-year contract, both Premier League clubs announced on Thursday (Aug 5).

City did not disclose the transfer fee but British media reported that the deal was worth £100 million (S$188 million) making Grealish the most expensive player in Premier League history.

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Monster Beverage Corporation Reveals Increase In Q2 Earnings

Monster Beverage Corporation (MNST) revealed a profit for its second quarter that climbed from the same period last year.

The company’s profit came in at $403.76 million, or $0.75 per share. This compares with $311.37 million, or $0.59 per share, in last year’s second quarter.

Analysts had expected the company to earn $0.68 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 33.9% to $1.46 billion from $1.09 billion last year.

Monster Beverage Corporation earnings at a glance:

-Earnings (Q2): $403.76 Mln. vs. $311.37 Mln. last year.
-EPS (Q2): $0.75 vs. $0.59 last year.
-Analysts Estimate: $0.68
-Revenue (Q2): $1.46 Bln vs. $1.09 Bln last year.

Brooks Automation Inc. Q3 adjusted earnings Beat Estimates

Brooks Automation Inc. (BRKS) revealed a profit for its third quarter that rose from the same period last year.

The company’s bottom line came in at $39.2 million, or $0.53 per share. This compares with $13.7 million, or $0.19 per share, in last year’s third quarter.

Excluding items, Brooks Automation Inc. reported adjusted earnings of $53.5 million or $0.72 per share for the period.

Analysts had expected the company to earn $0.69 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 43.1% to $315.3 million from $220.4 million last year.

Brooks Automation Inc. earnings at a glance:

-Earnings (Q3): $53.5 Mln. vs. $23.3 Mln. last year.
-EPS (Q3): $0.72 vs. $0.32 last year.
-Analysts Estimate: $0.69
-Revenue (Q3): $315.3 Mln vs. $220.4 Mln last year.

-Guidance:
Next quarter EPS guidance: $0.71-$0.81
Next quarter revenue guidance: $328-348 mln

No e-way bills from Aug. 1 for GST return non-filers

Blocking resumes after COVID break

Taxpayers who have not filed GST returns for two months or quarters up to June 2021 will not be able to generate e-way bills from August 15, GST Network has said.

The move, experts said, would help increase Goods and Services Tax collections in August as pending GST returns are expected to be filed. The Central Board of Indirect Taxes and Customs (CBIC) had earlier suspended the blocking of electronic way (e-way) bill generation for non-filers of GST returns, to give taxpayers compliance relief during the COVID pandemic.

In an advisory dated August 4 to taxpayers, the GSTN said, “The government has now decided to resume the blocking of EWB (e-way bill) generation facility on the EWB portal, for all the taxpayers… from August 15”. Any taxpayer who has not filed two or more returns in GSTR-3B up to June 2021, or has not filed 2 or more statements in GST CMP-08 for the quarters up to April to June 2021, will not be able to generate e-way bill after August 15.

Diodes Inc. Q2 adjusted earnings Beat Estimates

Diodes Inc. (DIOD) announced earnings for its second quarter that rose from the same period last year.

The company’s bottom line came in at $55.4 million, or $1.22 per share. This compares with $21.0 million, or $0.40 per share, in last year’s second quarter.

Excluding items, Diodes Inc. reported adjusted earnings of $54.6 million or $1.20 per share for the period.

Analysts had expected the company to earn $1.12 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 52.5% to $440.4 million from $288.7 million last year.

Diodes Inc. earnings at a glance:

-Earnings (Q2): $54.6 Mln. vs. $28.6 Mln. last year.
-EPS (Q2): $1.20 vs. $0.54 last year.
-Analysts Estimate: $1.12
-Revenue (Q2): $440.4 Mln vs. $288.7 Mln last year.

‘BSNL, MTNL losses, liabilities shrank in FY21’

‘Govt. offered ₹69,000-crore package’

State-owned telecom firms BSNL and MTNL have narrowed their losses and reduced liabilities in 2020-21, Parliament was informed.

In a written reply to a question in the Rajya Sabha, Minister of State for Communications Devusinh Chauhan submitted that the losses of BSNL narrowed to ₹7,441 crore in 2020-21 from ₹15,500 crore in 2019-20.

MTNL reported a total loss of ₹2,554 crore for the last fiscal year compared with ₹3,811 crore in 2019-20, Mr. Chauhan added.

“The government approved a revival plan for BSNL and MTNL on October 23, 2019, which is under implementation. BSNL and MTNL have turned Ebitda positive during 2020-21,” Mr. Chauhan said.

The government had offered a combined revival package of about ₹69,000 crore to BSNL and MTNL.

The data shared by Mr. Chauhan showed total liabilities of BSNL had come down to ₹81,156 crore in 2020-21 from ₹87,618 crore in 2019-20. MNTL’s total liabilities had fallen to ₹29,391 crore (₹30,242 crore).

Motorola Solutions Inc. Q2 adjusted earnings Beat Estimates

Motorola Solutions Inc. (MSI) reported earnings for its second quarter that rose from the same period last year.

The company’s bottom line came in at $294 million, or $1.69 per share. This compares with $136 million, or $0.78 per share, in last year’s second quarter.

Analysts had expected the company to earn $1.92 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 21.6% to $1.97 billion from $1.62 billion last year.

Motorola Solutions Inc. earnings at a glance:

-EPS (Q2): $2.07 vs. $1.39 last year.
-Analysts Estimate: $1.92
-Revenue (Q2): $1.97 Bln vs. $1.62 Bln last year.

-Guidance:
Next quarter EPS guidance: $2.09 to $2.14
Full year EPS guidance: $8.88 to $8.98