Day: July 21, 2020

Pretax income of $4.6 millionNet income of $3.0 million, or $0.13 per diluted shareNew contract purchases of $136 millionPretax charges of $12.6 million related to potential losses from the pandemicLAS VEGAS, July 21, 2020 (GLOBE NEWSWIRE) — Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced earnings of $3.0 million, or $0.13 per diluted share, for its second quarter ended June 30, 2020. This compares to net income of $1.8 million, or $0.08 per diluted share, in the second quarter of 2019.Revenues for the second quarter of 2020 were $67.3 million, a decrease of $19.0 million, or 22.0%, compared to $86.3 million for the second quarter of 2019.  Total operating expenses for the second quarter of 2020 were $62.6 million compared to $83.6 million for the 2019 period for a decrease of $20.9 million,...

BOISE, Idaho, July 21, 2020 (GLOBE NEWSWIRE) — Albertsons Companies, Inc. (NYSE: ACI) announced today that it has entered into a tentative agreement with the trustees of the United Food and Commercial Workers International Union (“UFCW”) Union-Industry Pension Fund (“National Fund”), providing that ACI will permanently cease to have any obligation to contribute to the National Fund, a multiemployer pension plan, and will completely withdraw from the National Fund, effective as of June 30, 2020. ACI and the UFCW local unions have entered into a Memorandum of Understanding (MOU) that will instead establish a Variable Annuity Pension Plan (the “VAPP”), effective as of July 1, 2020, providing for future security and service benefits for ACI associates. This agreement will need to be ratified by the membership of each of these unions before...

Revenue of $839 million in Q2’20 grew 49% from Q2’19Q2’20 GAAP earnings per share grew 91% and Non-GAAP earnings per share grew 102% from Q2’19Test revenue grew 59% from Q2’19 on Semiconductor Test strengthIndustrial Automation revenue declined 21% from Q2’19 on global manufacturing weaknessQ3’20 Revenue guidance at mid-point represents 33% growth from Q3’19NORTH READING, Mass., July 21, 2020 (GLOBE NEWSWIRE) — Teradyne, Inc. (NASDAQ: TER) reported revenue of $839 million for the second quarter of 2020 of which $659 million was in Semiconductor Test, $72 million in System Test, $49 million in Wireless Test and $59 million in Industrial Automation (IA). GAAP net income for the second quarter was $188.9 million or $1.05 per diluted share. On a non-GAAP basis, Teradyne’s net income in the second quarter was $229.2 million, or $1.33...

STOUGHTON, Mass., July 21, 2020 (GLOBE NEWSWIRE) — Collegium Pharmaceutical, Inc. (Nasdaq: COLL) announced today that the Company will host a conference call and live audio webcast on Wednesday, August 5, 2020 at 4:30 p.m. Eastern Time. The Company will discuss its financial results and provide a corporate update.Conference Call Information: To access the conference call, please dial (877) 407-8037 (U.S.) or (201) 689-8037 (International) and reference the “Collegium Q2 Earnings Call.” An audio webcast will be accessible from the Investors section of the Company’s website: www.collegiumpharma.com. The webcast will be available for replay on the Company’s website approximately two hours after the event.About Collegium Pharmaceutical, Inc.Collegium is a specialty pharmaceutical company committed to being the leader in responsible...

TORONTO, July 21, 2020 (GLOBE NEWSWIRE) — Golden Tag Resources Ltd. (“Golden Tag” or the “Company“) (TSX.V: GOG) is pleased provide an update on the Company’s strategic opportunities and plans for growth. As silver prices continue to rebound, the Company’s 100% owned San Diego Project is well positioned as one of the largest undeveloped silver projects in Mexico, with significant potential for resource expansion.Key Highlights:The San Diego Project’s potential was confirmed by SGS Canada’s view that the 43-101 silver resources could potentially be expanded based on existing structures, as well as lateral and depth extensions – Managements four key high priority targets include the 1849, Fernandez, Trovador, and Arroyo Zones. The San Diego project is fully permitted for drilling.  A drill program is being designed to...

CHICAGO, July 21, 2020 (GLOBE NEWSWIRE) — R1 RCM Inc. (NASDAQ: RCM), a leading provider of technology-enabled revenue cycle management (RCM) services to healthcare providers, today announced it expects to release financial results for the three months ended June 30, 2020 before market open on Tuesday, August 4, 2020.R1’s management team will host a conference call on August 4 at 7:00 a.m. CT (8:00 a.m. ET) to discuss the results and business outlook. To participate, please dial 833-968-2190 (778-560-2796 outside the U.S. and Canada), using conference code number 5343659. A live webcast and replay of the call will be available at the Investor Relations section of the Company’s website at r1rcm.com.About R1 RCMR1 RCM is a leading provider of technology-enabled RCM services which transform and solve revenue cycle performance challenges...

VANCOUVER, British Columbia, July 21, 2020 (GLOBE NEWSWIRE) — Swiss Water Decaffeinated Coffee Inc. (TSX – SWP) (“Swiss Water” or “the company”) today announced that Donald Tringali was elected to the Board of Directors of the company, effective July 20, 2020.Don Tringali is the founder and Chief Executive Officer of Augusta Advisory Group, a US-based boutique financial and business consulting firm providing a full range of executive, operations and corporate advisory services to leading public and private companies in a wide array of industries. He brings over 30 years of experience as a business lawyer, C-level executive, independent corporate director and board advisor to his new role. Mr. Tringali holds a BA in Economics from UCLA and a JD (Juris Doctor) degree from Harvard Law School.Swiss Water also announced that Diane Fulton...

SOUTH SAN FRANCISCO, Calif., July 21, 2020 (GLOBE NEWSWIRE) — Alector, Inc. (Nasdaq: ALEC), a clinical-stage biotechnology company pioneering immuno-neurology, today announced that the company will highlight preliminary data from a Phase 2 open-label study evaluating AL001 in individuals with frontotemporal dementia at the upcoming 2020 Alzheimer’s Association International Conference being held virtually, July 27-31, 2020.Details for the oral presentation:Presentation Title: AL001 Restores CSF PGRN Levels and Normalizes Disease-associated Biomarkers in Individuals with Frontotemporal Dementia due to Heterozygous Mutations in the Progranulin GeneSession Name: Human: Putative Therapeutic Results for Alzheimer’s and Related DementiasPresenter: Robert Paul, M.D., Ph.D., Chief Medical Officer, AlectorDate: Presentation will be available...

Zaandam, the Netherlands, July 21, 2020 – Ahold Delhaize announces today that its U.S. brand Stop & Shop, reached a tentative agreement to terminate its participation in the United Food & Commercial Workers International Union (UFCW) – Industry Pension Fund (the “National Plan”), through a transaction that the National Plan’s trustees determined to be in the best interests of the National Plan’s participants and beneficiaries. While the plan is not in critical status, the tentative agreement does importantly improve the security of pension benefits for associates as well as reduces financial risk for the company. If ratified by the UFCW Locals, the transaction will be treated as an extraordinary item and will therefore not impact the underlying operating results outlook for 2020. This statement should not be interpreted as an...

KNOXVILLE, Tenn., July 21, 2020 (GLOBE NEWSWIRE) — SmartFinancial, Inc. (“SmartFinancial” or the “Company”; NASDAQ: SMBK), today announced net income of $6.2 million, or $0.41 per diluted common share, for the second quarter of 2020, compared to net income of $2.7 million, or $0.19 per diluted common share for the first quarter of 2020.  Operating earnings (Non-GAAP), which excludes securities gains, merger related and restructuring expenses and non-operating items, totaled $7.3 million, or $0.48 per diluted common share, in the second quarter of 2020, compared to $4.3 million, or $0.30 per diluted common share, in the first quarter of 2020.Highlights for the Second Quarter of 2020