Month: July 2020

GULFPORT, Miss., July 21, 2020 (GLOBE NEWSWIRE) — Hancock Whitney Corporation (Nasdaq: HWC) today announced its financial results for the second quarter of 2020, a net loss of $117.1 million, or ($1.36) per diluted common share (EPS). The loss reflects a provision for credit losses of $306.9 million that includes both a special provision related to the sale of $497 million in energy loans and an additional build in the reserve for credit losses related to COVID-19.The sale, which was announced on July 17, 2020, included reserve-based (RBL), midstream and nondrilling service credits. The company will receive proceeds of $257.5 million from the sale of these loans. All loans included in the transaction were re-classified as held for sale as of June 30, 2020, and today’s earnings results include a special provision for credit losses...

BOSTON, July 21, 2020 (GLOBE NEWSWIRE) — Meridian Bancorp, Inc. (the “Company” or “Meridian”) (NASDAQ: EBSB), the holding company for East Boston Savings Bank (the “Bank”), announced net income of $17.3 million, or $0.34 per diluted share, for the quarter ended June 30, 2020, compared to $13.0 million, or $0.25 per diluted share, for the quarter ended March 31, 2020 and $15.2 million, or $0.29 per diluted share, for the quarter ended June 30, 2019. For the six months ended June 30, 2020, net income was $30.3 million, or $0.60 per diluted share, up from $30.2 million, or $0.59 per diluted share, for the six months ended June 30, 2019. The Company’s return on average assets was 1.08% for the quarter ended June 30, 2020, compared to 0.82% for the quarter ended March 31, 2020 and 0.97% for the quarter ended June 30, 2019. For the six...

MIAMI, July 21, 2020 (GLOBE NEWSWIRE) — NCL Corporation Ltd. (“NCLC”), a subsidiary of Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (“NCLH”), announced today that it has closed its previously announced private offering of $750 million aggregate principal amount of its 10.250% senior secured notes due 2026 (the “Secured Notes”). The Secured Notes and certain of the related guarantees will be secured by a first-priority interest in, among other things and subject to certain agreed security principles, one of our vessels. NCLC expects to use the net proceeds from the offering of the Secured Notes to repay its $675 million senior secured revolving credit facility and to pay any related transaction fees and expenses, with the remainder of the net proceeds to be used for general corporate purposes.NCLC has also closed its previously...

MIAMI, July 21, 2020 (GLOBE NEWSWIRE) — Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (the “Company”) announced today that it has closed its underwritten public offering of 19,166,667 ordinary shares of the Company (the “Offering”) at a price to the public of $15.00 per share (including 2,500,000 ordinary shares of the Company issued in connection with the full exercise by the underwriters of their option to acquire additional ordinary shares). The Company expects to use the net proceeds from the Offering for general corporate purposes.J.P. Morgan, Citigroup, Goldman Sachs & Co. LLC, Barclays, Mizuho Securities and UBS Investment Bank acted as joint book-running managers for the Offering.  The Offering was made under an automatic shelf registration statement filed with the U.S. Securities and Exchange Commission (“SEC”)...

ATLANTA, July 21, 2020 (GLOBE NEWSWIRE) — Cardlytics, Inc., (NASDAQ: CDLX), an advertising platform in banks’ digital channels, today announced that its second quarter ended June 30, 2020 financial results will be released on Tuesday, August 4, 2020, after market close. The company will host a conference call and webcast at 5:00 PM (ET) / 2:00 PM (PT) to discuss the company’s financial results.A live audio webcast of the event will be available on the Cardlytics Investor Relations website at http://ir.cardlytics.com/.A live dial-in will be available at (866) 385-4179 (domestic) or (210) 874-7775 (international). The conference ID number is 4382929. Shortly after the conclusion of the call, a replay of this conference call will be available through 8:00 PM ET on August 11, 2020 at (855) 859-2056 (domestic) or (404) 537-3406 (international)....

EL SEGUNDO, Calif., July 21, 2020 (GLOBE NEWSWIRE) — Beyond Meat, Inc. (NASDAQ: BYND), a leader in plant-based meat, announced today it will report results for the second quarter ended June 27, 2020 on Tuesday, August 4, 2020 after market close.The Company will host a conference call to discuss these results at 4:30 p.m. ET. Investors interested in participating in the live call can dial 866-221-1171 from the U.S. and 270-215-9602 internationally. A telephone replay will be available approximately two hours after the call concludes through Wednesday, August 19, 2020, by dialing 855-859-2056 from the U.S., or 404-537-3406 from international locations, and entering confirmation code 4658234.There will also be a simultaneous, live webcast available on the Investors section of the Company’s website at www.beyondmeat.com. The webcast...

CARLSBAD, Calif., July 21, 2020 (GLOBE NEWSWIRE) — GenMark Diagnostics, Inc. (NASDAQ: GNMK) today announced that it plans to release its second quarter earnings results after market close on Tuesday, August 4, 2020. Management will hold a conference call to review the company’s financial performance starting at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time on the same day. The conference call will be concurrently webcast.The link to the webcast will be available on the GenMark Diagnostics, Inc. website at www.genmarkdx.com under the investor relations section and will be archived for future reference. To listen to the conference call, please dial (877) 312-5847 (US/Canada) or (253) 237-1154 (International) and use the conference ID number 1067506 approximately ten minutes prior to the start time.ABOUT GENMARK DIAGNOSTICS...

SUNNYVALE, Calif., July 21, 2020 (GLOBE NEWSWIRE) — Intuitive (the “Company”) (Nasdaq: ISRG), a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery, today announced financial results for the quarter ended June 30, 2020.Q2 HighlightsWorldwide da Vinci procedures decreased approximately 19% compared with the second quarter of 2019, primarily as a result of the significant disruption caused by the COVID-19 pandemic.The Company shipped 178 da Vinci Surgical Systems, a decrease of 35% compared with 273 in the second quarter of 2019.The Company grew its da Vinci Surgical System installed base to 5,764 systems as of June 30, 2020, an increase of 9% compared with 5,270 as of the end of the second quarter of 2019.Second quarter 2020 revenue of $852 million decreased 22% compared with $1,099 million...

BURLINGAME, Calif., July 21, 2020 (GLOBE NEWSWIRE) — ALX Oncology Holdings Inc., (Nasdaq: ALXO) a clinical-stage immuno-oncology company developing therapies that block the CD47 checkpoint pathway, today announced the closing of its initial public offering of 9,775,000 shares of common stock, including the full exercise of the underwriters’ option to purchase up to 1,275,000 additional shares of common stock, at a public offering price of $19.00 per share. The aggregate gross proceeds to ALX Oncology from the offering were approximately $185.7 million, before deducting underwriting discounts and commissions and other offering expenses. All of the shares in the offering were offered by ALX Oncology. ALX Oncology’s common stock began trading on The Nasdaq Global Select Market on July 17, 2020 under the ticker symbol “ALXO.”Jefferies,...