National Vision Slips To Loss In Q2

Hawaiian Electric Industries Q2 Profit Tops Estimates – Quick Facts

Hawaiian Electric Industries, Inc. (HE) reported second quarter earnings per share of $0.45 compared to $0.39, a year ago. On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $0.37, for the quarter. Analysts’ estimates typically exclude special items.

Second quarter total revenues declined to $608.95 million from $715.49 million, previous year.

On August 5, the company announced that the Board maintained quarterly cash dividend of $0.33 per share payable on September 10, 2020, to shareholders of record at the close of business on August 21, 2020. The quarterly dividend is equivalent to an annual rate of $1.32 per share.

Another Virus Re-emerging In China

As the world continues to reel under COVID-19 pandemic, caused by the novel coronavirus, another virus contagion is making news in China.

According to reports, tick-borne bunyavirus, which causes severe fever with thrombocytopenia syndrome (SFTS), is re-emerging in the country of the dragon.

Suspected cases of SFTS, characterized by the sudden onset of fever, thrombocytopenia, and leucopenia, were first reported in Anhui Province in central China in 2006. Since then, sporadic cases of this viral infection have been reported in a number of provinces in central and eastern China.

So far this year, around 60 people have been reportedly infected with the SFTS virus in eastern China and at least seven people have died due to this viral infection.

The SFTS virus is believed to be passed on to humans by infected ticks. It has also been found that human-to-human transmission of this virus is also possible.

Dentsply Sirona Inc Q2 adjusted earnings Miss Estimates

Below are the earnings highlights for Dentsply Sirona Inc (XRAY):

-Earnings: -$95.4 million in Q2 vs. $36.4 million in the same period last year.
-EPS: -$0.44 in Q2 vs. $0.16 in the same period last year.
-Excluding items, Dentsply Sirona Inc reported adjusted earnings of -$40.2 million or -$0.18 per share for the period.
-Analysts projected -$0.02 per share
-Revenue: $0.49 billion in Q2 vs. $1.01 billion in the same period last year.

Himax Technologies Issues Q3 Guidance – Quick Facts

While reporting financial results for the second quarter on Thursday, semiconductor company Himax Technologies Inc. (HIMX) provided earnings and revenue guidance for the third quarter of fiscal 2020.

For the third quarter, the company projects IFRS profit per ADS in a range of 2.0 to 2.8 cents and non-IFRS profit per ADS in a range of 3.5 to 4.3 cents. It also expects net revenue to be up around 20 percent sequentially, with the momentum to continue into the fourth quarter.

On average, 3 analysts polled by Thomson Reuters expect the company to report a loss of $0.02 per share on revenues of $175.32 million for the quarter. Analysts’ estimates usually exclude special items.

EARNINGS SUMMARY: Details of Targa Resources Corp. Q2 Earnings Report

Below are the earnings highlights for Targa Resources Corp. (TRGP):

-Earnings: $48.9 million in Q2 vs. -$41.2 million in the same period last year.
-Revenue: $1.52 billion in Q2 vs. $2.00 billion in the same period last year.

Devon police deploy armed officers to Bideford as busy town centre placed on lockdown

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A busy section of the town has been closed off with the armed officers spotted on Mill Street.

It is not yet clear why the road has been closed.

More to follow…

Hong Kong reports 95 new coronavirus cases as local transmissions stay high

HONG KONG (REUTERS) – Hong Kong reported 95 new coronavirus cases on Thursday (Aug 6), of which 91 were locally transmitted, as authorities tried to contain the virus, which has seen a resurgence in the global financial hub over the past month.

Around 3,800 people have been infected in Hong Kong since late January, 44 of whom have died. On Wednesday, 85 new cases were reported.

The government on Thursday said it was extending the work from home period for civil servants until Aug 16.

ViacomCBS beats estimates for second-quarter revenue

(Reuters) – ViacomCBS Inc (VIACA.O) beat analysts’ estimates for quarterly revenue on Thursday as a home-bound audience boosted demand for its streaming services.

Revenue fell 12% to $6.28 billion in the second quarter ended June 30, but came above estimates of $6.27 billion, according to Refinitiv IBES data.

Colombia’s ex-president Alvaro Uribe tests positive for COVID-19

Colombia’s former president gets more bad news, just a day after he was placed under house arrest over an investigation into witness tampering.

Former Colombian President Alvaro Uribe has tested positive for COVID-19 just a day after the country’s Supreme Court ordered he be placed under house arrest.

He was arrested over allegations of witness tampering and fraud, which he denies.

 

Al Jazeera’s Alessandro Rampietti reports from Bogota, Colombia.

National Vision Slips To Loss In Q2

National Vision Holdings Inc. (EYE) reported that its net loss for the second quarter ended June 27, 2020 was $43.8 million or $0.55 per share compared to net income of $10.3 million or $0.13 per share for the second quarter of 2019.

Adjusted loss per share was $0.41 compared to adjusted net income of $0.18 per share in the previous year.

Net revenue decreased 39.5% to $260.0 million from $429.5 million last year. Net revenue was negatively impacted by 10.0% due to the timing of unearned revenue, which also resulted in material impacts to profitability.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.50 per share and revenues of $246.63 million for the quarter. Analysts’ estimates typically exclude special items.

Comparable store sales was down 44.7% and Adjusted Comparable Store Sales was down 36.5%.