Day: November 2, 2020

Silicon Motion Announces Results for the Period Ended September 30, 2020

Financial HighlightsBusiness HighlightsSSD controller sales increased about 20% Q/Q and Y/YeMMC+UFS controller sales declined about 50% Q/Q and about 10% Y/YSSD solutions sales declined about 10% Q/Q and increased about 50% Y/YRepurchased $25.0 million of ADSsPCIe Gen4 SSD controller design-wins with over 10 customers, including 5 NAND flash makersTAIPEI, Taiwan and MILPITAS, Calif., Nov. 03, 2020 (GLOBE NEWSWIRE) — Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion” or the “Company”) today announced its financial results for the quarter ended September 30, 2020.  For the third quarter, net sales (GAAP) decreased sequentially to $126.0 million from $136.8 million in second quarter 2020. Net income (GAAP) decreased to $24.3 million or $0.70 per diluted ADS (GAAP) from net income (GAAP) of $28.2 million or $0.80...

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Delta 9 Achieves Milestone One Millionth Retail Transaction

WINNIPEG, Manitoba, Nov. 02, 2020 (GLOBE NEWSWIRE) — DELTA 9 CANNABIS INC. (TSX: DN) (OTCQX: VRNDF) (“Delta 9” or the “Company”) is pleased to announce it has now surpassed one million transactions through its retail cannabis stores since legalization of recreational use cannabis. The Company opened its first “Delta 9 Cannabis Store” on October 17, 2018 and has since grown its retail store footprint to seven operating stores in the Manitoba and Alberta markets.In addition to achieving the milestone number of transactions, the Company is pleased to provide the following statistics in connection with its retail cannabis business;Over 1,000,000 in-store and online transactionsOver $50 Million in-store and online retail revenuesAverage transaction size of $50.20 per transactionOver 1.5 Million unique website visitors to delta9.caOver...

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Alliant Energy Announces Third Quarter 2020 Results and Increased Annual Common Stock Dividend Target for 2021

MADISON, Wis., Nov. 02, 2020 (GLOBE NEWSWIRE) — Alliant Energy Corporation (NASDAQ: LNT) today announced U.S. generally accepted accounting principles (GAAP) and non-GAAP consolidated unaudited earnings per share (EPS) for the three months ended September 30 as follows:“As we continue to achieve major milestones on our purpose-driven plan — such as completing our 1,150 megawatts wind expansion — we have kept focus on our customers and Powering What’s Next. We recently released our Iowa Clean Energy Blueprint, which includes the addition of up to 400 megawatts of new solar generation,” said John Larsen, Alliant Energy Chairman, President and CEO. “We narrowed and raised our 2020 earnings guidance to a range of $2.40 to $2.46 per share. I am also pleased to share that our Board of Directors has approved a 6% increase in...

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Sprouts Farmers Market Announces Holiday Offerings and Convenient Pre-ordering

PHOENIX, Nov. 02, 2020 (GLOBE NEWSWIRE) — Sprouts Farmers Market is celebrating the goodness of the holidays this year with fresh, healthy and convenient selections across the store and online. Today through November 23, shoppers can reserve turkeys and holiday meats, prepared meals and party trays online at sprouts.com/holiday.Safe and Healthy Holiday HoursSprouts is closely following CDC and local health authority guidelines related to COVID-19 and regularly providing store team members with the latest safety guidance. Stores will be open Thanksgiving 7 a.m.- 4 p.m.; Christmas Eve 7 a.m.- 7 p.m.; Closed Christmas Day; New Year’s Eve 7 a.m.- 8 p.m.; and New Year’s Day 7 a.m.- 10 p.m. (regular hours).Don’t Delay, Pre-order TodayPre-orders are available online at sprouts.com/holiday through November 23, or by texting HOLIDAY to 50392....

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Willis Lease Finance Corporation Reports Third Quarter Pre-tax Profit of $6.0 million

COCONUT CREEK, Fla., Nov. 02, 2020 (GLOBE NEWSWIRE) — Willis Lease Finance Corporation (NASDAQ: WLFC) today reported third quarter total revenues of $70.6 million and pre-tax profit of $6.0 million. The Company reported lower revenue in the third quarter of 2020 as compared to the prior year period, primarily due to the impact of the COVID-19 pandemic. The slowdown in global travel has led to a reduction in aircraft and engine utilization as well as a reduction in demand for aircraft and engine spare parts which keep airline fleets in operation. For the third quarter of 2020, aggregate lease rent and maintenance reserve revenues were $62.3 million and spare parts sales were $2.9 million.“We are pleased to have produced $6.0 million of pre-tax profit in the third quarter as we manage through the substantial impact the pandemic continues...

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PDL Community Bancorp Announces 2020 Third Quarter Results

NEW YORK, Nov. 02, 2020 (GLOBE NEWSWIRE) — PDL Community Bancorp (the “Company”) (NASDAQ: PDLB), the financial holding company for Ponce Bank (the “Bank”) and Mortgage World Bankers, Inc. (“Mortgage World”), reported net income of $4.0 million, or $0.24 per basic and diluted share, for the third quarter of 2020, compared to a net loss of ($571,000), or ($0.03) per basic and diluted share, for the prior quarter and net income of $709,000, or $0.04 per basic and diluted share, for the third quarter of 2019.Ponce Bank is a federal stock savings association with 13 branches in the New York City metropolitan area, including one in Union City, New Jersey. The Bank is designated a Minority Depository Institution, a Community Development Financial Institution and a certified U.S. Small Business Administration lender. Mortgage World is a licensed...

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Oak Ridge Financial Services, Inc. Announces Third Quarter 2020 Results and Quarterly Cash Dividend of $0.06 Per Share

OAK RIDGE, N.C., Nov. 02, 2020 (GLOBE NEWSWIRE) — Oak Ridge Financial Services, Inc. (“Oak Ridge”; or the “Company”) (OTCPink: BKOR), the parent company of Bank of Oak Ridge (the “Bank”), announced unaudited financial results for the third quarter of 2020 and a quarterly cash common dividend of $0.06 per share.Third Quarter 2020 HighlightsBasic and diluted earnings per share of $0.33 for the three months ended September 30, 2020, down $0.13, or 28.6%, from $0.46 for the same period in 2019;Return on average common stockholders’ equity of 8.50% (annualized) for the three months ended September 30, 2020, compared to 11.08% (annualized) for the same period in 2019;Loan loss provisions for the nine months ended September 30, 2020 were $2.2 million, up significantly from $185,000 for the same period in 2019; most of the 2020 loan loss...

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Hallador Energy Company Reports Third Quarter 2020 Financial and Operating Results

TERRE HAUTE, Ind., Nov. 02, 2020 (GLOBE NEWSWIRE) — Hallador Energy Company (NASDAQ – HNRG) today reported net income of $1.9 million, $.06 Per Share. Brent Bilsland, President and Chief Executive Officer, stated, “We are intensely focused on creating positive cash flow to aggressively pay down debt.  Year to date, we have paid down $33 million and are on pace to reduce our total bank debt by 20% – 25% for the year.”During Q3 2020, shipments improved over Q2 levels and our costs of $29.30 per ton remained within our expectations.In the first nine months of 2020, bank debt was reduced by $33 million, and operating cash flow was $34.1 million.  Coal inventories decreased $4.5 million in Q3.  We anticipate shipments increasing in Q4 and inventory levels to continue to decline, further improving operating cash flow.As...

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Nuvei Completes Acquisition of Smart2Pay, Strengthens Presence in High-Growth Digital Markets and Expands Payment Methods

MONTREAL and AMSTERDAM, Nov. 02, 2020 (GLOBE NEWSWIRE) — Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announced it has completed the previously announced acquisition of Smart2Pay Global Services B.V. (“Smart2Pay”).The acquisition strengthens Nuvei’s presence in high-growth digital commerce verticals and further expands the Company’s geographic footprint in additional regions. Furthermore, the transaction creates one of the largest and most complete alternative payment method (APM) solution providers in the world, with 450 APMs supporting online merchants in more than 200 global markets.RBC Capital Markets advised Nuvei on the transaction, while FT Partners advised Smart2Pay.About NuveiWe are Nuvei, the payment technology partner of thriving brands....

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Nuvei finalise l’acquisition de Smart2Pay, renforce sa présence sur les marchés numériques à forte croissance et développe d’autres modes de paiement

MONTRÉAL et AMSTERDAM, 02 nov. 2020 (GLOBE NEWSWIRE) — Nuvei Corporation (« Nuvei » ou « l’entreprise ») (TSX : NVEI et TSX:NVEI.U), le partenaire technologique de paiement des marques prospères, a annoncé aujourd’hui qu’elle a finalisé l’acquisition communiquée précédemment de Smart2Pay Global Services B.V. (« Smart2Pay »).Cette acquisition renforce la présence de Nuvei dans les marchés verticaux à forte croissance du commerce numérique et étend la portée géographique de l’entreprise. De plus, cette transaction donne naissance à l’un des fournisseurs de solutions de paiement alternatives les plus importants au monde, mettant un ensemble complet de 450 méthodes de paiements alternatives à la disposition de marchands en ligne dans plus de 200 marchés mondiaux.RBC Marché des Capitaux a conseillé Nuvei dans le cadre de cette transaction,...

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