COVID-19 Impacts Moncler’s First-Half Earnings, Sales

Click here to read the full article.

MILAN — Moncler SpA was not exempt from the consequences of the coronavirus pandemic, on Monday reporting a net loss of 31.6 million euros in the first six months of the year. This compares with a profit of 70 million euros in the first half of 2019.

Earnings before interests and taxes fell to a loss of 35.5 million euros compared to an operating profit of 102.6 million euros in the same period last year. This includes extraordinary costs related to the COVID-19 pandemic of about 40 million euros, comprising of extraordinary inventory write-downs of about 30 million euros and donations to the city of Milan of about 10 million euros.

In the period ended June 30, consolidated revenues were down 29 percent to 403.3 million euros, compared with 570.2 million euros in the first half of 2019.

Moncler underscored that the second

Read More

Garmin (GRMN) to Report Q2 Earnings: What’s in the Offing?

Garmin Ltd. GRMN is scheduled to report second-quarter 2020 results on Jul 29.

For the second quarter, the Zacks Consensus Estimate for revenues is pegged at $625.5 million, indicating a decline of 34.5% from the prior-year quarter.

Further, the Zacks Consensus Estimate for earnings stands at 38 cents per share, suggesting a decline of 67.2% from the year-ago reported figure.

Notably, the company surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 22.11%.

Garmin Ltd. Price and EPS Surprise

Garmin Ltd. Price and EPS Surprise

Garmin Ltd. price-eps-surprise | Garmin Ltd. Quote

Factors to Note

Garmin’s portfolio strength is likely to have benefited its second-quarter performance.

Expanding wearable portfolio might have aided the performance of the company’s fitness segment in the to-be-reported quarter. Moreover, solid demand for Tacx indoor bike trainers, owing to stay-at-home restriction on account of the ongoing pandemic, is

Read More

Edited Transcript of JW.A earnings conference call or presentation 11-Jun-20 2:00pm GMT

HOBOKEN Jul 5, 2020 (Thomson StreetEvents) — Edited Transcript of John Wiley & Sons Inc earnings conference call or presentation Thursday, June 11, 2020 at 2:00:00pm GMT

John Wiley & Sons, Inc. – VP, IR

* Brian A. Napack

John Wiley & Sons, Inc. – President, CEO & Director

* John A. Kritzmacher

John Wiley & Sons, Inc. – Executive VP of Operation, CFO & Interim CAO

CJS Securities, Inc. – MD of Research

Good morning. And welcome to Wiley’s Fourth Quarter Fiscal Year 2020 Earnings Call. As a reminder, this conference is being recorded.

At this time, I’d like to introduce Wiley’s Vice President of Investor Relations, Brian Campbell. Please go ahead.

Brian Campbell, John Wiley & Sons, Inc. – VP, IR [2]

Good morning. And welcome to Wiley’s Fourth Quarter and Fiscal 2020 Earnings Update. On the call with me are Brian Napack, our President and Chief Executive … Read More

Edited Transcript of AEMD earnings conference call or presentation 25-Jun-20 8:30pm GMT

San Diego Jun 30, 2020 (Thomson StreetEvents) — Edited Transcript of Aethlon Medical Inc earnings conference call or presentation Thursday, June 25, 2020 at 8:30:00pm GMT

* Charles J. Fisher

Aethlon Medical, Inc. – Independent Chairman & Member of Extracorporeal Therapy Advisory Board

* James B. Frakes

Aethlon Medical, Inc. – CFO, Senior VP of Finance & Secretary

* Timothy C. Rodell

Aethlon Medical, Inc. – CEO & Director

* Brian W. Marckx

Zacks Investment Research, Inc. – Director of Research and Senior Medical Technology, Medical Device & Diagnostics Analyst

Good afternoon, and welcome to the Aethlon Medical Fourth Quarter Fiscal 2020 Earnings Corporate Update. (Operator Instructions) Please note, this event is being recorded.

I would now like to turn the conference over to Dr. Jim Frakes, Chief Financial Officer. Please go ahead.

James B. Frakes, Aethlon Medical, Inc. – CFO, Senior VP of Finance & Secretary [2]

Thank you, … Read More

Edited Transcript of GRUPOSURA.BG earnings conference call or presentation 18-May-20 1:30pm GMT

Medellin Jun 27, 2020 (Thomson StreetEvents) — Edited Transcript of Grupo de Inversiones Suramericana SA earnings conference call or presentation Monday, May 18, 2020 at 1:30:00pm GMT

Sura Asset Management S.A. de C.V. – VP of Corporate Finance

Grupo de Inversiones Suramericana S.A. – CEO

Grupo de Inversiones Suramericana S.A. – Manager of IR

Grupo de Inversiones Suramericana S.A. – Chief Legal Corporate Affairs Officer & Secretary General

Grupo de Inversiones Suramericana S.A. – CFO & Chief Corporate Finance Officer

Corredores Davivienda S.A., Research Division – Equity Research Leader & Senior Equity Analyst

Welcome to the presentation of results of the first quarter of 2020 at Grupo SURA. My name is Sylvia, and I’ll be your operator for today’s call. (Operator Instructions) Please keep in mind that this teleconference is being taped.

As of now, we give the floor to Juan Carlos Gómez, General Manager of Investor Relations.

Juan Carlos … Read More

Edited Transcript of STBA.OQ earnings conference call or presentation 30-Apr-20 5:00pm GMT

INDIANA Jun 23, 2020 (Thomson StreetEvents) — Edited Transcript of S&T Bancorp Inc earnings conference call or presentation Thursday, April 30, 2020 at 5:00:00pm GMT

* David G. Antolik

S&T Bancorp, Inc. – President, Chief Lending Officer & Director

S&T Bancorp, Inc. – Senior EVP & CFO

* Todd D. Brice

S&T Bancorp, Inc. – CEO & Director

D.A. Davidson & Co., Research Division – VP & Senior Research Analyst

Good day, ladies and gentlemen, and welcome to the S&T Bancorp First Quarter 2020 Earnings Conference Call. (Operator Instructions)

At this time, it is my pleasure to turn the floor over to your host for today, Mr. Mark Kochvar, Chief Financial Officer. Sir, the floor is yours.

Mark Kochvar, S&T Bancorp, Inc. – Senior EVP & CFO [2]

All right. Thank you very much, and good afternoon, everyone. Thank you for participating in today’s conference call. Before beginning the presentation, … Read More

Edited Transcript of RYN earnings conference call or presentation 30-Apr-20 2:00pm GMT

Jacksonville Jun 22, 2020 (Thomson StreetEvents) — Edited Transcript of Rayonier Inc earnings conference call or presentation Thursday, April 30, 2020 at 2:00:00pm GMT

* David L. Nunes

Rayonier Inc. – President, CEO & Director

* Douglas M. Long

Rayonier Inc. – SVP of Forest Resources

* Mark D. McHugh

Rayonier Inc. – Senior VP & CFO

* Paul C. Quinn

RBC Capital Markets, Research Division – Director of Paper and Forest Products & Paper and Forest Products Analyst

Welcome and thank you for joining Rayonier’s First Quarter 2020 Teleconference Call. (Operator Instructions) Today’s conference is being recorded. If you have any objections, you may disconnect at this time.

Now I will turn the meeting over to Mr. Mark McHugh, Senior Vice President and CFO. Sir, you may begin.

Mark D. McHugh, Rayonier Inc. – Senior VP & CFO [2]

Thank you, and good morning. Welcome to Rayonier’s investor teleconference … Read More

Edited Transcript of SATSA.OL earnings conference call or presentation 12-May-20 6:30am GMT

Jun 21, 2020 (Thomson StreetEvents) — Edited Transcript of Sats ASA earnings conference call or presentation Tuesday, May 12, 2020 at 6:30:00am GMT

Good morning, everyone, and welcome to SATS first quarter presentation. We hope you are all doing well and staying healthy. We are presenting today from our office here in Nydalsveien in Norway. My name is Sondre Gravir, the CEO of SATS. And together with me, I also have Cecilie Elde, our CFO, who will run through the financials.

This quarter is, to a large extent, characterized by COVID-19 and the closure of clubs specifically. We will have a Q&A session towards the end of the presentation, and you can post questions online during the presentation through the webcast interface.

But before we dive into the numbers, I would like to remind us all on what is the core of SATS, our vision and our guiding star, and … Read More

Edited Transcript of 3662.T earnings conference call or presentation 12-Jun-20 10:59am GMT

Nagoya-Shi, Aichi Jun 18, 2020 (Thomson StreetEvents) — Edited Transcript of Ateam Inc earnings conference call or presentation Friday, June 12, 2020 at 10:59:00am GMT

Ateam Inc. – President & Representative Director

Hayashi Takao, Ateam Inc. – President & Representative Director [1]

This is Takao Hayashi, President at Ateam Inc. Thank you for watching our webcast for the third quarter financial results of the fiscal year ending July 31, 2020. Let me start my presentation.

First of all, Ateam is an IT company that develops business around the Internet, developing and delivering services for various markets using many different technologies. That is what we do at Ateam.

These are the topics I will be covering in this webcast. I will first describe our medium- and long-term policy, but if you are familiar with this, feel free to skip this portion. Our medium- and long-term policy, beginning with our group management … Read More

Edited Transcript of GO.TO earnings conference call or presentation 3-Jun-20 9:00pm GMT

VANCOUVER Jun 18, 2020 (Thomson StreetEvents) — Edited Transcript of Mogo Finance Technology Inc earnings conference call or presentation Wednesday, June 3, 2020 at 9:00:00pm GMT

Mogo Inc. – Founder, CEO & Chairman

Mogo Inc. – President, CFO & Director

Good afternoon. My name is Mike, and I will be your conference operator today. At this time, I would like to welcome everyone to Mogo’s First Quarter 2020 Earnings Conference Call.

Please note that today’s call contains forward-looking statements that are based on current assumptions and subject to risks and uncertainties that could cause actual results to differ materially from those projected. The company undertakes no obligation to update these statements except as required by law.

Information about these risks and uncertainties is included in Mogo’s filings for Q1 as well as its periodic filings with regulators in Canada and the United States. Also, today’s discussion will include adjusted financial … Read More