Delcath Systems Slips To Loss In Q1 – Quick Facts
Delcath Systems Inc. (DCTH) reported that its first-quarter net loss was $6.8 million or $1.04 per share, compared to a net income of $7.9 million last year.
Total operating expenses for the quarter were $7.0 million compared with $5.3 million in the prior year quarter. First quarter expenses included approximately $2.2 million of stock option expense compared to no material stock option expense in the prior year quarter.
Product revenue for the quarter was approximately $0.4 million, compared to $0.3 million for the prior year period from sales of CHEMOSAT procedures in Europe.
U.S. Factory Orders Rebound 1.1% In March, Slightly Less Than Expected
New orders for U.S. manufactured goods showed a notable rebound in the month of March, according to a report released by the Commerce Department on Tuesday.
The Commerce Department said factory orders jumped by 1.1 percent in March after falling by a revised 0.5 percent in February.
Economists had expected factory orders to surge up by 1.3 percent compared to the 0.8 percent drop originally reported for the previous month.
The rebound by factory orders came as orders for durable goods increased by 0.8 percent in March following a 0.9 percent slump in February.
Orders for non-durable goods also shot up by 1.5 percent in March after edging down by 0.1 percent in the previous month.
The report also showed shipments of manufactured goods spiked by 2.1 percent in March after tumbling by 1.9 percent in February.
Inventories of manufactured goods also advanced by 0.7 percent in March following a 0.8 percent increase in the previous month.
With shipments jumping more than inventories, the inventories-to-shipments ratio fell to 1.38 in March from 1.40 in February.
Buddies In Banter Chris Cuomo, Don Lemon To Debut New CNN Podcast ‘The Handoff’
Back-to-back weeknight CNN anchors Chris Cuomo and Don Lemon will debut a new weekly podcast called The Handoff, CNN Audio announced Tuesday.
The show was unabashedly inspired by the on-air banter between the two hosts during handoff on many key issues of the day.
“Each night during the primetime hours of CNN’s television programming, viewers witness the deep love, honest candor, and respect that these two anchors—and friends—have for one another in their unscripted “handoff” conversations between shows. Now, with no broadcast clock to hold them back, they are stepping out from behind their anchor desks to come together and ignite even more personal and hot topic conversations. Nothing is off limits,” CNN said.
The Handoff will be available exclusively with a subscription to the CNN channel on Apple Podcasts when Apple Podcasts Subscriptions debuts later this month.
Chris Cuomo is the brother of New York Gov. Andrew Cuomo.
CNN Audio is the exclusive producer of audio content and podcasts for CNN Worldwide. The news networks latest podcasts also include Behind The Desk: The Story of Late Night, to go with its eponymous late-night TV original series, and a new podcast hosted by medical correspondent Dr. Sanjay Gupta called Chasing Life.
Read More About:
Hochtief Q1 Nominal Net Profit Down
German construction major Hochtief AG (HOCFF.PK) reported that its first-quarter nominal net profit declined to 86.0 million euros from 114.9 million euros in the prior year.
Operational net profit of 99 million euros rose year on year by 2% like for like or 6% prior to the Abertis contribution. Margins remained firm across the Group’s divisions.
New orders increased significantly by over 30% year on year to 5.9 billion euros compared with the 4.5 billion euros secured in the first-quarter 2020 whilst a disciplined bidding approach was maintained across all divisions.
Sales were 4.93 billion euros, down from 6.16 billion euros in the previous year.
Looking forward, Hochtief said it has identified a tender pipeline of relevant projects worth over 620 billion euros for 2021 and beyond supported by 180 billion euros in PPP projects in addition to the numerous stimulus packages approved by governments.
Hochtief expects to achieve an operational net profit in 2021 in the range of 410 million euros to 460 million euros, an increase of 11% to 25% year on year compared to the 368 million euros of 2020 adjusted for the divestment of 50% of Thiess.
WHO Says Covid Variant In India A "global Concern"
The World Health Organization has designated the coronavirus variant that lashes across India as a “variant of global concern”.
The more serious classification is based on the virus B.1.617 mutation causing easy transmission, more severe illness, reduced neutralization by antibodies or reduced effectiveness of treatment and vaccines.
The WHO classification of India Covid variant as ‘global concern’ comes at a time India is struggling with thousands of people dying every day and tens of thousands of others getting infected everyday.
The WHO Foundation on Monday launched the “Together for India” appeal to raise funds to support WHO’s work in India, including the purchase of oxygen, personal protective equipment and medicines.
Speaking at a media briefing on Monday, WHO Director General Dr Tedros Adhanom Ghebreyesus expressed concern over COVID cases and deaths still increasing rapidly in the South-East Asia region.
He said the shocking global disparity in access to vaccines remains one of the biggest risks to ending the pandemic.
High- and upper-middle income countries represent 53 percent of the world’s population, but have received 83 percent of the world’s vaccines.
By contrast, low- and lower-middle income countries account for 47 percent of the world’s population, but have received just 17 percent of the world’s vaccines.