First Majestic Silver Corp Q2 Earnings Summary

Below are the earnings highlights for First Majestic Silver Corp (AG):

Earnings: -$84.1 million in Q2 vs. $15.6 million in the same period last year.
EPS: -$0.32 in Q2 vs. $0.06 in the same period last year.
Excluding items, First Majestic Silver Corp reported adjusted earnings of -$5.7 million or -$0.02 per share for the period.

Analysts projected $0.02 per share
Revenue: $159.4 million in Q2 vs. $154.1 million in the same period last year.

China Fires Missiles Toward Waters Near Taiwan Following Pelosi’s Visit

China fired several ballistic missiles into waters around northeastern and southwestern Taiwan within hours of U.S. House Speaker Nancy Pelosi leaving the island nation.

The Chinese military’s Eastern Theater Command said the Dongfeng ballistic missiles hit their target accurately Thursday.

“The entire live-fire training mission has been successfully completed and the relevant air and sea area control is now lifted,” it said in a statement.

This was part of Chinese military’s planned exercises to simulate an air and sea “blockade” around Taiwan.

Cargo ships were forced to deviate their channels and dozens of flights bound for Taiwan were cancelled following the military drills.

Taiwan’s Defense Ministry said China sent more than 20 fighter jets across the median line in the Taiwan Strait Wednesday.

The Chinese government had earlier warned that Taipei will pay a price for hosting Pelosi, who has a long history of criticizing Beijing.

Her visit had irritated China, which considers the autonomous region of Taiwan as its part.

U.S. Reports 239K New Covid Cases, 934 Deaths

U.S. Covid cases crossed the 200,000 mark on Wednesday.

With a whopping 239,531 new positive cases reported, the total number of people that have been infected with coronavirus in the United States has risen to 90,980,893, as per Johns Hopkins University’s latest data.

934 additional deaths on the same day took total U.S. Covid casualties to 1,028,835.

North Carolina reported the most number of cases – 32,883 – while Georgia reported the most deaths – 113.

Covid deaths have increased by 2 percent, while cases have increased by 3 percent in the last two weeks, New York Times’ latest tally shows.

More than 43,000 people are currently in American hospitals with the coronavirus, an increase of 11 percent over the last two weeks. More than 4,900 of these patients are admitted in intensive care units, marking a 13 percent rise in a fortnight.

87,772,164 people have so far recovered from the disease, the Worldometer tally shows.

4,436 additional deaths were reported globally on Wednesday, taking the total number of people who lost their lives due to the pandemic so far to 6,393,832

Atlas Air To Be Acquired By Consortium Led By Apollo; Atlas Air Q2 Profit Tops Estimates

Atlas Air Worldwide (AAWW) has agreed to be acquired by an investor group led by funds managed by affiliates of Apollo (APO) together with investment affiliates of J.F. Lehman & Company and Hill City Capital in an all-cash deal with an enterprise valuation of approximately $5.2 billion. Atlas Air Worldwide shareholders will receive $102.50 per share in cash. Upon completion, Atlas Air Worldwide will become a privately held company. The transaction is expected to close in the fourth quarter 2022 or first quarter 2023.

Separately, Atlas Air Worldwide Holdings reported second quarter adjusted net income of $97.3 million, or $3.36 per share, compared with $121.8 million, or $4.10 per share, a year ago. On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $3.34, for the quarter. Analysts’ estimates typically exclude special items.

Reported net income was $88.3 million, or $2.65 per share, compared with $107.1 million, or $3.53 per share, prior year.

Revenue grew to $1.2 billion from $990.4 million, last year. Analysts on average had estimated $1.11 billion in revenue.

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

China Fires Missiles Toward Waters Near Taiwan Following Pelosi’s Visit

China fired several ballistic missiles into waters around northeastern and southwestern Taiwan within hours of U.S. House Speaker Nancy Pelosi leaving the island nation.

The Chinese military’s Eastern Theater Command said the Dongfeng ballistic missiles hit their target accurately Thursday.

“The entire live-fire training mission has been successfully completed and the relevant air and sea area control is now lifted,” it said in a statement.

This was part of Chinese military’s planned exercises to simulate an air and sea “blockade” around Taiwan.

Cargo ships were forced to deviate their channels and dozens of flights bound for Taiwan were cancelled following the military drills.

Taiwan’s Defense Ministry said China sent more than 20 fighter jets across the median line in the Taiwan Strait Wednesday.

The Chinese government had earlier warned that Taipei will pay a price for hosting Pelosi, who has a long history of criticizing Beijing.

Her visit had irritated China, which considers the autonomous region of Taiwan as its part.

‘The Sandman’ Is Coming to TV. Here’s Why That’s a Big Deal.

For decades, fans have hoped for an adaptation of the Neil Gaiman story, a seminal work in the world of comics and beyond. A series version arrives Friday on Netflix.

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By Maya Phillips