Day: April 22, 2020

OAKDALE, Calif., April 22, 2020 (GLOBE NEWSWIRE) — Oak Valley Bancorp (NASDAQ: OVLY) (the “Company”), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently reported unaudited consolidated financial results for the first quarter of 2020. For the three months ended March 31, 2020, consolidated net income was $2,709,000, or $0.33 per diluted share (EPS). This compared to consolidated net income of $3,191,000, or $0.39 EPS, for the prior quarter and $3,104,000, or $0.38 EPS, for the same period a year ago. The decrease in net income compared to the prior periods was due in large part to an increase in provision for loan losses and the decrease in yield on earning assets resulting from recent FOMC rate cuts.During the first quarter, Oak Valley Community Bank was actively engaged...

PHILADELPHIA, April 22, 2020 (GLOBE NEWSWIRE) — Brandywine Realty Trust (NYSE:BDN) today reported its financial and operating results for the three months ended March 31, 2020.Management Comments“As the current global health crisis and its economic impact continue to evolve daily, new challenges arise and Brandywine is rising to the occasion, with a swift response that prioritizes the health and safety of our employees, tenants, and other stakeholders, and includes clear plans for continued successful business plan execution.” stated Gerard H. Sweeney, President and Chief Executive Officer for Brandywine Realty Trust.  “We are thoughtfully addressing the impact of the near-term realities, while preparing for a range of possible outcomes.  Our operating and financial platform remains strong and secure, with excellent liquidity.  Turning...

Company temporarily closes its Logansport facility, while working closely with Cass County health officials to help keep team members and the community safe during the COVID-19 global health pandemicSPRINGDALE, Ark., April 22, 2020 (GLOBE NEWSWIRE) — Tyson Fresh Meats, Inc., the beef and pork subsidiary of Tyson Foods, Inc. (NYSE: TSN), announced today that its Logansport, Ind., facility will voluntarily close while its more than 2,200 team members undergo testing. The company is working closely with the Cass County Health Department to conduct COVID-19 testing beginning as early as tomorrow. The pork processing facility, which produces three million pounds of pork daily and helps support more than 250 independent family farmers from across nine states, suspended production for one day on April 20 for additional deep cleaning and...

First Quarter 2020 HighlightsAdopted fully new accounting guidance, CECL, with allowance for credit losses to total loans held for investment increasing 62% to 2.51% at March 31, 2020 compared with 1.55% a year ago.Maintained strong regulatory capital ratios after the adoption of CECL.  The Company’s leverage ratio was 12.74% and total risk-based capital ratio was 18.62% at March 31, 2020.  While recent regulatory guidance issued to address the COVID-19 pandemic would allow the Company to defer the effects that adopting CECL has on regulatory capital for up to 5 years, the Company has taken the full impact at March 31, 2020, which is reflected in its regulatory capital ratios.Tangible equity plus allowance for credit losses totaled $353 million, or 21.5% of total loans held for investment, at March 31, 2020, which provides overall credit...

CALGARY, Alberta, April 22, 2020 (GLOBE NEWSWIRE) — Acceleware® Ltd. (“Acceleware” or the “Company”) (TSX-V: AXE), an innovator and leading developer of transformational clean-tech energy technologies, today announced its financial and operating results for the year ended December 31, 2019 (all figures are in Canadian dollars unless otherwise noted). Acceleware’s year end results reflect contributions from the Company’s two business units, comprised of radio frequency heating technology (“RF Heating”) which supports cost-effective and environmentally friendly extraction of heavy oil and bitumen through its proprietary RF XL heating technology, along with high-performance scientific computing applications (“HPC”). This news release should be read in conjunction with the Company’s audited financial statements for the year ended December...

Revenues of $1.287 billion, net income of $23.1 millionEarnings per diluted share of $0.62Absorption ratio 114.3%Board declares cash dividend of $0.13 per share of Class A and Class B common stockManagement suspends share repurchase programOutlook for remainder of year is uncertain due to impact of the COVID-19 pandemicSAN ANTONIO, April 22, 2020 (GLOBE NEWSWIRE) — Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America, today announced that for the quarter ended March 31, 2020, the Company achieved revenues of $1.287 billion and net income of $23.1 million, or $0.62 per diluted share, compared with revenues of $1.348 billion and net income of $37.1 million, or $0.98 per diluted share, in the quarter ended March 31, 2019.  Additionally, the Company’s...

TORONTO, April 22, 2020 (GLOBE NEWSWIRE) — Rogers Communications Inc., a leading diversified Canadian communications and media company, in accordance with Toronto Stock Exchange requirements, announced the voting results from its Annual General Meeting of Shareholders held earlier today.Shareholders voted in favour of all items of business put forth at the meeting, including the appointment of KPMG LLP as its outside auditors and the election of all director nominees. A total of 108,897,003 Class A Voting shares representing 98.01% of the Company’s issued and outstanding Class A Voting stock were voted in connection with the election of directors.A total of 108,943,888 Class A Voting shares representing 98.01% of the Company’s issued and outstanding Class A Voting stock were voted in connection with the appointment of...

THE WOODLANDS, Texas, April 22, 2020 (GLOBE NEWSWIRE) — Lexicon Pharmaceuticals, Inc. (Nasdaq: LXRX) will release its first quarter 2020 financial results on Monday, April 27, 2020 before market opens. Management will conduct a conference call and live webcast at 8:00 a.m. ET (7:00 a.m. CT) that day to discuss the financial results and to provide a business update.Dial-in InformationU.S. Dial-in Number:  (888) 645-5785International Dial-in Number:  (970) 300-1531Conference ID:  9403118Replay InformationU.S. Dial-in Number:  (855) 859-2056Replay International Dial-in Number:  (404) 537-3406Conference ID:  9403118The dial-in replay will be available for 14 days following the call. An audio webcast will be available online in the investor relations section of the company website at www.lexpharma.com/investors, with a webcast replay...

CALGARY, Alberta, April 22, 2020 (GLOBE NEWSWIRE) — Appulse Corporation (“Appulse” or “the Corporation”) (Listed on the TSX Venture Exchange – Symbol ‘APL’) today reported revenues of $11,095,000 for the year ended December 31, 2019, compared to $9,749,000 for the previous year. Income before tax for the 2019 fiscal period was $894,000 compared to $233,000 for the comparative 2018 year. Net income for the 2019 fiscal year was $859,000 ($.06 per share) compared to $168,000 ($.01 per share) for the prior year.   The 14% increase in total revenues during 2019, as compared to the previous year, included a 9% increase in the sale of parts, a 13% increase in service revenues, and a 23% increase in revenue from the sale of centrifuge machines. A volatile economic environment often leads to an increased  interest in high-quality refurbished...

PARSIPPANY, N.J., April 22, 2020 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) today provided preliminary First Quarter 2020 Financial Results as well as a further business update related to COVID-19 to supplement our earlier press release issued on March 23, 2020.Preliminary First Quarter ResultsJanuary and February started out exceptionally strong with Revenue up 9%, continuing the momentum from the end of 2019, and suggesting that 2020 was shaping up to potentially be a record year. March results were significantly impacted as shelter in place orders effectively eliminated travel activity globally.For the First Quarter of 2020, we expect to report total Revenue of $1.7 to $1.8 billion, a 9% decrease at the midpoint, as rental volume was impacted in the second half of March. We expect our net loss to be between $(155)...