Laurentian Bank Of Canada Q2 adjusted earnings of C$1.23 per share
Laurentian Bank Of Canada (LB.TO) announced a profit for its second quarter that rose from last year.
The company’s earnings totaled C$53.1 million, or C$1.15 per share. This compares with C$8.9 million, or C$0.13 per share, in last year’s second quarter.
Excluding items, Laurentian Bank Of Canada reported adjusted earnings of C$56.7 million or C$1.23 per share for the period.
The company’s revenue for the quarter rose 4.0% to C$249.8 million from C$240.1 million last year.
Laurentian Bank Of Canada earnings at a glance:
-Earnings (Q2): C$56.7 Mln. vs. C$11.9 Mln. last year.
-EPS (Q2): C$1.23 vs. C$0.20 last year.
-Revenue (Q2): C$249.8 Mln vs. C$240.1 Mln last year.
Nexon, Altroz to get Indian language voice assistant
Tata cars and SUVs in India will soon get an Indian vernacular voice assistant that has been co-developed by Mihup Communication, a Kolkata-based start-up and Harman International.
Mihup says its solution, christened ‘AVA Auto’, addresses all the opportunities for improvement specific to the earlier voice assistant from the carmaker. While select Tata cars and SUVs were provided with an in-car voice assistant, it had a limited dictionary and regional languages support was absent.
The new system offers online, offline, and hybrid connectivity options among other features and supports ‘Hinglish’ (Hindi and English). The system responds based on user voice command without the need for a manual switch. The company aims to introduce AVA support for ‘Tamilish’ (Tamil and English) and ‘Benglish’ (Bengali and English) soon, with a plan to cover all major Indian languages by 2022.
After assessing multiple use cases and languages, the product will soon go live on Tata cars and SUVs. The offline (Voice AI on the edge) model has been deployed on variants of the Tata Altroz premium hatchback and Tata Nexon compact SUV.
AVA allows the driver hands-free, voice-based control for important car functions and control. It provides natural language support for making phone calls, playing music from USB, supporting navigation commands and also for vehicle information.
Gold Futures Drifting Lower As Dollar Gains Ground
Gold prices are drifting lower Thursday morning, weighed down by a stronger dollar in the wake of recent upbeat economic data.
Traders also seem to be taking some profits ahead of the upcoming U.S. jobs data, due on Friday.
The dollar index advanced to 90.22, gaining about 0.43%.
Gold futures for August are down $6.40 or 0.34% at $1,898.60 an ounce.
Silver futures for July are declining by $0.267 or 0.95% at $27.835 an ounce, while Copper futures for July are down $0.0507 or 1.08% at $4.6013 per pound.
The dollar is gaining in strength against its major rivals, buoyed by a pick up in U.S. manufacturing activity. On Tuesday, data from the Institute for Supply Management showed factory activity in the country expanded at a slightly faster pace in May. ISM’s manufacturing PMI inched up to 61.2 in the month, up from 60.7 in April.
Lands’ End Boosts FY21 Outlook; Guides Q2 Well Above Estimates – Quick Facts
While reporting its financial results for the first quarter on Wednesday, uni-channel retailer Lands’ End, Inc. (LE) raised its earnings and net revenue guidance for the full year 2021 and also provided second quarter outlook.
For fiscal 2021, the company now projects earnings in a range of $0.84 to $1.04 per share on net revenue between $1.61 billion and $1.65 billion.
Previously, the company expected earnings in the range of $0.34 to $0.58 per share on net revenue between $1.52 billion and $1.57 billion.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.44 per share on revenues of $1.58 billion for the year. Analysts’ estimates typically exclude special items.
For the second quarter, the company projects earnings in a range of $0.05 to $0.12 per share on net revenue between $345.0 million and $355.0 million. The Street is looking for a loss of $0.15 per share on revenues of $328.4 million for the quarter.
“As we look ahead, we are very confident with our ability to execute our long-term growth strategies given the continued momentum in our global eCommerce business and faster-than-expected recovery in our Outfitters business,” said Jim Gooch, President and Chief Financial Officer.
Diamondbacks announcer Bob Brenly mocks Marcus Stroman’s durag during broadcast
Arizona Diamondbacks announcer Bob Brenly mocked the durag of New York Mets pitcher Marcus Stroman during Tuesday night's game, a comment that drew attention from Stroman for what he called "racist undertones."
During the second inning, Fox Sports Arizona play-by-play partner Steve Berthiaume was talking about the split changeup from Stroman when the pitcher was getting ready to deliver a pitch. As the camera focused on Stroman, Brenly said, "Pretty sure that’s the same durag that Tom Seaver used to wear when he pitched for the Mets."
"Got the 41 patch on the sleeve right there,” Berthiaume replied.
After the 6-5 loss to the Diamondbacks, Stroman took to Twitter to retweet several posts and comment on the incident.
Belmont Stakes 2021 post time, odds: TV info, how to watch race at Belmont Park
Essential Quality, who finished fourth as the favorite in the Kentucky Derby, is the 2-1 morning-line favorite for Saturday’s $1.5 million Belmont.
Trained by Louisville native Brad Cox, Essential Quality drew the No. 2 post position in a field of eight for the Belmont. Post time is set for 6:49 p.m. Saturday, and the race will be televised by NBC.
Cox said he’s been impressed with Essential Quality’s workouts at Churchill Downs since the Kentucky Derby – including a bullet five-furlong breeze in 59.40 seconds on Saturday – and is confident the son of Tapit will prosper at the 1 ½-mile Belmont distance.