Tuesday, 23 Apr 2024

PHOTOS: Denver Nuggets vs. Los Angeles Lakers in Game 1 of NBA Western Conference Finals – The Denver Post

Agilysys Inc Q4 Profit Climbs, but misses estimates

Agilysys Inc (AGYS) released earnings for its fourth quarter that increased from the same period last year but missed the Street estimates.

The company’s bottom line totaled $3.6 million, or $0.14 per share. This compares with $1.5 million, or $0.06 per share, in last year’s fourth quarter.

Analysts on average had expected the company to earn $0.22 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 13.5% to $52.9 million from $46.6 million last year.

Agilysys Inc earnings at a glance (GAAP) :

-Earnings (Q4): $3.6 Mln. vs. $1.5 Mln. last year.
-EPS (Q4): $0.14 vs. $0.06 last year.
-Analyst Estimate: $0.22
-Revenue (Q4): $52.9 Mln vs. $46.6 Mln last year.

QuickLogic Corporation Loss at -$1.23 Mln in Q1

QuickLogic Corporation (QUIK) reported Loss for first quarter of -$1.23 million

The company’s bottom line came in at -$1.23 million, or -$0.09 per share. This compares with -$1.16 million, or -$0.10 per share, in last year’s first quarter.

Excluding items, QuickLogic Corporation reported adjusted earnings of -$0.51 million or -$0.04 per share for the period.

The company’s revenue for the quarter rose 0.7% to $4.13 million from $4.10 million last year.

QuickLogic Corporation earnings at a glance (GAAP) :

-Earnings (Q1): -$1.23 Mln. vs. -$1.16 Mln. last year.
-EPS (Q1): -$0.09 vs. -$0.10 last year.
-Revenue (Q1): $4.13 Mln vs. $4.10 Mln last year.

Keysight Technologies, Inc. Q2 Profit Increases, beats estimates

Keysight Technologies, Inc. (KEYS) announced earnings for its second quarter that increased from the same period last year and beat the Street estimates.

The company’s bottom line totaled $283 million, or $1.58 per share. This compares with $258 million, or $1.41 per share, in last year’s second quarter.

Excluding items, Keysight Technologies, Inc. reported adjusted earnings of $380 million or $2.12 per share for the period.

Analysts on average had expected the company to earn $1.95 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 3.0% to $1.39 billion from $1.35 billion last year.

Keysight Technologies, Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $283 Mln. vs. $258 Mln. last year.
-EPS (Q2): $1.58 vs. $1.41 last year.
-Analyst Estimate: $1.95
-Revenue (Q2): $1.39 Bln vs. $1.35 Bln last year.

-Guidance:
Next quarter EPS guidance: $2.00-$2.06
Next quarter revenue guidance: $1.37-$1.39 bln

FTC Sues To Block Amgen's $27.8 Bln Acquisition Of Horizon Therapeutics

The U.S. Federal Trade Commission sued to block Amgen Inc’s (AMGN) proposed $27.8 billion acquisition of Horizon Therapeutics PLC (HZNP), saying the deal would enable the biopharmaceutical giant to stifle competition for thyroid eye disease and chronic refractory gout treatments.

HZNP closed Tuesday regular trading at $96.34 down $15.91 or 14.17%. But in the after-hours trade, the stock gained $0.74 or 0.77%.

The FTC said in the lawsuit that the deal would enable Amgen to use rebates on its existing blockbuster drugs to pressure insurance companies and pharmacy benefit managers into favoring Horizon’s two monopoly products – Tepezza, used to treat thyroid eye disease, and Krystexxa, used to treat chronic refractory gout. Neither of these treatments have any competition in the pharmaceutical marketplace.

The Commission vote to authorize staff to seek a temporary restraining order and preliminary injunction was 3-0.

Horizon Therapeutics said in December 2022 that it signed a deal for its acquisition by Pillartree Limited., Amgen Inc.’s newly formed private firm, for $116.50 per share in cash. The acquisition valued Horizon at around $27.8 billion on a fully diluted basis with an enterprise value of around $28.3 billion.

Sage Group H1 Profit Down, EBITDA Rises; Now Sees FY23 Organic Recurring Revenue Growth Around 11%

Sage Group Plc (SGE.L), an accounting, financial, HR and payroll technology company, reported Wednesday that its first-half profit before tax fell 27 percent to 139 million pounds from last year’s 189 million pounds.

Basic earnings per share declined 34 percent to 9.78 pence from 14.84 pence last year.

Underlying profit before tax was 210 million pounds, compared to 185 million a year ago. Underlying basic earnings per share were 15.68 pence, compared to 13.83 pence in the prior year.

EBITDA grew 13 percent from last year to 275 million pounds. EBITDA margin increased 60 basis points to 25.2 percent.

Revenue increased 16 percent to 1.09 billion pounds from prior year’s 934 million pounds.

Annualised Recurring Revenue increased 12 percent to 2.10 billion euros. Underlying total revenue increased 10 percent, and underlying Recurring Revenue grew 12 percent.

Further, the company announced interim dividend growth of 4 percent to 6.55p, in line with its progressive policy.

Looking ahead for fiscal 2023, Sage Group now expects organic recurring revenue growth to be in the region of 11 percent, driven by continued strength in Sage Business Cloud.

The firm continues to expect other revenue to decline, in line with strategy. Operating margins are expected to trend upwards in the full year and beyond.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

PHOTOS: Denver Nuggets vs. Los Angeles Lakers in Game 1 of NBA Western Conference Finals – The Denver Post

The Denver Nuggets held off a late rally by the Los Angeles Lakers to win Game 1 of the NBA Western Conference Finals 132-126 at Ball Arena in Denver, Colorado on Tuesday night, May 16, 2023.

Related Posts