ResMed Q1 Profit Tops View, But Revenues Miss
ResMed Inc. (RMD,RMD.AX) reported that its first-quarter net loss was $78.48 million or $0.54 per share compared to net income of $163.14 million or $1.12 per share in the prior year. The loss was predominantly due to the additional income tax reserve of $254.8 million.
Non-GAAP net income grew by 1 percent to $190.4 million and non-GAAP earnings per share grew by 1 percent to $1.30. Analysts polled by Thomson Reuters expected the company to report earnings of $1.27 per share for the quarter. Analysts’ estimates typically exclude special items.
Net revenue for the quarter was $768.77 million down from $769.46 million in the prior year. Analysts expected revenue of $793.17 million for the quarter.
ResMed board declared a quarterly cash dividend of $0.39 per share. The dividend will have a record date of May 13, 2021, payable on June 17, 2021.
PHOTOS: Patrick Surtain II selected by the Broncos in the 2021 NFL draft – The Denver Post
The Denver Broncos selected Alabama cornerback Patrick Surtain II with the No. 9 pick in the 2021 NFL draft on Thursday in Cleveland.
Surtain, 21, was the first defensive player selected after a run on quarterbacks dominated the first eight selections. The consensus top defender available, Surtain (6-foot-2, 208 pounds) started 38 games for the Crimson Tide in three years.
Read the full story here.
Skyworks Solutions Q2 Profit Climbs
Skyworks Solutions Inc. (SWKS) reported that its net income for the second-quarter climbed to $325.0 million or $1.95 per share from $181.1 million or $1.06 per share in the prior year.
Non-GAAP earnings per share was $2.37 compared to $1.34 in the previous year. Analysts polled by Thomson Reuters expected the company to report earnings of $2.35 per share for the quarter. Analysts’ estimates typically exclude special items.
Revenue for the second fiscal quarter of 2021 was $1.172 billion, up 53% year over year. Analysts expected revenue of $1.15 billion for the quarter.
Looking ahead for the third fiscal quarter of 2021, the company anticipates revenue to be between $1.075 billion and $1.125 billion with non-GAAP earnings per share of $2.13 at the midpoint of revenue range, representing revenue growth of 49% and non-GAAP earnings per share growth of 70%, compared to the third fiscal quarter of 2020. Analysts expect the company to report earnings of $2.10 per share and revenues of $1.07 billion for the third-quarter.
Skyworks declared a cash dividend of $0.50 per share of the company’s common stock, payable on June 8, 2021, to stockholders of record at the close of business on May 18, 2021.
Rockets guard Kevin Porter Jr. passes LeBron James to become youngest with 50+ points and 10+ assists in a game
Houston Rockets guard Kevin Porter Jr. made history Thursday night and passed the King in the process.
Porter Jr. became the youngest player to score 50 or more points and record 10 or more assists in a single game, doing so at 20 years and 360 days old. He passed Los Angeles Lakers star LeBron James, who did so on March 5, 2008 at the age of 23 and 66 days.
Porter posted his historic night in a 143-136 victory against the Milwaukee Bucks, scoring 50 points with 11 assists and four rebounds in 42 minutes.
Porter was instrumental in helping the Rockets erase a 17-point deficit to pull off the upset.
Grading Broncos’ Day 1 of the NFL draft: The Post’s sports staff weigh in on the first round – The Denver Post
April is almost over, which means ‘It’s Gonna Be May.’ Why the meme became so popular
It’s almost May, which means one thing: You are likely going to see a lot of pictures of Justin Timberlake.
As April ticks away, just as the flowers bloom and the temperatures warm, the face of the pop singer increasingly populates our social media feeds through GIFs and images accompanied by four words: “It’s Gonna Be May.”
The springtime meme has been around for years and has even morphed into other forms. But how exactly did it get started? Here’s what you should know about the “It’s Gonna Be May” meme:
What is the meme about?
It originates from the music video for Timberlake’s former group, NSYNC, called “It’s Gonna Be Me.” Timberlake’s singing is notable here because of the way he pronounces “me” in the song, which sounds like “May.”
In some cases, fans of the meme will share it as a GIF direct from the music video, or using images of Timberlake from his NSYNC days with the caption “It’s Gonna Be May.”
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How did it get started?
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Raiders take the fifth Alabama player drafted in the first round.
The Las Vegas Raiders, eager to replenish their offensive line, took Alex Leatherwood of Alabama at No. 17. Last year, Leatherwood (6-foot-5, 312 pounds) won the Outland Trophy, given to the best interior lineman in college football, after allowing just five sacks in 1,400 pass-block snaps. Yet the pick was something of a surprise, because higher-rated linemen were still available.
The Raiders lost Trent Brown, Gabe Jackson and Rodney Hudson this off-season, so they were looking for a lineman to help protect quarterback Derek Carr. The Raiders had the 10th best offense in the league last year.