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US Reports Lower COVID Metrics At Weekend

Chipper Jones, T.J. Watt, Laurie Hernandez, Paul Rabil, join the growing list presenting at the Ellis County High School Sports Awards

WEC Energy Group Profit Advances In Q1

WEC Energy Group (WEC) announced a profit for its first quarter that climbed from the same period last year.

The company’s profit totaled $510.1 million, or $1.61 per share. This compares with $452.5 million, or $1.43 per share, in last year’s first quarter.

Analysts had expected the company to earn $1.47 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 27.5% to $2.69 billion from $2.11 billion last year.

WEC Energy Group earnings at a glance:

-Earnings (Q1): $510.1 Mln. vs. $452.5 Mln. last year.
-EPS (Q1): $1.61 vs. $1.43 last year.
-Analysts Estimate: $1.47
-Revenue (Q1): $2.69 Bln vs. $2.11 Bln last year.

-Guidance:
Full year EPS guidance: $3.99 to $4.03

Yahoo and AOL are sold, again, for about $5 billion

NEW YORK — Yahoo and AOL are sold, again, for about $5 billion.

MarineMax Buys Cruisers Yachts – Quick Facts

MarineMax, Inc. (HZO) announced the acquisition of KCS International, Inc., known as Cruisers Yachts, headquartered in Oconto, Wisconsin. MarineMax paid $63 million for Cruisers, including the recently acquired Pulaski, WI facility. The company expects the acquisition to be accretive in its first full twelve-month period.

Brett McGill, CEO of MarineMax, said: “The strategic acquisition of Cruisers Yachts benefits our customers by filling a meaningful void in our product portfolio which was created in 2018 by the loss of Sea Ray sport yacht and yacht models. The acquisition also aligns with our long-term strategy of expanding our gross margins by adding a higher margin business.”

EARNINGS SUMMARY: Details of GigaMedia Ltd. Q1 Earnings Report

Below are the earnings highlights for GigaMedia Ltd. (GIGM):

-Earnings: -$0.88 million in Q1 vs. -$0.29 million in the same period last year.
-EPS: -$0.08 in Q1 vs. -$0.03 in the same period last year.
-Revenue: $1.45 million in Q1 vs. $1.60 million in the same period last year.

Itron Q1 Profit Tops Estimates

Itron, Inc. (ITRI) reported first quarter non-GAAP earnings per share of $0.52, compared to $0.57, prior year. On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.42, for the quarter. Analysts’ estimates typically exclude special items.

First quarter GAAP net income was $13 million, compared to $9 million, previous year. GAAP earnings per share was $0.30, compared to $0.21.

First quarter revenue was $520 million, compared to $598 million, last year. Analysts expected revenue of $535.25 million, for the quarter.

The company’s restated non-GAAP EPS range for 2021 is $2.30 to $2.70, with a midpoint of $2.50 per share.

Leoni Reports Positive EBIT Before Items In Q1; Raises Outlook For Sales, Earnings

Leoni AG (LEOGN) announced, based on preliminary figures, first quarter EBIT before exceptional items as well as before VALUE 21 costs was 39 million euros compared to a negative EBIT of 17 million euros, previous year. Sales were 1.35 billion euros compared to 1.13 billion euros.

For 2021, the Board now expects a significant year-on-year increase in Group sales. Previously, the guidance was in the low double-digit percentage range. Group EBIT before exceptional items as well as VALUE 21 costs is expected to improve significantly compared to the previous year and should at least reach break-even, Leoni AG said.

HCA Healthcare To Sell Four Of Its Hospitals In Georgia – Quick Facts

HCA Healthcare, Inc. (HCA) has signed a definitive agreement to sell four of its hospitals in Georgia to Piedmont Healthcare for approximately $950 million. HCA Healthcare currently operates five other hospitals in the state. The company expects the transaction to close in the third quarter of 2021.

The deal covers Eastside Medical Center, a 310 bed hospital in Snellville, Georgia; Cartersville Medical Center, a 119 bed hospital in Cartersville, Georgia; Coliseum Health System as well as Coliseum Center for Behavioral Health in Macon, Georgia.

US Reports Lower COVID Metrics At Weekend

Continuing the downward trend, lower COVID metrics were reported in the United States at the weekend.

29536 new coronavirus cases were reported in the country on Sunday, taking the national total to 33,180,441. The weekly average of daily infection is 49266.

299 new deaths were reported on the same day. With this, the COVID death toll in the U.S. increased to 591,062, according to the latest data from Johns Hopkins University. The 7-day average of COVID deaths is 694.

California reported the most number of deaths – 60, while Florida reported the highest number of cases – 3841.

A total of 25,823,800 people have so far recovered from coronavirus infection in the country.

Los Angeles County reported no new COVID-19 deaths on Sunday, while its test positivity rate was at the lowest level of the pandemic at 0.6 percent. The lower metrics are attributed to reporting delays on weekends.

As India continues struggling to cope with the pandemic’s second wave, new cases crossed the 400,000 threshold for the first time. Hospitals are under severe pressure by a surge of Covid-19 patients, Hundreds of lives are lost due to lack of oxygen.

A number of European countries, including England, Wales, Spain, Portugal, Greece and France have started easing their COVID restrictions as the situation there showed a clear improvement.

Globally, 152,871,267 coronavirus cases were recorded and 3,202,541 people died due to the killer bug since the pandemic began.