Month: May 2023

Net revenues for the first quarter of 2023 increased by 71.2% year-over-year to RMB774 million (US$113 million), compared with RMB452 million for the same period of 2022.Net income for the first quarter of 2023 was RMB18 million (US$3 million), compared with RMB7 million for the same period of 2022. Adjusted net income (non-GAAP)1, which excluded share-based compensation expenses from net income, for the first quarter of 2023 increased by 2114.3% to RMB160 million (US$23 million), compared with RMB7 million for the same period of 2022.EBITDA (non-GAAP)2 for the first quarter of 2023 was RMB90 million (US$13 million). Adjusted EBITDA (non-GAAP)3, which excluded share-based compensation expenses from EBITDA, for the first quarter of 2023 increased by 584.8% to RMB231 million (US$34 million), compared with RMB34 million for the same...

Exceeds First Quarter Earnings Per Share Guidance and Increases Earnings Per Share Outlook for the Full-Year 2023 COLUMBUS, Ohio, May 18, 2023 (GLOBE NEWSWIRE) — Bath & Body Works, Inc. (NYSE: BBWI) today reported first quarter 2023 results. Gina Boswell, CEO of Bath & Body Works, commented, “We delivered first quarter sales in line with our expectations while our EPS was better than anticipated as we saw benefits from our work to improve merchandise margin as well as early benefits from our cost optimization initiatives. I want to thank our team for their continued dedication and efforts in delivering innovation and newness to our customers as well as leveraging the agility of our vertically integrated supply chain to meet demand and capture market opportunities. In addition, we maintained our intense focus on efficiency...

Revenues for the first quarter of 2023 increased by approximately 3% to a record-breaking first quarter result of $142.4 million, compared to $138.7 million in the same period of the previous year OR YEHUDA, Israel, May 18, 2023 (GLOBE NEWSWIRE) — Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (“the Company”), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, announced today its financial results for the first quarter ended March 31, 2023. Summary Results for the First Quarter 2023 (USD in millions, except per share data)  GAAP           Non-GAAP          Q1 2023     Q1 2022     %Change     Q1 2023     Q1 2022     %Change  Revenues $ 142.4     $ 138.7     2.7 %   $ 142.4     $ 138.7     2.7 %Gross Profit $ 38.9     $ 37.6     3.5 %   $ 40.1     $ 38.9     3.1 %Gross...

HONG KONG, May 18, 2023 (GLOBE NEWSWIRE) — UCLOUDLINK GROUP INC. (“UCLOUDLINK” or the “Company”) (NASDAQ: UCL), the world’s first and leading mobile data traffic sharing marketplace, today announced its unaudited financial results for the three months ended March 31, 2023. First Quarter 2023 Financial HighlightsTotal revenues were US$18.0 million, representing an increase of 15.3% from US$15.6 million in the first quarter of 2022. Gross profit was US$8.6 million, representing an increase of 47.4% from US$5.8 million in the first quarter of 2022. Income from operations was US$2.1 million, compared to a loss from operations of US$7.6 million in the first quarter of 2022. Net income was US$2.1 million, compared to a net loss of US$7.9 million in the first quarter of 2022. Adjusted net income (non-GAAP) was US$1.8 million, compared...