Day: October 31, 2024

Company delivers Q3 results above the top end of outlook and raises FY 2024 guidance WILMINGTON, Del., Oct. 31, 2024 (GLOBE NEWSWIRE) — InterDigital, Inc. (Nasdaq: IDCC), a mobile, video, and AI technology research and development company, today announced results for the quarter ended September 30, 2024. “In the third quarter we delivered revenues of about $129 million, exceeding the top end of our guidance, driven by a strong performance from our consumer electronics and IoT licensing program,” commented InterDigital CEO and President Liren Chen. “In addition, at the start of the fourth quarter, we announced a new license agreement with OPPO Group, a top smartphone vendor, and a binding arbitration agreement with Lenovo. Given the increasing momentum across the business, we are raising the midpoint of our 2024...

LIBERTY LAKE, Wash., Oct. 31, 2024 (GLOBE NEWSWIRE) — Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced today financial results for its third quarter ended September 30, 2024. Key results for the quarter include (compared with the third quarter of 2023):Revenue of $615 million, increased 10%; Gross profit of $210 million, increased 12%; GAAP net income attributable to Itron, Inc. of $78 million, increased $38 million; GAAP diluted earnings per share of $1.70, increased $0.83 per share; Non-GAAP diluted EPS of $1.84, increased $0.86 per share; Adjusted EBITDA of $89 million, increased 29%; and Free cash flow of $59 million, increased $30 million.“Operational momentum continued during the third quarter and solid execution by our team led to results ahead of expectations.”...

EL MONTE, Calif., Oct. 31, 2024 (GLOBE NEWSWIRE) — GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2024 after the market closes on Thursday, November 7, 2024. The Company will host a conference call to discuss its financial results on the same day at 7:30 PM Eastern Time. To access the conference call, participants should pre-register here to receive the dial-in information and a unique PIN. All participants are encouraged to dial-in 15 minutes prior to the conference call’s start time. A live and archived webcast of the conference call will be accessible on the Company’s investor relations website at https://investors.gigacloudtech.com/news-events/events. About...

Record sales, segment operating margin and earnings per share; EPS outlook increased CLEVELAND, Oct. 31, 2024 (GLOBE NEWSWIRE) — Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the quarter ended September 30, 2024, that included the following highlights (compared with the prior year quarter): Fiscal 2025 First Quarter Highlights:Sales increased 1.2% to $4.9 billion; Organic sales growth was 1.4% Net income was $698 million, an increase of 7%, or $810 million adjusted, an increase of 4% EPS were $5.34, an increase of 7%, or $6.20 adjusted, an increase of 4% Segment operating margin was 22.6%, an increase of 130 bps, or a record 25.7% adjusted, an increase of 80 bps Cash flow from operations was 15.2% of sales, an increase of 14% to $744 million“Through...

17% increase in Total Revenue Year-over-Year NORCROSS, Ga., Oct. 31, 2024 (GLOBE NEWSWIRE) — CoreCard Corporation [NYSE: CCRD], the leading provider of innovative credit technology solutions and processing services to the financial technology and services market, announced today its financial results for the quarter ended September 30, 2024. “Overall revenue of $15.7 million in the third quarter, an increase of 17% compared to last year, exceeded our expectations, reflecting license revenue earlier than expected, continued growth in processing and maintenance revenue and higher professional services revenue. We continue to invest in our platform and processing capabilities, which are showing encouraging results. CoreCard provides a best-in-class credit platform that is extremely well positioned to capture the growing demand...