Thursday, 23 Sep 2021

MTU Aero Engines Q2 Results Up; Revises FY21 Guidance

Fresenius SE Q2 Profit Rises, Lifts FY21 Earnings View – Quick Facts

Fresenius SE & Co. KGaA (FSNUF.PK,FSNPF.PK) reported Friday that its second-quarter Group net income attributable to shareholders increased to 471 million euros from last year’s 411 million euros.

Earnings per share were 1.62 euros, higher than 1.56 euros last year.

Adjusted net income attributable to shareholders were 474 million euros, compared to last year’s 410 million euros. Adjusted earnings per share were 0.85 euro, compared to 0.74 euro last year.

EBIT before special items was 1.03 billion euros, down 8 percent. Group EBITDA before special items decreased 5 percent to 1.67 billion euros.

Sales were 9.25 billion euros, a growth of 4 percent from last year’s 8.92 billion euros. Sales grew 8 percent at constant currency rates.

Looking ahead, Fresenius raised its 2021 earnings guidance. The Company now projects net income to grow in a low single-digit percentage range in constant currency. Previously, Fresenius expected an at least broadly stable net income development in constant currency.

The Company continues to project sales growth in a low-to-mid single-digit percentage range in constant currency.

Implicitly, net income for the Group excluding Fresenius Medical Care is now expected to grow in a high single-digit percentage range in constant currency. Previously, Fresenius expected mid-to-high single-digit percentage growth in constant currency.

Goodbye, My Fantasy Man

I wasn’t willing to settle for less than kismet. But chasing a romantic illusion nearly kept me from finding love.

By Lavinia Spalding

The night I agreed to try online dating, I told my roommate Meghan I hoped I wouldn’t meet anyone because that wasn’t the kind of story I wanted to tell.

Caixabank reports 605 mln euro net loss in Q2 on restructuring costs

MADRID, July 30 (Reuters) – Spain’s Caixabank said on Friday it booked a net loss of 605 million euros ($718.6 million) in the second quarter due to restructuring charges to lay off 6,450 employees in Spain following the acquisition of Bankia.

Analysts polled by Reuters expected a net loss of 878 million euros. In the second quarter of 2020, Caixabank reported a net profit of 115 million euros on a standalone basis.

Omega Therapeutics Prices 7.4 Mln Shares Of IPO At $17.00 Per Share

Omega Therapeutics, Inc. (OMGA), a development-stage biotechnology company specializing in epigenetics on Thursday announced $17 per share as the price of its Initial Public Offering (IPO) of 7,400,000 shares.

Proceeds from the offering before deducting expenses etc. payable by Omega and excluding underwriters’ option are expected to be approximately $125.8 million.

Shares of the company, which uses its OMEGA Epigenomic Programming platform to harness the power of epigenetics to develop a new class of DNA-sequence-targeting, mRNA-encoded programmable epigenetic medicines are expected to begin trading on the Nasdaq Global Select Market under the ticker symbol “OMGA” on July 30, 2021.

The offering is expected to close on August 3. The underwriters have been granted a 30-day option to purchase up to an additional 1,110,000 shares of common stock at the IPO price less underwriting discounts and commissions.

Goldman Sachs & Co. LLC, Jefferies LLC and Piper Sandler are acting as joint book-running managers of the offering. Wedbush PacGrow is acting as lead manager.

Why is Snapchat not working? – The Sun

SNAPCHAT has gone down for thousands of users as severs crashed for another time. 

Technical issues on July 29, 2021 meant users could not login into the app or access core features.

What happened to Snapchat?

The Snapchat team acknowledged that there was a problem with the servers at 11:51 pm that the app was down for many users across the nation.

While the app is working for some, other are having difficulty accessing core features such as loading and sending pictures.

Some users are also experiencing problems logging in.

"We're aware of an issue preventing some Snapchatters from logging in," the company following reports.

"Hang tight, we are looking into it and working on a fix!" they added.

In the latest update, at 5:01 am, the company confirmed that the "the issue has been resolved."

The technical issue comes after the app had a bug back in June that caused the app to crash when opened.

 

What should you do if your Snapchat goes down?

The Snapchat Support Twitter firstly suggests manually update your app in the App Store following the crash.

If this failed then user should visit the website and go to the section labelled "My Snapchats have disappeared".

By pressing "yes"next to "still need help" you can fill out a form with more assistance.

MTU Aero Engines Q2 Results Up; Revises FY21 Guidance

MTU Aero Engines AG (MTUAY.PK) reported second-quarter net income of €54 million or €0.98 basic per share versus €13 million or €0.20 per share in the prior year period.

On an adjusted basis, net income amounted to €77 million, higher than the previous year’s €33 million.

Revenue for the quarter was €1.015 billion compared to €776 million generated in the same period of last year.

Reiner Winkler, CEO of MTU Aero Engines AG, said, “We are somewhat more optimistic than previously about the commercial series business and the military business, but have slightly reduced our forecast for commercial maintenance. Overall, we are slightly increasing the lower end of our target ranges for both revenue and earnings.”

MTU now expects full-year revenue to be around €4.3 billion – €4.5 billion. Previously, the company’s guidance was for a revenue range of between €4.2 billion and €4.6 billion.

The adjusted EBIT margin is expected to be between 10% and 10.5% in 2021; the previous guidance was between 9.5% and 10.5%. Adjusted net income is likely to develop in line with the operating profit.

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