Stephen Colbert Thinks a New Trump Investigation Has Potential

Merit Medical Systems Q2 Profit Beats View; Sees FY22 Results In Line With View

Merit Medical Systems Inc. (MMSI) reported that its net income for the second quarter of 2022 rose to $15.3 million or $0.27 per share, from $4.9 million or $0.09 per share, for the second quarter of 2021.

Non-GAAP net income for the second quarter of 2022 was $42.3 million or $0.73 per share, compared to $35.3 million or $0.62 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.58 per share for the quarter. Analysts’ estimates typically exclude special items.

Quarterly revenue was $295.0 million, an increase of 5.2% compared to the quarter ended June 30, 2021. Constant currency revenue, organic, for the second quarter of 2022 increased 7.4% compared to the prior year period. Analysts expected revenue of $281.01 million for the quarter.

Looking ahead for fiscal year 2022, Merit now expects net income to be in the range of $62.4 million to $68.3 million or $1.08 to $1.18 per share; non-GAAP net income of $139.6 million to $145.5 million or $2.42 to $2.52 per share.

The company projects annual net revenue to be in the range of $1.123 billion to $1.135 billion, representing an increase of approximately 5% to 6% year-over-year.

Analysts expect the company to report earnings of $2.48 per share and revenues of $1.13 billion for fiscal year 2022.

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

Aixtron H1 Order Intake Up 7%; H1 Profit Surges On Strong Revenue Growth

AIXTRON SE (AIXG), on Thursday, reported its highest quarterly order intake since 2011 in the second quarter of 2022, driven by strong overall demand from nearly all end markets.

The order intake in the first half of 2022 was with EUR 282.8 million, 7% above the order intake of the previous year’s EUR 263.3 million. The strongest demand was recorded for tools for the volume production of Micro LEDs followed by demand for efficient power electronics based on the material systems Silicon Carbide and Gallium Nitride.

At EUR 152.6 million in Q2/2022, order intake even exceeded the strong level of the EUR 139.0 million reported a year ago. The order backlog at June 30, 2022 increased to EUR 314.4 million from EUR 295.0 million in the previous year. Most of the order backlog is due for delivery in 2022.

The company net profit for the first-half period increased to EUR 31.1 million from EUR 11.5 million in the prior year period. Earnings per share rose to EUR 0.28 from the previous year’s EUR 0.11 per share.

Revenues of the MOCVD world market leader improved significantly in H1/2022 by 63% to EUR 191.1 million from EUR 117.2 million in the same period of last year.

Based on the current momentum of demand, and in expectation of a continuation of the high number of orders, the Executive Board reiterated the growth guidance for the full year 2022 given in February 2022.

TotalEnergies Q2 Profit Surges, Adj. EPS Tops View; Plans Up To $2 Bln Share Buyback In Q3

French oil and gas company TotalEnergies SE (TTE, TTE.L) reported Thursday that its second-quarter net income (TotalEnergies share) more than doubled to $5.69 billion from last year’s $2.21 billion euros.

Adjusted net income (TotalEnergies share) was $9.80 billion, higher than last year’s $3.46 billion. Adjusted earnings per share were $3.75, compared to $1.27 a year ago.

On average, four analysts polled by Thomson Reuters expected earnings of $3.21 per share for the quarter. Analysts’ estimates typically exclude special items.

In euro terms, adjusted earnings per share were 3.50 euros, compared to 1.06 euros last year.

Adjusted EBITDA was $18.74 billion, up from $8.67 billion last year.

Revenues from sales climbed 69 percent to $70.46 billion from $41.64 billion a year ago.

Further, the Board of Directors approved the distribution of the 2022 second interim dividend in the amount of 0.69 euro/share, up 5 percent year-on-year.

The board also authorized the Company to continue share buybacks of up to $2 billion in the third quarter.

Looking ahead for the third quarter, the company expects production to be stable sequentially.

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

RELX H1 Adj. Profit Rises; Reaffirms Full Year Outlook

RELX (REL.L,RLXXF.PK,RELX) reported adjusted profit before tax of 1.16 billion pounds for the first half of 2022 compared to 953 million pounds, prior year. Adjusted earnings per share increased to 47.2 pence from 40.0 pence.

Reported profit before tax increased to 998 million pounds from 825 million pounds, prior year. Reported earnings per share was 39.5 pence compared to 34.5 pence.

Revenue was 3.97 billion pounds, a constant currency growth of 13% from last year.

Looking forward, the Group continues to expect full year underlying growth rates in revenue and adjusted operating profit, as well as constant currency growth in adjusted earnings per share, to remain above historical trends.

The Board declared an interim dividend of 15.7 pence, an increase of 10%.

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

Stephen Colbert Thinks a New Trump Investigation Has Potential

Colbert said he was “potentially very excited” about the Department of Justice’s “potential” investigation into Trump.

Send any friend a story

As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share.

By Trish Bendix