Vossloh Turns To Profit In H1; Backs FY21 Earnings View; Raises Sales Forecast

Vossloh AG (VOSSF.PK), a German supplier of rail infrastructure products and services, reported Wednesday that its first-half net income was 20.6 million euros, compared to last year’s loss of 9.6 million euros. Earnings per share were 0.70 euro, compared to loss of 0.58 euro a year ago.

EBIT went up 41.2 percent to 42.4 million euros. The EBIT margin rose to 9.2 percent from 7.6 percent in 2020. EBITDA went up to 68.4 million euros from 55.0 million euros last year. The EBITDA margin also increased.

Sales climbed 17.7 percent to 462.6 million euros from 393.2 billion euros a year ago, with growth in every division.

Orders received totaled 459.4 million euros, down from previous year’s 494.8 million euros.

Looking ahead, Vossloh has revised its sales guidance upwards for the current fiscal year. The company now expects sales to be between 900 million euros to 950 million euros, compared to the previous range of 850 million euros to 925 million euros.

Vossloh continues to expect an EBITDA margin of 13 percent to 14 percent and an EBIT margin of 7 percent to 8 percent for the 2021 fiscal year.

The company’s overall operational profitability will be considerably higher than in the previous year.

Laura Ingraham’s ‘Despicable’ Response To Cops’ Jan. 6 Testimony Slammed On Twitter

Fox News’ prime-time personalities Laura Ingraham and Tucker Carlson were slammed on Tuesday for their coverage of the first day of the House select committee’s hearing on the U.S. Capitol riot.

Ingraham responded to the harrowing testimony from officers who faced down the violent mob of then-President Donald Trump’s supporters on Jan. 6 with a spoof awards ceremony.

Carlson, meanwhile, cast doubt on their claims and smirked.

Ingraham said the hearing was akin to “performance art.”

Among the “awards,” Ingraham gave “best performance in an action role” to Washington Metropolitan Police Officer Michael Fanone, who during his testimony recalled fearing he’d be shot with his own weapon.

Watch the video here:

“There was certainly a lot of violence that day, but it was not a terrorist attack,” said Ingraham. “It wasn’t 9/11. It wasn’t the worst thing that ever happened to America. It wasn’t an insurrection.”

Carlson, meanwhile, responded with a smirk to footage of Fanone telling the hearing he’d experienced post-traumatic stress disorder after the riot.

Throughout his monologue, Carlson piled onto his previous claims about the violence just being a “political protest that got out of hand.”

Critics called the commentaries “disgusting” and “despicable.”

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McDonald’s Q2 Profit Soars, Results Top Estimates – Quick Facts

Fast-food giant McDonald’s Corp. (MCD) reported Wednesday that net income for the second quarter soared to $2.22 billion or $2.95 per share from $483.8 million or $0.65 per share in the prior-year quarter.

Excluding items, adjusted earnings per share was $2.37, compared to last year’s $0.66.

On average, 29 analysts polled by Thomson Reuters expected the company to report earnings of $2.08 per share for the quarter. Analysts’ estimates typically exclude special items.

Total revenues for the quarter surged 57 percent to $5.89 billion from $3.76 billion in the same quarter last year, and it was up 49 percent in constant currencies. Analysts expected revenues of $5.53 billion for the quarter.

Global comparable sales increased 40.5 percent and increased 6.9 percent on a 2-year basis, reflecting sequential acceleration and continued broad-based business momentum. Comparable sales increased across all segments on a 2-year basis.

Systemwide sales increased 48 percent or 42 percent in constant currencies.

Results for the quarter reflected stronger operating performance across all segments due to higher sales-driven restaurant margins as a result of fewer restaurant closures and the easing of COVID-19 restrictions compared with the prior year.

United Micro Electronics Corp. Reports Rise In Q2 Bottom Line

United Micro Electronics Corp. (UMC) released a profit for its second quarter that climbed from the same period last year.

The company’s bottom line came in at NT$11.94 billion, or NT$0.98 per share. This compares with NT$6.68 billion, or NT$0.55 per share, in last year’s second quarter.

The company’s revenue for the quarter rose 14.7% to NT$50.91 billion from NT$44.39 billion last year.

United Micro Electronics Corp. earnings at a glance:

-Earnings (Q2): NT$11.94 Bln. vs. NT$6.68 Bln. last year.
-EPS (Q2): NT$0.98 vs. NT$0.55 last year.
-Revenue (Q2): NT$50.91 Bln vs. NT$44.39 Bln last year.

Nissan Motor Turns To Profit In Q1, Lifts FY21 Outlook; Stock Up

Shares of Nissan Motor Co., Ltd. (NSANF.PK,NSANY.PK) were gaining around 4 percent in Japan trading after the company reported Wednesday that its first-quarter net income attributable to owners of the parent was 114.5 billion yen, compared to last year’s loss of 285.6 billion yen.

Consolidated operating profit was 75.7 billion yen, compared to loss of 153.9 billion yen a year ago. Operating profit margin was 3.8 percent, compared to negative 13.1 percent a year ago.

Consolidated net revenue was 2.01 trillion yen, higher than prior year’s 1.17 trillion yen.

Further, the company has revised upward its full-year profit outlook for fiscal year 2021.

For the fiscal year, the company now expects net income of 60 billion yen, compared to previous estimate of loss of 60 billion yen. Nissan is now forecasting net revenue of 9.75 trillion yen, higher than previous estimate of 9.10 trillion yen, and an operating profit of 150.0 billion yen, compared to previously expected breakeven.

The company said the shortage of semiconductor supply is expected to have a significant impact on Nissan’s sales volume in the second quarter. Nissan expects the issue will continue. However, sales volume will contribute to the operating profit supported by new vehicle launches.

In Japan, Nissan Motor shares were trading at 593.70 yen, up 3.88 percent.