Market News

Telefonica Deutschland reports 1H results
Telefonica Deutschland press release (OTCPK:TELDF): 1H Revenues maintained their growth path, increasing +5.8% y-o-y to EUR 2,003m in Q2 22 (+5.5% y-o-y to EUR 3,949m in H1 22) on sustained mobile service revenue growth momentum despite tough comps4 in the quarter and on strong demand for handsets. OIBDA1 grew +2.7% y-o-y in Q2 22 on improved MSR quality & continued efficiency gains - underlying2 +4.7% y-o-y. C/S of 14.5% – on the back of strong progress with 5G rollout, ambition raised to ~60% pop coverage by YE22 within unchanged Capex envelope. Driving ESG strategy – promoting a sustainable digital future. Expanding FY22 OIBDA outlook upwards to ‘low to low mid-single digit percentage growth.
30 July, 2022г., 03:12
Qualigen Therapeutics files mixed shelf offering of up to $150M
naphtalina/iStock via Getty Images Qualigen Therapeutics (NASDAQ:QLGN) on Friday filed for a mixed shelf offering of up to $150M. The company disclosed the offering in a S-3 filing with the U.S. SEC after hours. The offering consists of a combination of common stock, preferred stock, debt securities, warrants, rights and units. Carlsbad, Calif.-based Qualigen (QLGN) develops cancer therapies. QLGN stock was down 2.1% to $0.41 in postmarket trading. It earlier closed -2.8% at $0.42.
30 July, 2022г., 03:12
Snam S.p.A. Net Profit of €646M, revenue of €1.68B
Snam S.p.A. press release (OTCPK:SNMRF): 1H Net Profit of €646M. Revenue of €1.68B (+9.8% Y/Y).
30 July, 2022г., 03:12
Kinross Gold gets new COO
Kinross Gold (NYSE:KGC) appoints Claude Schimper as Executive VP and COO, effective immediately.  Paul Tomory, Executive VP and Chief Technical Officer, will be leaving the company on August 31, 2022 to pursue new opportunities. Mr. Schimper has more than 30 years of mining experience and first joined Kinross in 2010. Most recently he served as Executive VP, Operations with oversight of the Russia and West Africa regions.
30 July, 2022г., 03:12
Hot Stocks: AMZN pops on earnings; ROKU, HLLY drop; GWW sets 52-week high
da-kuk Strong earnings results from some of the world's highest-profile companies allowed stocks to finish higher again on Friday. The S&P 500 climbed 1.4%, its eighth gain in the past 11 sessions. Amazon (NASDAQ:AMZN) was among the big-name players that drove Friday's gains. Bolstered by strength in its AWS unit, the online retailer posted an earnings-inspired double-digit percentage rally. W.W. Grainger (GWW) also surged in the wake of its quarterly report, climbing to a fresh 52-week high. Not all the earnings news generated good spirits among investors. Roku (ROKU) and Holley (HLLY) both tumbled to 52-week lows following the release of their quarterly updates. Standout Gainer Amazon (AMZN) scored a 10% advance on Friday as investors concentrated on strength in its AWS cloud unit rather than messy results elsewhere in the company. Overall, the online retailer posted a loss for the quarter of $2B, or $0.20 per share. Analysts were looking for a profit. However, results included a $3.9B loss related to the company's stake in Rivian Automotive (RIVN). The company's revenue rose 7% to $121B, beating analysts' consensus by $2B. Sales in the AWS segment surged 33% from last year. AMZN finished the session at $134.95, an advance of $12.67 on the day. The stock has been building strength since hitting an intraday 52-week low of $101.26 in mid-June. This marked its highest close since late April. Standout Loser A weak earnings report prompted a decline in Roku (ROKU), which plunged 23% as TV advertising spending showed a significant slowdown. The company reported revenue of $764M, an increase of nearly 19% from last year. Despite this growth, the top-line figure came in $40M short of analysts' consensus. Looking ahead, the company projected Q3 revenue of $700M, well below the $903M that analysts had predicted. Based on the results, ROKU plummeted by $19.65 to close at $65.52. Shares also touched an intraday 52-week low of $62. Friday's slide added to weakness shown earlier in the year, with the stock now down 72% since the end of 2021. Notable New High W.W. Grainger (GWW) surged to a 52-week high after topping expectations with its latest earnings report. The stock jumped 8% on the news. The industrial and construction products distributor beat estimates with its Q2 profit, thanks to nearly 20% revenue growth. The top-line figure of $3.84B exceeded analysts' consensus by $150M. In addition to the robust quarter, the firm raised its 2022 revenue forecast to $15B-$15.2B. Analysts were looking for a figure of $14.75B. GWW finished the session at $543.53, a rise of $41.65 on the day. During the session, the stock also reached an intraday 52-week high of $544.82. Friday's advance added to gains posted since mid-June. Shares have climbed nearly 20% in the past month. Notable New Low Shares of Holley (HLLY) endured substantial selling pressure following the release of disappointing preliminary results and reduced guidance. The stock fell 37% to set a new 52-week low. Hurt by supply chain tangles, the auto parts maker said its Q2 sales dropped 7% to about $179M, well below the $205M that analysts were projecting. The firm also slashed its Q3 forecast. "Second quarter sales fell short of expectations, driven by microchip shortages and other supply chain challenges that prevented us from building and shipping many of our most popular products," CEO Tom Tomlinson said. HLLY dropped $4.65 to finish at $7.99. This reversed gains recorded over the previous two and a half months. With the slide, HLLY touched an intraday 52-week low of $7.97. For more of the day's best- and worst-performing stocks, head over to Seeking Alpha's On The Move section.
30 July, 2022г., 03:12
CTT - Correios De Portugal, S.A. GAAP EPS of SEK1.21, revenue of SEK58.4M
CTT - Correios De Portugal, S.A. press release (OTCPK:CTTPY): Q2 GAAP EPS of SEK1.21. Revenue of SEK58.4M (+55.7% Y/Y).
30 July, 2022г., 03:12
Gold Road Resources Limited reports 1H results
Gold Road Resources Limited press release (OTCPK:ELKMF): 1H Gold Road’s gold sales totalled a record 44,526 ounces at an average price of A$2,496 per ounce and included the delivery of 8,700 ounces into forward sales contracts. Record free cash flow of $43.6 million for the quarter (March quarter: $1.1 million) before payment of dividends of $3.7 million and transaction costs and cash outflows associated with the DGO Gold Ltd takeover 2 of $12.2 million. Cash and equivalents3 increased to $161.3 million (March quarter: $138.0 million) and no debt drawn.
30 July, 2022г., 03:12
Musk countersues Twitter over $44B deal in a sealed filing
Dimitrios Kambouris/Getty Images Entertainment Billionaire Elon Musk has countersued Twitter (NYSE:TWTR) in their bitter dispute over whether he will be forced to consummate the $44B acquisition deal he made with the company. His counterclaims were filed under seal, meaning that they won't be made public - though some redacted information may be made available soon, under court rules. The countersuit came after a midday deadline for both sides to file evidence discovery requests, and Delaware Chancellor Kathaleen McCormick on Friday officially set a five-day trial beginning Oct. 17. Both sides had agreed in principle to the Oct. 17 start, but the arrival of the discovery deadline firmed the start. Twitter stock (TWTR) rose 1.8% Friday to $41.61, its highest point in more than two months, and up 28% from its depths from when Musk gave notice he intended to terminate the deal on July 8. Recent Twitter (TWTR) filings indicate that it's spent $33M on transaction expenses, and it's set a shareholder vote on the acquisition for Sept. 13.
30 July, 2022г., 03:12
F-35 jets grounded by Air Force over ejection seat concerns
guvendemir/iStock via Getty Images The U.S. Air Force has temporarily grounded most of its fleet of Lockheed Martin (NYSE:LMT) F-35 fighter jets Friday, due to a faulty component in the ejection seat that could endanger pilots in an emergency, Breaking Defense reports. "Out of an abundance of caution, [Air Combat Command] units will execute a stand-down on July 29 to expedite the inspection process," a spokesperson said. "Based on data gathered from those inspections, ACC will make a determination to resume operations." Air Education and Training Command also said it has paused F-35 operations "to allow our logistics team to further analyze the issue and expedite the inspection process." The problem has been found in other types of military planes used in training: The Air Force on Thursday decided to ground nearly 300 training aircraft over the issue, while the Navy and Marine Corps also have grounded some of their fixed-wing aircraft. Lockheed Martin's (LMT) next U.S. Department of Defense contract for several hundred F-35s reportedly will be worth ~$30B.
30 July, 2022г., 03:12
Top Canada oil execs push back against Trudeau's 'unrealistic' emissions plan
Artem_Egorov/iStock via Getty Images Canadian Prime Minister Justin Trudeau's demand for sharp emissions cuts from the energy sector to reach net-zero amounts to government overreach, Imperial Oil (NYSE:IMO) CEO Brad Corson said Friday. "It is very aggressive and stretches the capability of what is technically and economically feasible," Corson said on the company's earnings conference call. "We share the government's objective to tackle climate change in a very proactive manner," Corson said, but urged caution "that we bring the right balance to environmental improvements with continued oil supply." Trudeau's goal of cutting emissions from the energy sector by 42% by 2030 exceeds the Canadian oil industry's proposal to reduce emissions by 30% - a plan that relies heavily on carbon capture technology to reduce oil sands pollution. MEG Energy (OTCPK:MEGEF) CEO Derek Evans told analysts on his company's earnings call that the government's goal is "unrealistic... I don't know how we get to 42%." "Ultimately, the risk could be a cut in production from Canada at a time when these resources are just incredibly, desperately needed worldwide," Cenovus (CVE) CEO Alex Pourbaix said during an investor call Thursday. Imperial (IMO) rose 4% in Friday's trading after reporting Q2 net income rose more than six-fold Y/Y to C$2.41B, or C$3.63/share, as revenues more than doubled to C$17.3B. The company said its upstream production of 413K gross boe/day was the best Q2 total in more than 30 years; gross production at the Kearl oil sands project recovered to 224K bbl/day, and is expected to top 280K gross bbl/day in H2. Imperial Oil (IMO) is undergoing additional share repurchases that should continue to add to the company's value as a long-term investment, The Value Portfolio writes in a bullish analysis posted on Seeking Alpha.
30 July, 2022г., 03:12
Pilbara Minerals reports Q2 results
Pilbara Minerals press release (OTCPK:PILBF): closed the Quarter with a strong cash balance of $874.2M, inclusive of $282.4M of irrevocable bank letters of credit for shipments completed within the Quarter. Production of 127,236 dry metric tonnes of spodumene concentrate (56% increase from the March 2022 Quarter: 81,431 dmt), including first concentrate from the Ngungaju Plant’s fines circuit. Annual FY22 production of 377,902 dmt (34% increase from FY21: 281,098dmt), at the upper end of the guidance range of 340-380,000 dmt.
30 July, 2022г., 03:12
Telefonica S.A. Non-GAAP EPS of €0.07, revenue of €10.04B
Telefonica S.A. press release (NYSE:TEF): Q2 Non-GAAP EPS of €0.07. Revenue of €10.04B (+0.8% Y/Y).
30 July, 2022г., 03:12