WPP could buy own shares after upturn

first_img Show Comments ▼ Tags: NULL KCS-content Sunday 22 August 2010 9:53 pm WPP, the advertising and media research conglomerate, could surprise investors by announcing a fresh share buyback programme starting next year, analysts at investment bank UBS believe.With the group expected to announce a reduction of debt at its interim results tomorrow, UBS said management could restart the share repurchasing scaled back last year. “Although the impact on numbers would not be hugely significant, this would be hugely positive for sentiment as a signal of improving balance sheet strength and a lack of intention to do large acquisitions,” UBS analyst Alastair Reid wrote in a note.The City has pencilled in a strong first-half performance from Martin Sorrell’s organisation on the back of the South African World Cup and rising advertising spend in Asia. Following a bullish trading update in May, the consensus view among analysts sees revenues staying flat at £4.3bn, but pre-tax profit hitting around £350m from last year’s £179.3m.Investors will be particularly keen to hear Sorrell’s outlook for the second half of the year given the prospect of stuttering US growth. But Deutsche Bank analyst Patrick Kirby said WPP remained “a balanced way” of playing the gradual advertising recovery. WPP could buy own shares after upturn center_img Share More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading Blvd whatsapplast_img read more

I&M Holdings Limited (IM.ke) 2003 Annual Report

first_imgI&M Holdings Limited (IMH.ke) listed on the Nairobi Securities Exchange under the Industrial holding sector has released it’s 2003 annual report.For more information about I&M Holdings Limited (IMH.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the I&M Holdings Limited (IMH.ke) company page on AfricanFinancials.Document: I&M Holdings Limited (IMH.ke)  2003 annual report.Company ProfileI&M Holdings Limited (I&M Bank Group) is a financial services institution providing products and services for the personal, commercial and corporate sectors in Kenya, Tanzania, Rwanda, Uganda and Mauritius. Its product offering ranges from transactional accounts, home and car loans and overdraft and term loans to e-commerce payment and salary processing services, trade finance and insurance premium financing services I&M Bank Group also provides services for foreign exchange, fund transfers, tax payment, bancassurance and agency banking. Its investment management division offers securities accounts and fiduciary services and facilitates the purchase and sale of securities from the stock market and invests in government securities. Its asset finance division caters for personal and corporate clients and covers vehicle and machinery purchases and cash management services. Its head office is in Nairobi, Kenya. I&M Holdings Limitedlast_img read more

Morning Light Co Ltd (MOLI.mu) Q12014 Interim Report

first_imgMorning Light Co Ltd (MOLI.mu) listed on the Stock Exchange of Mauritius under the Tourism sector has released it’s 2014 interim results for the first quarter.For more information about Morning Light Co Ltd (MOLI.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Morning Light Co Ltd (MOLI.mu) company page on AfricanFinancials.Document: Morning Light Co Ltd (MOLI.mu)  2014 interim results for the first quarter.Company ProfileMorning Light Co. Limited engages in the tourism and leisure industry. Morning Light Co. Limited is headquartered in Beau Bassin, Mauritius and owns a resort hotel under the Hilton Mauritius Resort & Spa name. Morning Light Co. Limited is listed on the Stock Exchange of Mauritius.last_img read more

Warning! These 3 FTSE 100 shares could fall further in the stock market crash

first_imgSimply click below to discover how you can take advantage of this. See all posts by Rupert Hargreaves I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Over the past four weeks, shares in some of the most prominent FTSE 100 companies have seen their shares plunge. It doesn’t look as if the pressure these businesses are under is going to end any time soon. In fact, for some FTSE 100 companies, it could get worse before it gets better.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…FTSE 100 companies to avoidAshtead Group (LSE: AHT) is one of the best performing FTSE 100 stocks of the past decade. However, with the UK construction industry effectively shut down, this equipment hire business is almost certainly struggling.So far, management hasn’t updated the market on Ashtead’s performance over the past few weeks. That’s worrying. Most of its FTSE 100’s peers have provided some insight into how the coronavirus outbreak has hit operations.On top of this, the stock is currently dealing at a price-to-earnings (P/E) ratio of 9, compared to the industry average of 8. This projection is based on old forecasts, which suggests it’s now out of date.With that being the case, it looks as if Ashtead might be on track to announce a significant decline in earnings projections for 2020. If it does, there’s a good chance the stock could drop much further from current levels.Rising debtCarnival (LSE: CCL) is the worst-performing FTSE 100 stock this year. The shares have slumped more than 70% since the beginning of the year. It’s easy to see why. Carnival’s whole fleet of cruise ships has been suspended at the cost of $1bn per month.The company is also facing a wave of lawsuits from angry customers around the world. To offset the pressure on its finances, Carnival has raised billions in debt.This should help the business keep the lights on for a few months. But with no end in sight to the coronavirus shutdown at this stage, it’s not very easy to tell if the funding will be enough. With so much uncertainty surrounding Carnival’s outlook, it might be better for investors to stay away from the business for the time being.Even though the shares might look cheap (the stock is dealing at a price-to-book (P/B) ratio of 0.2), if the former FTSE 100 dividend champion runs out of money, the stock could drop to zero.Multiple mistakesUtilities are supposed to be defensive investments. Unfortunately, Centrica (LSE: CNA) didn’t get the memo. The company has warned on profits in four of the last five years. Now it looks as if the business will also take a big hit from COVID-19.While the owner of British Gas is in a better position than FTSE 100 companies like Carnival and Ashtead to weather the storm, its track record of failure is concerning. Management is planning further cost-cutting to offset falling demand for its services, but this could threaten Centrica’s already poor customer service record.Management has also eliminated the group’s dividend for the time being. There’s no telling when the payout will be restored. Considering Centrica’s track record, there’s a good chance management may never be able to reinstate the payout at its previous level.All of the above suggests it might be best to avoid Centrica. The company has been struggling for the past five years, and it’s highly unlikely the business will able to return to growth any time soon in the current environment. “This Stock Could Be Like Buying Amazon in 1997” Rupert Hargreaves | Saturday, 11th April, 2020 | More on: AHT CCL CNA Image source: Getty Images Rupert Hargreaves owns Carnival. The Motley Fool UK has recommended Carnival. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.center_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Warning! These 3 FTSE 100 shares could fall further in the stock market crash Our 6 ‘Best Buys Now’ Shares Enter Your Email Address Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!last_img read more

Villa Wallin / Erik Andersson Architects

first_img Year:  ArchDaily Projects Houses ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/366357/villa-wallin-erik-andersson-architects Clipboard CopyAbout this officeErik Andersson ArchitectsOfficeFollowProductWood#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesHousesSwedenPublished on April 30, 2013Cite: “Villa Wallin / Erik Andersson Architects” 30 Apr 2013. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogMetal PanelsAurubisCopper Alloy: Nordic RoyalGlassMitrexSolar GreenhouseLouvers / ShuttersTechnowoodSunshade SystemsFiber Cements / CementsRieder GroupFacade Panel – Terrazzo BlackStonesCosentinoSurfaces – Silestone® Basiq SeriesIn architectureSikaBuilding Envelope SystemsWoodLunawoodInterior ThermowoodWindowsswissFineLineSliding Windows – EvenMineral / Organic PaintsKEIMBlack Concrete – Concretal®-BlackSuspension SystemsMetawellAluminum Panels for Ceiling SailsDoorsECLISSESliding Door Opening System – ECLISSE Push&PullStonesMarini MarmiNatural Stone – Nuvolato di GréMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Year:  Villa Wallin / Erik Andersson ArchitectsSave this projectSaveVilla Wallin / Erik Andersson Architects “COPY” CopyHouses•Sweden “COPY” Villa Wallin / Erik Andersson Architects Save this picture!© Åke E-son Lindman+ 17 Share Photographs Area:  108 m² Area:  108 m² Year Completion year of this architecture project ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/366357/villa-wallin-erik-andersson-architects Clipboard 2013 photographs:  Åke E-son LindmanPhotographs:  Åke E-son LindmanSave this picture!© Åke E-son LindmanRecommended ProductsFiber Cements / CementsEQUITONEFiber Cement Facade Panel NaturaEnclosures / Double Skin FacadesRodecaRound Facade at Omnisport Arena ApeldoornEnclosures / Double Skin FacadesIsland Exterior FabricatorsCurtain Wall Facade SystemsEnclosures / Double Skin FacadesFranken-SchotterFacade System –  LINEAText description provided by the architects. On Yxlan in the northern Stockholm archipelago, Erik Andersson Architects has designed the archetypal house. Designed strictly by using the proportional ratio of 1:3, the house measures six meters in depth, eighteen meters in length and six meters in height. The facade windows also follow a clear pattern: they are all square in form and have the same size.  Save this picture!© Åke E-son LindmanThe villa is situated on natural ground, surrounded by pine trees and spruces, and much of the surroundings have been preserved. A terrace runs around the building, making it possible for the residents to lounge and enjoy the sun at any time of the day. Glass panels on both sides open views right through the house and provide a constant contact with the sea. The house is clad with horizontal pine panels, painted black with Falu Rödfärg– a traditional Swedish paint that can be traced right back to the 16th century – while the roof is covered with tar felt.   Save this picture!PlanAs a contrast to the black exterior, the interior is dominated by white. Everything from the walls and pine floors is painted white – except for the bathroom, where black tiles cover everything from the walls to the floor, and a window, high up in the ceiling, provides a glimpse of the sky. The house also features a sauna with a panoramic view to the sea and the cruise ships passing by, as well as a custom made outdoor plunge pool, which can be heated for winter use with a wood-fired stove. Project gallerySee allShow lessMontfullà House / Hidalgo HartmannSelected ProjectsHerzog & de Meuron to Design the National Library of IsraelArchitecture News Share Sweden Architects: Erik Andersson Architects Area Area of this architecture project 2013last_img read more

The HAT Soil Health Podcast- Latest Ag Census Says Soil Health…

first_img The HAT Soil Health Podcast- Latest Ag Census Says Soil Health Practices Increasing NationwideOn this month’s HAT Soil Health Podcast presented by the Conservation Cropping Systems Initiative, Northwest Ohio and Northeast Indiana farmer Allen Dean and Ben Wicker, Executive Director of the Indiana Agriculture Nutrient Alliance, discuss the increase in soil health practices as indicated by the 2017 Census of Agriculture.Audio Playerhttps://dts.podtrac.com/redirect.mp3/www.hoosieragtoday.com/wp-content/uploads/2019/05/0519-Soil-Health-Pod.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.Podcast (wirepodcastshat-rss): Play in new window | Download | EmbedSubscribe: RSS The HAT Soil Health Podcast- Latest Ag Census Says Soil Health Practices Increasing Nationwide SHARE By Eric Pfeiffer – May 29, 2019 SHARE Home HAT Soil Health Podcast The HAT Soil Health Podcast- Latest Ag Census Says Soil Health Practices… Previous articleHouse Ag Subcommittee Schedules Hearing on USDA Relocation PlansNext article“The Field…Should Look Green”- Indiana Elementary School’s Facebook Post Goes Viral Eric Pfeiffer Facebook Twitter Facebook Twitterlast_img read more

Cinco de Mayo parade kicks off celebration in Odessa

first_img Facebook Facebook “I saw more people watching. They’re getting out there where they’re being part of what we’re doing. This is a party for the community. … It was good. It was awesome.”Pete and Eva Hernandez, from their spot along Grant, were happy to watch as the sights and sounds of the parade cruised by.“They should keep the tradition going,” said Pete, 67. “(Spectators) find out where their roots are coming from. … We emphasize it to our kid.”“It’s bigger than the last one we saw,” said Eva, celebrating her birthday weekend ahead of turning 67 on Sunday. “We usually try to go to all of them.”Porras said he had both more participants in the parade this year, and, from his vantage point from the utility vehicle humming along with the parade, he saw more onlookers waving on aside the parade route.“There were more people,” Porras said. “They were already sitting down with their lawn chairs. They were ready.“We want it to grow.”Festivities continued throughout Odessa on Saturday. After school functions during the week, and the parade Saturday along with a Cinco de Mayo 5K put together by the Midland Athletic Company and a Victory Run organized by the Midland RockHounds, the 22nd Fiesta West Texas charged on toward starting its last day today at noon at Ector County Coliseum. Twitter Permian High School’s ROTC leads the 2018 Cinco De Mayo Fiesta West Texas Parade Saturday morning on Grant Avenue. The party kicked up on Grant Avenue, with music filling the street, with flags rippling in the air, and with dancing pounding the pavement, as colorful dresses whipped around, and waves and smiles were sent left and right, as the motorcycles rumbled by, the lowriders cruised through, all before horses ridden sidesaddle or sauntering sideways.Cinco de Mayo kicked off Saturday morning with Odessa’s annual parade making its way down Grant, then turning to reach Ector Middle School, before participants and onlookers moseyed their way on and spread the party out with them on their way in the day’s celebration.Area businesses put together floats, individuals teamed to make cavalcades of motorcycles, lowriders and horseback riders, and Ector Middle School presented its soccer teams and dance teams for the event organizer Jesse Porras said was bigger and more successful than previous years.“This year, compared to the last two years, went awesome,” Porras said. “We had more participation. OC employee of the year always learning Home Local News Cinco de Mayo parade kicks off celebration in Odessa Ector Middle School Dance Team performs during 2018 Cinco De Mayo Fiesta West Texas Parade Saturday morning on Grant Avenue. 1 of 7 Twitter ECISD undergoing ‘equity audit’ WhatsApp Ziareli Moreno, 2, center, pets a horse at the 2018 Cinco De Mayo Fiesta West Texas Parade Saturday May 5, 2018, at Ector Middle School. 050518_Fiesta_West_Texas_Parade_jf_01 2021 SCHOOL HONORS: Permian High School Marlyn Soto, 6, waves from the hood of a Ford Bronco during the 2018 Cinco De Mayo Fiesta West Texas Parade Saturday morning on Clements Street. WhatsApp By admin – May 6, 2018 050518_Fiesta_West_Texas_Parade_jf_01 Pinterest Pinterest Virgin Coco MojitoSouthern Style Potato SaladFruit Salad to Die ForPowered By 10 Sec Mama’s Deviled Eggs NextStay Ericks Briones, 15, far left, rides the hood of a pickup in the 2018 Cinco De Mayo Fiesta West Texas Parade Saturday morning on Grant Avenue. Brittany Florez, right, and Juan Luco ride horses during 2018 Cinco De Mayo Fiesta West Texas Parade Saturday morning on Grant Avenue. Previous articleMOSC presents ‘Celebrating Our Heroes’Next articlePERRYMAN: Going digital admin RELATED ARTICLESMORE FROM AUTHOR Local News Cinco de Mayo parade kicks off celebration in Odessalast_img read more

Intuit Adjusts Second Quarter Outlook Reflecting the Impact of a Late Opening to the…

first_img 1,575 1,920 230 2.90 Twitter Facebook 0.06 $ 8,995 $ $ Local NewsBusiness (Unaudited) Reflects estimated adjustments for share based compensation expense of approximately $813 million; professional fees for business combinations of approximately $39 million; amortization of acquired technology of approximately $51 million; and amortization of other acquired intangibles of approximately $152 million. To 0.68 1,055 Revenue To From $ Three Months Ending January 31, 2021 $ Intuit Adjusts Second Quarter Outlook Reflecting the Impact of a Late Opening to the Tax Season; Reiterates Full-Year Guidance 1,570 $ (In millions, except per share amounts) 0.07 8,995 [c] 1,570 Reflects estimated adjustments for share based compensation expense of approximately $180 million; professional fees for business combinations of approximately $30 million; amortization of acquired technology of approximately $14 million; and amortization of other acquired intangible assets of approximately $36 million. $ $ INTUIT INC. ABOUT NON-GAAP FINANCIAL MEASURES The accompanying press release dated February 9, 2021 contains non-GAAP financial measures. Table 1 reconciles the non-GAAP financial measures in that press release to the most directly comparable financial measures prepared in accordance with Generally Accepted Accounting Principles (GAAP). These non-GAAP financial measures include non-GAAP operating income (loss), non-GAAP net income (loss) and non-GAAP net income (loss) per share. Non-GAAP financial measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. These non-GAAP financial measures do not reflect a comprehensive system of accounting, differ from GAAP measures with the same names, and may differ from non-GAAP financial measures with the same or similar names that are used by other companies. We compute non-GAAP financial measures using the same consistent method from quarter to quarter and year to year. We may consider whether other significant items that arise in the future should be excluded from our non-GAAP financial measures. We exclude the following items from all of our non-GAAP financial measures:Share-based compensation expenseAmortization of acquired technologyAmortization of other acquired intangible assetsGoodwill and intangible asset impairment chargesGains and losses on disposals of businesses and long-lived assetsProfessional fees for business combinations We also exclude the following items from non-GAAP net income (loss) and diluted net income (loss) per share:Gains and losses on debt and equity securities and other investmentsIncome tax effects and adjustmentsDiscontinued operations We believe these non-GAAP financial measures provide meaningful supplemental information regarding Intuit’s operating results primarily because they exclude amounts that we do not consider part of ongoing operating results when planning and forecasting and when assessing the performance of the organization, our individual operating segments, or our senior management. Segment managers are not held accountable for share-based compensation expense, amortization, or the other excluded items and, accordingly, we exclude these amounts from our measures of segment performance. We believe our non-GAAP financial measures also facilitate the comparison by management and investors of results for current periods and guidance for future periods with results for past periods. The following are descriptions of the items we exclude from our non-GAAP financial measures. Share-based compensation expenses. These consist of non-cash expenses for stock options, restricted stock units, and our Employee Stock Purchase Plan. When considering the impact of equity awards, we place greater emphasis on overall shareholder dilution rather than the accounting charges associated with those awards. Amortization of acquired technology and amortization of other acquired intangible assets. When we acquire a business in a business combination, we are required by GAAP to record the fair values of the intangible assets of the business and amortize them over their useful lives. Amortization of acquired technology in cost of revenue includes amortization of software and other technology assets of acquired businesses. Amortization of other acquired intangible assets in operating expenses includes amortization of assets such as customer lists, covenants not to compete, and trade names. Goodwill and intangible asset impairment charges. We exclude from our non-GAAP financial measures non-cash charges to adjust the carrying values of goodwill and other acquired intangible assets to their estimated fair values. Gains and losses on disposals of businesses and long-lived assets. We exclude from our non-GAAP financial measures gains and losses on disposals of businesses and long-lived assets because they are unrelated to our ongoing business operating results. Professional fees for business combinations. We exclude from our non-GAAP financial measures the professional fees we incur to complete business combinations. These include investment banking, legal, and accounting fees. Gains and losses on debt and equity securities and other investments. We exclude from our non-GAAP financial measures gains and losses that we record when we impair available-for-sale debt and equity securities and other investments. Income tax effects and adjustments. We use a long-term non-GAAP tax rate for evaluating operating results and for planning, forecasting, and analyzing future periods. This long-term non-GAAP tax rate excludes the income tax effects of the non-GAAP pre-tax adjustments described above, and eliminates the effects of non-recurring and period specific items which can vary in size and frequency. Based on our current long-term projections, we are using a long-term non-GAAP tax rate of 23% for fiscal 2020 and 24% for fiscal 2021. This long-term non-GAAP tax rate could be subject to change for various reasons including significant changes in our geographic earnings mix or fundamental tax law changes in major jurisdictions in which we operate. We will evaluate this long-term non-GAAP tax rate on an annual basis and whenever any significant events occur which may materially affect this rate. Operating results and gains and losses on the sale of discontinued operations. From time to time, we sell or otherwise dispose of selected operations as we adjust our portfolio of businesses to meet our strategic goals. In accordance with GAAP, we segregate the operating results of discontinued operations as well as gains and losses on the sale of these discontinued operations from continuing operations on our GAAP statements of operations but continue to include them in GAAP net income or loss and net income or loss per share. We exclude these amounts from our non-GAAP financial measures. View source version on businesswire.com:https://www.businesswire.com/news/home/20210209005428/en/ CONTACT: Investors Kim Watkins Intuit Inc. 650-944-3324 kim—[email protected] Kali Fry Intuit Inc. 650-944-3036 kali—[email protected] KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: PROFESSIONAL SERVICES SMALL BUSINESS TECHNOLOGY SOFTWARE FINANCE BANKING ACCOUNTING SOURCE: Intuit Inc. Copyright Business Wire 2021. PUB: 02/09/2021 08:00 AM/DISC: 02/09/2021 08:01 AM http://www.businesswire.com/news/home/20210209005428/en $ $ $ [b] Reflects estimated adjustments in item [c], income taxes related to these adjustments, and other income tax effects related to the use of the non GAAP tax rate. $ Previous articleRenesas Updates Popular R-Car V3H with Improved Deep Learning Performance for Latest NCAP Requirements Including Driver and Occupant Monitoring SystemsNext articleSymend to Accelerate Global Expansion by Bringing Total Funding to-date to Over US$100 Million Following US$43 Million Series B Extension Digital AIM Web Support Operating income Adjmts Operating income (loss) $ $ Diluted earnings per share 1,575 $ 3,045 235 Forward-Looking Guidance 0.61 8,810 TAGS  0.67 Non-GAAPRange of Estimate $ Twelve Months Ending July 31, 2021 260 INTUIT INC. By Digital AIM Web Support – February 9, 2021 $ ) $ $ Pinterest $ From 8.20 — Pinterest 1,990 8,810 Revenue $ RECONCILIATION OF FORWARD-LOOKING GUIDANCE FOR NON-GAAP FINANCIAL MEASURES TO PROJECTED GAAP REVENUE, OPERATING INCOME (LOSS), AND EPS [c] $ 2,975 $ TABLE 1 $ $ Twitter WhatsApp $ Facebook Diluted earnings per share (25 [a] WhatsApp MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–Feb 9, 2021– Intuit Inc. (Nasdaq: INTU), maker of TurboTax, QuickBooks, Credit Karma and Mint, today announced that revenue and operating income for its second fiscal quarter were lower than expected due to the tax season opening later this year. The IRS announced it will be accepting and processing returns starting Feb. 12, compared to Jan. 27 last year, with the later start allowing the IRS time to do additional programming and testing of its systems. Intuit reiterated full-year revenue, operating income, and earnings per share guidance. For the second fiscal quarter ended Jan. 31, the company expects to report:Revenue of $1.570 billion to $1.575 billion, down from the prior range of $1.935 billion to $1.965 billion.GAAP operating loss of $30 million to $25 million, down from the prior GAAP operating income range of $171 million to $191 million.Non-GAAP operating income of $230 million to $235 million, down from the prior range of $455 million to $475 million.GAAP diluted earnings per share of $0.06 to $0.07, down from the prior range of $0.43 to $0.49.Non-GAAP diluted earnings per share of $0.67 to $0.68, down from the prior range of $1.25 to $1.31. “We are seeing strong momentum across every business as we execute on our vision of becoming an AI-driven expert platform,” said Sasan Goodarzi, Intuit’s chief executive officer. “We are innovating faster than ever to help put more money in our customers’ pockets when they need it most and remain on track to deliver our full year fiscal 2021 guidance.” Full-year Guidance The company expects full year results for Intuit and all business segments to be in line with guidance issued on Dec. 7, 2020. For fiscal year 2021, the company continues to expect:Revenue of $8.810 billion to $8.995 billion, growth of approximately 15 to 17 percent.GAAP operating income of $1.920 billion to $1.990 billion, a decline of approximately 9 to 12 percent.Non-GAAP operating income of $2.975 billion to $3.045 billion, growth of approximately 12 to 14 percent.GAAP diluted earnings per share of $5.30 to $5.50, a decline of approximately 21 to 23 percent.Non-GAAP diluted earnings per share of $8.20 to $8.40, growth of approximately 4 to 7 percent. Intuit will announce second-quarter results on Feb. 23. About Intuit Intuit is a global technology platform that helps our customers and communities overcome their most important financial challenges. Serving millions of customers worldwide with TurboTax, QuickBooks, Credit Karma and Mint, we believe that everyone should have the opportunity to prosper and work tirelessly to find new, innovative ways to deliver on this belief. Please visit us for the latest news and information about Intuit and its brands and find us on social. About Non-GAAP Financial Measures This press release and the accompanying table include non-GAAP financial measures. For a description of these non-GAAP financial measures, including the reasons management uses each measure, and reconciliations of these non-GAAP financial measures to the most directly comparable financial measures prepared in accordance with Generally Accepted Accounting Principles, please see the section of the accompanying table titled “About Non-GAAP Financial Measures.” A copy of the press release issued by Intuit today can be found on the investor relations page of Intuit’s website. Cautions About Forward-looking Statements This press release contain forward-looking statements within the meaning of applicable securities laws, including the size of the market for tax preparation software and the timing of when individuals will file their tax returns; forecasts and timing of expected growth and future financial results of Intuit and its reporting segments, including Credit Karma; Intuit’s prospects for the business in fiscal 2021 and beyond; and all of the statements relating to second fiscal quarter and full fiscal year 2021 guidance. Forward-looking statements and information usually relate to future events and anticipated revenues, earnings, cash flows or other aspects of our operations or operating results. Forward-looking statements are often identified by the words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could,” “may,” “will,” “estimate,” “outlook” and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward-looking. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause our actual results to differ materially from the expectations expressed in the forward-looking statements. These risks and uncertainties may be amplified by the COVID-19 pandemic, which has caused significant global economic instability and uncertainty. Given these risks and uncertainties, persons reading this communication are cautioned not to place any undue reliance on such forward-looking statements. These factors include, without limitation, the following: our ability to compete successfully; our participation in the Free File Alliance; potential governmental encroachment in our tax businesses; our ability to adapt to technological change; our ability to predict consumer behavior; our reliance on third-party intellectual property; our ability to protect our intellectual property rights; any harm to our reputation; risks associated with acquisition and divestiture activity, including the acquisition and integration of Credit Karma; the issuance of equity or incurrence of debt to fund an acquisition; our cybersecurity incidents (including those affecting the third parties we rely on); customer concerns about privacy and cybersecurity incidents; fraudulent activities by third parties using our offerings; our failure to process transactions effectively; interruption or failure of our information technology; our ability to maintain critical third-party business relationships; our ability to attract and retain talent; any deficiency in the quality or accuracy of our products (including the advice given by experts on our platform); any delays in product launches; difficulties in processing or filing customer tax submissions; risks associated with international operations; changes to public policy, laws or regulations affecting our businesses; litigation in which we are involved; the seasonal nature of our tax business; changes in tax rates and tax reform legislation; global economic changes; exposure to credit, counterparty or other risks in providing capital to businesses; amortization of acquired intangible assets and impairment charges; our ability to repay or otherwise comply with the terms of our outstanding debt; our ability to repurchase shares or distribute dividends; and volatility of our stock price. More details about these and other risks that may impact our business are included in our Form 10-K for fiscal 2020 and in our other SEC filings. You can locate these reports through our website at http://investors.intuit.com. Second quarter and full year fiscal 2021 guidance speaks only as of the date it was publicly issued by Intuit. Other forward-looking statements represent the judgment of the management of Intuit as of the date of this presentation. We do not undertake any duty to update any forward-looking statement or other information in this presentation. 5.50 See “About Non-GAAP Financial Measures” immediately following Table 1 for information on these measures, the items excluded from the most directly comparable GAAP measures in arriving at non-GAAP financial measures, and the reasons management uses each measure and excludes the specified amounts in arriving at each non-GAAP financial measure. $ [b] [a] Reflects estimated adjustments in item [a], income taxes related to these adjustments, and other income tax effects related to the use of the non GAAP tax rate. [d] ) 8.40 5.30 (30 $ [d] $ GAAPRange of Estimate $ —last_img read more

Cllr McDermott says clarity needed around group water schemes

first_img A Donegal County Cllr has said that hundreds of householders on group schemes in the county have no idea if they will or will not be paying water charges.There are some 365 privately sourced group water schemes across the State, with the majority of those in Co Donegal.Cllr Martin McDermott says he has contacted Irish Water and they have told him they have no idea how they are going to bill people.He says clarity is needed:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/02/mmcd.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. NPHET ‘positive’ on easing restrictions – Donnelly By News Highland – February 16, 2015 Nine Til Noon Show – Listen back to Wednesday’s Programme News, Sport and Obituaries on Wednesday May 26th Twitter Cllr McDermott says clarity needed around group water schemes Homepage BannerNews Twitter WhatsApp Pinterest Facebookcenter_img Previous articleMayo too strong for Donegal in National Hurling League Div. 2BNext articleIreland shock West Indies in Cricket World Cup News Highland WhatsApp Three factors driving Donegal housing market – Robinson Pinterest Google+ 448 new cases of Covid 19 reported today Google+ Help sought in search for missing 27 year old in Letterkenny Facebook RELATED ARTICLESMORE FROM AUTHORlast_img read more

Minister McHugh defends criticism of Taoiseach as ‘silly nonsense’

first_imgAudioHomepage BannerNews WhatsApp Twitter Google+ Facebook FT Report: Derry City 2 St Pats 2 News, Sport and Obituaries on Monday May 24th WhatsApp Journey home will be easier – Paul Hegarty Google+ The Government Chief Whip has dismissed Micheál Martin’s latest criticisms of Leo Varadkar as ‘silly nonsense’.The Fianna Fáil leader has accused the Taoiseach of engaging in megaphone diplomacy over the renewal of the confidence and supply arrangement.He also challenged Leo Varadkar to call an election if he wants one.Minister Joe McHugh though dismissed Micheál Martin’s criticism saying if he wants to sort it, he can pick up the phone to the Taoiseach:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2018/06/mchugh.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. RELATED ARTICLESMORE FROM AUTHORcenter_img Pinterest Harps come back to win in Waterford Pinterest Twitter Facebook By News Highland – June 29, 2018 Derry draw with Pats: Higgins & Thomson Reaction Previous articleLowry excited ahead of homecoming at BallyliffinNext articleThird water supply in Donegal identified as at risk News Highland DL Debate – 24/05/21 Minister McHugh defends criticism of Taoiseach as ‘silly nonsense’last_img read more