Month: May 2020

Creditreform Rating Downgrades Ferratum Oyj to BB/Negative on Coronavirus DisruptionHelsinki, 5 May 2020 – Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS) (“Ferratum” or the “Group”) announces that Creditreform Rating has downgraded Ferratum Oyj’s solicited SME issuer rating  from ‘BBB-‘ outlook stable to ‘BB’. The Outlook on Ferratum’s solicited SME issuer rating is Negative.Creditreform Rating states in their rating letter that the current rating assessment is particularly characterized by the serious global disruption as a consequence of the upcoming global financial and economic crisis.About Ferratum Group:Ferratum Group is an international provider of mobile banking and digital consumer and small business loans, distributed and managed by mobile devices. Founded in 2005 and headquartered in Helsinki, Finland, Ferratum has expanded rapidly...

NEW YORK, May 05, 2020 (GLOBE NEWSWIRE) — AMC Networks Inc. (“AMC Networks” or the “Company”) (NASDAQ: AMCX) today reported financial results for the first quarter ended March 31, 2020.President and Chief Executive Officer Josh Sapan said: “In what has been a unique operating environment, AMC Networks continues to generate significant levels of free cash flow and remains well capitalized with a strong balance sheet and strong liquidity. We continue to make significant progress on our digital initiatives, including strong subscriber growth across our Acorn TV, Shudder, Sundance Now and UMC (Urban Movie Channel) SVOD services, as well as Acorn TV launching in the UK. Our portfolio of networks is delivering increased viewership in recent weeks, including a strong debut of the third season of Killing Eve and strong performance for the...

First Quarter 2020 Revenue $33.1 Million, a 42% Increase Compared to First Quarter 2019Generated $5.6 Million in Cash from Operations during the First Quarter 2020EWING, N.J., May 05, 2020 (GLOBE NEWSWIRE) — Antares Pharma, Inc. (NASDAQ: ATRS) (“the Company”), today reported operating and financial results for the first quarter ended March 31, 2020 with record first quarter revenue of $33.1 million and a net loss per share of $0.01.“Our first quarter revenue performance underscores the strength of our commercial and operations organizations at a time when COVID-19 impacted the global economy and our business during the last month of the quarter. XYOSTED recorded another quarter of double-digit prescription growth over the prior quarter driven once again by a significant increase in both patients and prescribers. We continue to believe...

CRANBURY, N.J., May 05, 2020 (GLOBE NEWSWIRE) — Amicus Therapeutics (Nasdaq: FOLD) a global, patient-dedicated biotechnology company focused on discovering, developing and delivering novel medicines for rare diseases today announced the acceptance of several abstracts for presentation at the American Society of Gene & Cell Therapy 23rd Annual Meeting being held virtually on May 12 – 15. Preclinical data from its Pompe gene therapy program, which Amicus is developing with the Gene Therapy Program of the Perelman School of Medicine at the University of Pennsylvania, will be presented as an oral presentation. Preclinical data related to the CLN6 and CLN8 Batten disease programs, with our partners at Sanford Research and Nationwide Children’s Hospital, will be presented in respective posters.Oral Platform Presentation: Thursday,...

Following is a summary of the “FCA N.V. Q1 2020 RESULTS” press release. A PDF of the complete press release is attached to this email. The document is also available in the media section of the FCA corporate website:https://www.fcagroup.com/it-it/pages/home.aspxFCA reports first quarter results reflecting impacts from COVID-19, with Net loss from continuing operations of €1.7 billion, Adjusted net loss of €0.5 billion. Despite the significant impact of COVID-19, the Group delivered a positive Adjusted EBIT. Available liquidity at March 31, 2020 at €18.6 billion, further strengthened with additional €3.5 billion facility signed in April. Fully prepared to restart production as conditions allow, with actions taken to protect our employees and support our communities, while managing liquidity and financial strength of the Group.AttachmentFCA...

LONG-TERM FUNDAMENTALS OF BUSINESS REMAIN POSITIVE Shipments and Pricing Increased Across Majority of Building Materials Business in the First QuarterCement and Magnesia Specialties Delivered First-Quarter Margin ExpansionCompany Strengthened Balance Sheet through Long-Term Debt Offering in Early MarchCompany Well Prepared for COVID-19 Challenging Operating ConditionsWithdraws Previously-Issued Full-Year 2020 Guidance in Light of COVID-19 UncertaintyRALEIGH, N.C., May 05, 2020 (GLOBE NEWSWIRE) — Martin Marietta Materials, Inc. (NYSE:MLM) (“Martin Marietta” or the “Company”) today reported results for the first quarter ended March 31, 2020. Highlights include:1  Total revenues include the sales of products and services to customers (net of any discounts or allowances) and freight revenues.2  Products and services revenues include...

~ Record quarter for Airlaid Materials and strong results in Composite Fibers, serving essential consumer staples ~~ All production facilities operational with extensive safety protocols in place to protect employees from COVID-19 ~YORK, Pa., May 05, 2020 (GLOBE NEWSWIRE) — Glatfelter (NYSE: GLT), a leading global supplier of engineered materials, today reported its results for the first quarter of 2020 which are summarized in the following table:On an adjusted basis, earnings from continuing operations for the three months ended March 31, 2020 and 2019 were $10.8 million, or $0.24 per share, compared with $7.3 million, or $0.16 per share, respectively. Adjusted earnings is a non-GAAP financial measure for which a reconciliation to the nearest GAAP-based measure is provided within this release. Consolidated net sales totaled $231.6...

TORONTO, May 05, 2020 (GLOBE NEWSWIRE) — Probe Metals Inc. (TSX-V: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is pleased to announce that it has staked an additional 179 claims contiguous to the Pascalis and Megiscane-Tavernier properties on its Val-d’Or East Project in Quebec.  The new claims add 101 square kilometres to the current project land package, increasing it from 334 square kilometres to 435 square kilometres and extend the Megiscane-Tavernier property to the southeast (146 claims) and the Pascalis property to the northwest (33 claims). The new claims were staked along gold structures identified during regional exploration work and add highly prospective ground to the project.  The Val-d’Or East land package represents one of the largest consolidated land packages in the Val-d’Or mining camp.David Palmer, President...

TORONTO, 05 mai 2020 (GLOBE NEWSWIRE) — Probe Metals Inc. (TSX-V : PRB) (OTCQB : PROBF) (« Probe » ou la « Société ») a le plaisir d’annoncer le jalonnement de 179 nouveaux claims contigus aux propriétés Pascalis et Mégiscane-Tavernier sur son projet Val-d’Or Est au Québec. Les nouveaux claims ajoutent 101 kilomètres carrés à la superficie actuelle du projet, qui passe donc de 334 à 435 kilomètres carrés, en agrandissant la propriété Mégiscane-Tavernier au sud-est (146 claims) et la propriété Pascalis au nord-ouest (33 claims). Les nouveaux claims acquis se situent le long de structures aurifères identifiées lors des travaux d’exploration régionale et ajoutent des terrains très favorables au projet. La position de terrain du projet Val-d’Or Est représente l’un des plus grands portefeuilles consolidés dans le camp minier de Val-d’Or.David...

First quarter provision for credit losses of $25.2 million; largely worsening economic forecast, COVID-19 related;Linked quarter loans increased $32.8 million, or 0.9%, to $3.60 billion from $3.57 billion;Linked quarter nonperforming assets as a percent of total assets decreased to 0.24% from 0.26%;Linked quarter tax-equivalent net interest margin(1) increased 5 basis points to 3.03% from 2.98%.TYLER, Texas, May 05, 2020 (GLOBE NEWSWIRE) — Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ:SBSI) today reported its financial results for the quarter ended March 31, 2020. Southside reported net income of $4.0 million for the three months ended March 31, 2020, a decrease of $14.9 million, or 79.0%, compared to $18.8 million for the same period in 2019. Earnings per diluted common share decreased $0.44, or 78.6%, to $0.12...