LPKF Laser & Electronics Adjusts Full-year Guidance Due To Shifts In Revenue

Ravens vs. Packers scouting report for Week 15: Who has the edge? – The Denver Post

Ravens passing game vs. Packers pass defense

Packers passing game vs. Ravens pass defense

Ravens running game vs. Packers run defense

Packers running game vs. Ravens run defense

Ravens special teams vs. Packers special teams

Ravens intangibles vs. Packers intangibles

Prediction

CCI suspends Amazon’s 2019 deal with Future citing suppression of information

CCI said it considers “it necessary to examine the combination (deal) afresh,” adding its approval from 2019 shall “shall remain in abeyance” until then.

Antitrust body on Friday suspended Amazon.com’s 2019 deal with Future Group following a review of allegations that the U.S. e-commerce giant had concealed information while seeking regulatory approval.

The unprecedented step taken by the Competition Commission of India (CCI) could have far-reaching consequences on Amazon’s legal battles with now estranged partner Future. The U.S. firm has for months successfully used the terms of its to hold $200million investment in 2019 to block Future’s attempt to sell retail assets to Reliance Industries for $3.4 billion.

In a 57-page order, the CCI said it considers “it necessary to examine the combination (deal) afresh,” adding its approval from 2019 shall “shall remain in abeyance” until then.

Amazon had “suppressed the actual scope” of the deal and had made “false and incorrect statements” while seeking approvals, the CCI order added.

Darden Restaurants Inc. Reveals Advance In Q2 Income, Beats estimates

Darden Restaurants Inc. (DRI) revealed a profit for its second quarter that increased from last year and beat the Street estimates.

The company’s earnings totaled $193.4 million, or $1.48 per share. This compares with $96.9 million, or $0.74 per share, in last year’s second quarter.

Analysts on average had expected the company to earn $1.43 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 36.7% to $2.27 billion from $1.66 billion last year.

Darden Restaurants Inc. earnings at a glance:

-Earnings (Q2): $193.4 Mln. vs. $96.9 Mln. last year.
-EPS (Q2): $1.48 vs. $0.74 last year.
-Analyst Estimate: $1.43
-Revenue (Q2): $2.27 Bln vs. $1.66 Bln last year.

-Guidance:
Full year EPS guidance: $7.35 – $7.60
Full year revenue guidance: $9.55 – $9.70 Bln

KKR To Buy Japanese Software Provider Yayoi; Financial Terms Not Disclosed

Global investment firm KKR & Co. Inc. (KKR) announced Friday the signing of a definitive agreement to acquire Yayoi Co., Ltd., a Japanese software provider for small- and medium-sized enterprises or SMEs, from financial services group ORIX Corp. The financial terms of the deal were not disclosed.

The transaction is expected to be completed on March 1st, 2022, subject to regulatory approvals and customary closing conditions.

Yayoi is the largest financial and accounting software provider for SMEs and sole proprietors in Japan. Its namesake accounting and tax filing software is widely used by Japanese SMEs.

Hiro Hirano, Co-Head of Private Equity for KKR Asia Pacific and CEO of KKR Japan, said, “SMEs account for the vast majority of companies in Japan. … We see a terrific opportunity to increase Yayoi’s penetration across Japan and look forward to promoting the Company’s growth by leveraging our expertise in this segment.”

In the deal, BofA Securities Japan Co., Ltd. acted as KKR’s financial advisor.

Boohoo’s shares plummet as returns hit profit

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Boohoo’s shares plunged more than 23 per cent before closing at 106.1p, after it said profits were hit by higherthan-expected customer returns, rising costs and disruption to international delivery networks. Since February the shares have dropped around 70 per cent.

At its third quarter trading update, Boohoo said sales had grown 10 per cent to £506.2million, thanks to a strong performance in the UK offsetting falls elsewhere.

Chief executive John Lyttle said: “The current headwinds are short term.”

Colfax, 6th avenues closed following 2-car crash in Golden

A two-car crash in Golden has sent four people to the hospital and shut down a major intersection.

Colorado State Patrol reported the crash at Colfax and 6th Avenues before sunrise on Friday and says an extended closure is expected.

The Colorado Department of Transportation reported a vehicle fire to shut down the roads.

Jayson Luber from Denver7 reported that one of the vehicles passed an officer from Golden Police Department who said the vehicle was going 90 or 100 mph. The speeding car allegedly hit an SUV.

LPKF Laser & Electronics Adjusts Full-year Guidance Due To Shifts In Revenue

LPKF Laser & Electronics AG (LPKFF.OB) said the company now expects 2021 revenue to amount to 92 – 102 million euros, revised from prior guidance of approximately 110 million euros. EBIT is projected to come in between a negative EBIT of 2 million euros to EBIT of 6 million euros. Previously, the company projected EBIT margin of approximately 10%.

The company said due to a project delay at a customer in China and continued disruption in global logistics, it will not be in a position to deliver ready-to-ship solar systems with a total value of up to 11 million euros and other systems with a total value of approximately 6 million euros as planned before year-end. Revenues related to these orders are expected to be recognized in the first quarter of 2022.

The company’s medium-term outlook remains unaffected.