Revenue – From The Desk Of Mike Stewart http://fromthedeskofmikestewart.com/ Thu, 11 Aug 2022 10:04:27 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://fromthedeskofmikestewart.com/wp-content/uploads/2021/06/icon-53.png Revenue – From The Desk Of Mike Stewart http://fromthedeskofmikestewart.com/ 32 32 Yahsat announces record turnover | Advanced Television https://fromthedeskofmikestewart.com/yahsat-announces-record-turnover-advanced-television/ Thu, 11 Aug 2022 09:53:51 +0000 https://fromthedeskofmikestewart.com/yahsat-announces-record-turnover-advanced-television/ Abu Dhabi-based satellite operator Yahsat reported second-quarter profit of $25.3 million (€24.4 million) and posted its highest-ever half-year revenue, in increase of 8.1%. Yahsat (officially Al Yah Satellite Communications Co), which is listed on the Abu Dhabi Stock Exchange, reported half-year revenue of $206 million. Yahsat’s growth momentum continued in the second quarter of 2022 […]]]>

Abu Dhabi-based satellite operator Yahsat reported second-quarter profit of $25.3 million (€24.4 million) and posted its highest-ever half-year revenue, in increase of 8.1%.

Yahsat (officially Al Yah Satellite Communications Co), which is listed on the Abu Dhabi Stock Exchange, reported half-year revenue of $206 million. Yahsat’s growth momentum continued in the second quarter of 2022 with revenue of $107 million, an increase of 6.9% year-on-year. Both managed solutions and mobility solutions performed exceptionally well, according to the company, with first-half 2022 revenue growing 35.1% and 24.1% respectively.

Its Africa-based YahClick broadband subscriber base grew by 24%. YahClick helps connect 28 nations in Southwest Asia, Africa and the Middle East. The company recently won a contract with the government of Zimbabwe to connect schools.

Yahsat’s forecast expects total revenue in 2022 to be at least $420 million (and with the upper limit at $440 million).

Ali Al Hashemi, Group CEO, said, “Yahsat delivered outstanding results, recording its highest revenue in the first half and demonstrating our performance-driven culture to deploy innovative capabilities and grow the business. Our contracted future revenue exceeds AED 7.7 billion, or 5.2 times annual revenue in FY2021. Looking ahead, we remain on track to bring our new satellite into commercial service. generation, Thuraya 4-NGS, in the second half of 2024, while two new satellites, Al Yah 4 and Al Yah 5, are under consideration for launch in 2026. We remain very confident in our short and long term prospects , and have accordingly increased the lower bound of our fiscal 2022 revenue guidance, while reiterating our commitment to pay a progressive dividend.

Yahsat said its dividend payments would increase by 2% per year. For fiscal year 2022, the expected total dividend is at least 4.39 US cents per share, divided into two equal installments payable around October 2022 and May 2023 respectively. This represents a total dividend payment of US$107 million. .

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TELUS (TU) Q2 earnings and revenue best estimates, year-over-year increase https://fromthedeskofmikestewart.com/telus-tu-q2-earnings-and-revenue-best-estimates-year-over-year-increase/ Mon, 08 Aug 2022 17:35:06 +0000 https://fromthedeskofmikestewart.com/telus-tu-q2-earnings-and-revenue-best-estimates-year-over-year-increase/ TELUS Company TU reported adjusted earnings per share of CA$0.32 per share (25 cents per share) in the second quarter of 2022, compared to CA$0.26 per share in the year-ago quarter. The net result beat Zacks’ consensus estimate by 22 cents. Total quarterly operating revenue increased 7.1% year-over-year to C$4,401 million ($3,449 million) due to […]]]>

TELUS Company TU reported adjusted earnings per share of CA$0.32 per share (25 cents per share) in the second quarter of 2022, compared to CA$0.26 per share in the year-ago quarter. The net result beat Zacks’ consensus estimate by 22 cents.

Total quarterly operating revenue increased 7.1% year-over-year to C$4,401 million ($3,449 million) due to strong service revenue from TELUS technology solutions and TELUS International. The top line exceeded the consensus estimate of $3,439 million.

The increase reflects increased demand for premium bundles and strong customer retention efforts which resulted in a total net addition of 247,000 customers in the current quarter.

TELUS Corporation price, consensus and BPA surprise

price-consensus-eps-surprise-graph of TELUS Corporation | TELUS Corporation Submission

Quarterly segment results

TELUS reports revenue in two segments — TELUS Technology Solutions (TTech) and Digitally-Centric Customer Experiences — TELUS International (DLCX).

In the second quarter, TTech’s revenue (arising from customer contracts) increased 4% year-over-year to C$3,701 million, primarily due to higher mobile network revenue and the strong performance of Fixed Data Services, Agriculture, Customers and Healthcare. Mobile network revenue increased 6.4% year-over-year to C$1,623 million due to higher mobile phone ARPU and subscriber growth .

Fixed voice revenue decreased 6.1% year-over-year to C$201 million. This reflects the continued decline in legacy voice revenue due to technology substitution and changes in rate plans. This was partially offset by strong demand for bundled product offerings and the migration of legacy service offerings to IP services.

Healthcare services revenue increased 7.9% to C$137 million, driven by the positive impact of business acquisitions, increased adoption of virtual care solutions, growth in Health Benefits Management and TELUS Health Centers.

Segment adjusted EBITDA of C$1,436 million increased 6.1% year-on-year, driven by an increase in the direct contribution from mobile and fixed products and services, partially offset by an increase in personnel costs and bad debts. Adjusted EBITDA margin was 38.4% compared to 37.9% in the prior year quarter.

TELUS International (DLCX) revenue climbed 21.1% year-over-year to C$797 million. Operating revenue (from customer contracts) increased 22.2% to C$672 million, driven primarily by growth in technology and gaming, banking and financial services, and e-commerce and fintech.

Segment adjusted EBITDA of C$186 million increased 35.6% from the prior year quarter. Adjusted EBITDA margin was 23.4% compared to 20.9% in the prior year quarter.

TELUS’ PureFibre network covered more than 2.8 million premises at the end of the second quarter of 2022, compared to nearly 2.6 million premises in the prior year quarter.

Other details

Adjusted EBITDA increased 8.9% year-over-year to CA$1,622 million, driven by higher internet and data service revenues, higher mobile revenues from a accretive subscriber base and the increased contribution from the acquisition of DLCX.

Cash flow and liquidity

In the second quarter, TELUS generated C$1,250 million of cash provided by operating activities, compared to C$1,244 million in the corresponding quarter last year. Free cash flow for the same period decreased by 2.4% to C$205 million.

Capital expenditures (excluding spectrum licenses) climbed 15.4% year-on-year to C$1,054 million on increased investment in 5G, improved development products and digitization to increase system capacity and reliability.

As of June 30, 2022, the company had C$382 million of net cash and short-term investments with C$21,628 million of long-term debt, compared to C$774 million and C$21,319 million, respectively. , as of March 31, 2022.

Outlook 2022

TELUS expects adjusted EBITDA growth in the range of 8 to 10%. Free cash flow is expected to be between $1 billion and $1.2 billion. The company is confident in its ability to strengthen its operating momentum through an accelerated broadband expansion program and synergies from the recent acquisition of Lifeworks.

Zacks Ranking and Stocks to Consider

TELUS currently has a Zacks rank #3 (Hold).

Some top-ranked stocks in the broader tech space are Cadence Design Systems CDNS, badger meter BMI and Arista Networks A NET. Cadence Design Systems, Badger Meter, and Arista Networks (ANET) each sport a Zacks #1 ranking (Strong Buy). You can see the full list of today’s Zacks #1 Rank stocks here.

The Zacks consensus estimate for CDNS 2022 earnings is pegged at $4.11 per share, up 5.7% over the past 60 days. The long-term earnings growth rate is expected to be 17.7%.

Cadence’s earnings have exceeded the Zacks consensus estimate for the past four quarters, averaging 9.8%. Shares of CDNS have jumped 24.1% over the past year.

The Zacks consensus estimate for BMI’s earnings in 2022 is pegged at $2.30 per share, up 7% over the past 60 days.

Earnings at Badger Meter have exceeded the Zacks consensus estimate in three of the previous four quarters, averaging 12.6%. BMI shares have lost 5.5% of their value over the past year.

Zacks’ consensus estimate for Arista Network’s 2022 earnings is pegged at $3.99 per share, up 8.4% over the past 60 days. The long-term earnings growth rate is expected to be 18.6%.

Arista Network’s earnings have exceeded Zacks’ consensus estimate for the past four quarters, averaging 10.1%. ANET shares have risen 34.9% over the past year.

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TELUS Corporation (TU): Free Stock Analysis Report

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Arista Networks, Inc. (ANET): Free Stock Analysis Report

To read this article on Zacks.com, click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Glenmark Life Sciences Limited reported a 7.3% shortfall: analysts review their models https://fromthedeskofmikestewart.com/glenmark-life-sciences-limited-reported-a-7-3-shortfall-analysts-review-their-models/ Sun, 07 Aug 2022 02:20:15 +0000 https://fromthedeskofmikestewart.com/glenmark-life-sciences-limited-reported-a-7-3-shortfall-analysts-review-their-models/ Glenmark Life Sciences Limited (NSE:GLS) Shareholders are likely a bit disappointed, as its shares fell 3.2% to ₹449 in the week after its latest quarterly results. Results look mixed – while revenue was slightly below analysts’ estimates at ₹5.0 billion, statutory earnings were in line with expectations at ₹35.63 per share. It’s an important time […]]]>

Glenmark Life Sciences Limited (NSE:GLS) Shareholders are likely a bit disappointed, as its shares fell 3.2% to ₹449 in the week after its latest quarterly results. Results look mixed – while revenue was slightly below analysts’ estimates at ₹5.0 billion, statutory earnings were in line with expectations at ₹35.63 per share. It’s an important time for investors, as they can follow a company’s performance in its report, watch what experts are predicting for next year, and see if there’s been a change in company expectations. ‘company. With that in mind, we’ve rounded up the latest statutory forecasts to see what analysts expect for next year.

See our latest analysis for Glenmark Life Sciences

NSEI: GLS Earnings and Revenue Growth August 7, 2022

Following the latest results, the four analysts at Glenmark Life Sciences now forecast revenue of ₹22.8 billion in 2023. This would represent a solid 8.7% improvement in sales over the past 12 months. Earnings per share are expected to increase by 8.6% to ₹37.81. Prior to this earnings report, analysts were forecasting revenue of ₹24.1 billion and earnings per share (EPS) of ₹39.08 in 2023. It’s pretty clear that pessimism kicked in after the latest earnings , leading to a weaker earnings outlook and a minor downward revision to earnings per share estimates.

The consensus price target fell 5.4% to ₹625, with the weaker earnings outlook clearly leading the valuation estimates. It might also be instructive to look at the range of analysts’ estimates, to gauge how different the outlier opinions are from the mean. There are different perceptions on Glenmark Life Sciences, with the most bullish analyst pricing it at ₹682 and the most bearish at ₹613 per share. Even so, with a relatively close group of estimates, it appears that analysts are quite confident in their valuations, suggesting that Glenmark Life Sciences is an easy company to predict or that analysts are all using similar assumptions.

Of course, another way to look at these predictions is to put them in context with the industry itself. Analysts certainly expect Glenmark Life Sciences’ growth to accelerate, with projected annualized growth of 12% through the end of 2023 ranking favorably alongside historic growth of 4.0% per year over the past year. the last year. Compare that with other companies in the same industry, which are expected to increase revenue by 11% per year. Factoring in the expected revenue acceleration, it’s pretty clear that Glenmark Life Sciences should grow at about the same rate as the industry as a whole.

The essential

The most important thing to remember is that analysts have lowered their earnings per share estimates, which shows that there has been a clear drop in sentiment following these results. Unfortunately, they also lowered their sales forecast, but the business is still expected to grow at about the same rate as the industry itself. Additionally, analysts have also cut their price targets, suggesting the latest news has led to greater pessimism about the company’s intrinsic value.

Continuing this thinking, we believe that the company’s long-term outlook is much more relevant than next year’s results. We have estimates – from several Glenmark Life Sciences analysts – going out to 2025, and you can view them for free on our platform here.

However, you should always think about the risks. Concrete example, we spotted 1 warning sign for Glenmark Life Sciences you should be aware.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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Hearings will be held in August and September for Riley Co’s revenue neutrality rate requirement. https://fromthedeskofmikestewart.com/hearings-will-be-held-in-august-and-september-for-riley-cos-revenue-neutrality-rate-requirement/ Tue, 02 Aug 2022 19:02:00 +0000 https://fromthedeskofmikestewart.com/hearings-will-be-held-in-august-and-september-for-riley-cos-revenue-neutrality-rate-requirement/ RILEY CO., Kan. (WIBW) – Public hearings will be held in August and September for Riley County’s revenue-neutral rate requirement. Beginning Aug. 10, the Riley Co. says the clerk’s office will send notices to county property owners to include estimated 2022 ad valorem taxes and public hearing information for their areas. He said the notice […]]]>

RILEY CO., Kan. (WIBW) – Public hearings will be held in August and September for Riley County’s revenue-neutral rate requirement.

Beginning Aug. 10, the Riley Co. says the clerk’s office will send notices to county property owners to include estimated 2022 ad valorem taxes and public hearing information for their areas. He said the notice is not a tax invoice and no action or response is required for the information package only.

The county noted that the 2022 revenue-neutral rate public hearing will be held at 9:55 a.m. on Monday, Sept. 19, at the Riley Co. Commission Chambers, 115 N 4th St. in Manhattan.

The county said Kansas law now requires all taxing authorities to hold a public hearing and send notice to property owners if proposed budgets exceed the revenue neutral rate. He said revenue is neutral when a tax entity budgets the same amount of property tax revenue — in dollars — for the upcoming budget year as it does for the current year.

For example, the county said that if a taxing entity used $1 million in property tax revenue in 2022, natural revenue would mean it also planned to use only $1 million in 2023.

The county noted that if a taxing entity planned to use more property tax revenue in the next budget year — even $1 more — it would exceed natural revenue and a public hearing would be triggered.

According to the county, Kansas law allows local governments to levy property taxes. In addition to cities, townships and counties, he said taxing entities include special districts like schools, hospitals, fire departments, cemeteries, watersheds and libraries. Each entity that plans to use tax revenue in excess of its 2022 budget is required by the state to hold a public hearing.

For more information on upcoming public hearings, click HERE.

Copyright 2022 WIBW. All rights reserved.

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Kochi Corp Loses Revenue But Ignores Listener Suggestions | Kochi News https://fromthedeskofmikestewart.com/kochi-corp-loses-revenue-but-ignores-listener-suggestions-kochi-news/ Mon, 01 Aug 2022 02:52:00 +0000 https://fromthedeskofmikestewart.com/kochi-corp-loses-revenue-but-ignores-listener-suggestions-kochi-news/ Kochi: Auditors have identified flaws in the administration of the Kochi company over the past few years. According to the standards, the civic bodies should hold a special session to discuss and resolve the issues identified in the audit report of each year, but the authorities of the company could not convene a single meeting […]]]>
Kochi: Auditors have identified flaws in the administration of the Kochi company over the past few years. According to the standards, the civic bodies should hold a special session to discuss and resolve the issues identified in the audit report of each year, but the authorities of the company could not convene a single meeting in this regard during the past few years. last years.
Even though the company has been facing serious financial difficulties for many years, suggestions in audit reports to plug revenue leaks remain ignored by local authorities. Improper the collection of housing tax is one of the shortcomings that have appeared in audit reports for some years. If the authorities had had discussions on how to plug these revenue leaks and made plans to improve tax collection, the civic body’s financial situation would have been much better. “The objections raised in the audit report for 1965 are still not resolved! This shows that the company’s authorities have not called a special board meeting to discuss each year’s audit report for decades. According to the standards, a special council must be convened once the audit report for the year is out. Then only corrective action can be taken,” said CK Stone, a former adviser. “In some cases, the civil servants responsible for the liabilities caused to the local body would retire without paying the penalty. According to a court verdict, the company can withhold a maximum of 15% of the total pension benefits of the civil servant who auditors found caused debt to the civic body. While the civil servant would only lose part of his retirement benefit, the liability he would cause to the company would be much higher. The debts of these officials can only be fully recovered after holding a special council and discussing the auditors’ remarks on the loss the officials have caused to the company,” Peter said.
Mayor M Anilkumar said he would soon take steps to convene a special session of the company’s board to discuss the audit reports. “I had submitted the audit report for 2019-2020 to the finance standing committee for discussion. A special board meeting can only be called with the recommendations of the finance standing committee. audit for 2020-21, which came out a few days ago, to the finance standing committee,” Anilkumar said.
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Spending surplus income on new purposes – The Durango Herald https://fromthedeskofmikestewart.com/spending-surplus-income-on-new-purposes-the-durango-herald/ Sat, 30 Jul 2022 11:00:40 +0000 https://fromthedeskofmikestewart.com/spending-surplus-income-on-new-purposes-the-durango-herald/ It’s a good deal to have about $1.2 million, the equivalent of two years of excess tax revenue from tenants, to refund to residents or keep and spend. Council has asked for guidance on how best to use this windfall raised in 2021 and what is planned for 2022. We urge council to spend the […]]]>

It’s a good deal to have about $1.2 million, the equivalent of two years of excess tax revenue from tenants, to refund to residents or keep and spend. Council has asked for guidance on how best to use this windfall raised in 2021 and what is planned for 2022. We urge council to spend the money for new purposes.

The three main options: Refund the money; spend it the way it was originally allocated under the 2021 tenant tax vote measure; or reallocate the money for new purposes. State law requires that excess money be refunded or a vote be taken for the city to keep it and spend it on city services.

We adopt option 3 – new objectives. Before we reveal our wishlist, a gentle reminder to readers of what came before.

Voters narrowly approved a 3.25% renters tax increase in April 2021. The ballot measure allocated 55% to sustainable tourism marketing; 20% for transportation; and 14% for culture and the arts. Advisors can determine how to use the remaining 11%.

So far, the results of the municipal survey clearly indicate what citizens prioritize for “other purposes”. Affordable housing, workforce housing, more arts and transportation funding, parking. Council can deliver what the citizens of Durango say they want and need. Or, at least, sow money and solve pressing problems, and launch projects essential to the future of Durango.

Our list of favorite projects matches the survey results, plus a few new ones.

– Affordable housing. Let’s stop the haemorrhage of exceptional professionals, families and citizens. We will leave the details to the professionals but we need accommodation. Now.

– Workforce housing. Our economy will suffer if we don’t take this demand for skilled and enthusiastic workers seriously.

– Open the library on Sundays. More residents could make better use of our wonderful library with an extra weekend day. If your students are like ours, they are more likely to do their homework on Sunday rather than Saturday. The library would be the place on Sunday.

– Bus service between Aztec and Durango. How about a three-month test to see if this route would benefit New Mexico residents wishing to work in Durango? It could also ease parking.

– Durango Mesa Park, formerly Ewing Mesa. Also, this plan with progress we can see for a bike park, fairgrounds and more to add to what we already have here in Durango.

– Pickleball courts. We are full of riches with two possible sites, the Smith Sports Complex and the Schneider Park. But hey, why choose? Let’s take both. The Smith Sports Complex has the foundations and infrastructure in place. The Schneider Park site is accessible, along the Animas River Trail and scenic. We could accommodate more players, as this sport is gaining ground among young people and seniors.

New goals make for a long ballot. It’s a quick turnaround for the Council to act immediately after the vote. But the Council asks for comments. Likewise, we ask the Council to really hear what citizens are saying.

We understand the seriousness of any decision. We also realize that the easiest route, as recommended by city staff, would be for Council to pursue a utility bill credit as “the best option to meet a 2021 deferred collection refund by December 31, 2022”.

But this excess tenant tax revenue is an opportunity to pause and ask, what do we want Durango to become? How can we get there? It’s enough for us to go a little less far with tourists on days when they seem to outnumber residents. And parking is hard to find.

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Meta Reports First-Ever Drop in Ad Revenue https://fromthedeskofmikestewart.com/meta-reports-first-ever-drop-in-ad-revenue/ Thu, 28 Jul 2022 11:30:08 +0000 https://fromthedeskofmikestewart.com/meta-reports-first-ever-drop-in-ad-revenue/ Meta’s latest earnings report reveals the company’s first ever decline in year-over-year advertising revenue, signaling a downward trend that is likely to continue. Meta’s second quarter 2022 earnings report marks the end of a decade of consecutive advertising revenue growth. We’ll explain why this matters, what it means for marketers, and what’s next for Meta […]]]>

Meta’s latest earnings report reveals the company’s first ever decline in year-over-year advertising revenue, signaling a downward trend that is likely to continue.

Meta’s second quarter 2022 earnings report marks the end of a decade of consecutive advertising revenue growth.

We’ll explain why this matters, what it means for marketers, and what’s next for Meta in light of these numbers.

Meta’s revenue decline is blamed on the economic slowdown

Several factors are contributing to Facebook’s unprecedented revenue decline.

In a conference call with investors, Meta CEO Mark Zuckerberg said his company missed its targets due to an economic downturn that is affecting the entire digital advertising market:

“…we appear to have entered an economic downturn which will have a significant impact on the digital advertising industry. It is always difficult to predict the depth or duration of these cycles, but I would say the situation looks worse than it wasn’t a quarter ago.

In addition to a weak economy, Meta has to contend with Apple’s privacy settings.

The economy is only accelerating a decline in revenue growth that began when Apple allowed users to tell apps not to track their data.

As a result, people see less relevant ads in their feeds because Meta doesn’t have access to as much data about them.

This adds to a grim picture for Meta’s advertising business, and Zuckerberg is warning investors to expect the revenue decline to continue into the next quarter.

It’s not all bad though. In the following section, we will review other highlights from the report.

What are the numbers?

Meta’s advertising revenue fell 1% in the second quarter of 2022 compared to the year-ago period.

Meta earned $28.82 billion from ads, although it expected to earn $28.94 billion.

Zuckerberg’s Metaverse project, known as the Reality Labs division, is a huge expense. Work on the project cost Meta $2.8 billion in the second quarter.

A positive trend to note is that daily active users of Facebook increased by 3%. There are now 1.97 billion people online every day.

Daily active users on Facebook, Instagram, Messenger and WhatsApp increased by 4% compared to last year.

There’s no indication users are losing interest in Meta’s suite of apps, which means there’s an opportunity to increase revenue if the company can find a way to make ads more effective.

This brings us to our next section, where we’ll look at what this means for businesses and marketers using Meta’s applications on a daily basis.

What does all this mean?

Meta applications are not losing popularity in any way.

The audience is there. The problem is that advertisers have smaller budgets and they’re not getting the same value from ads as before.

To address the problem of declining advertising revenue, Meta plans to offer new types of monetization. Specifically, the company is working on ways to make money with Reels.

In response to the Q2 earnings report, Zuckerberg underlines his commitment to building Facebook and Instagram around Reels.

The Reels Viewer is one of the only sections of Facebook and Instagram that is not fully monetized. It is therefore not a revenue generator at the moment, but it could potentially become one in the future.

Zuckerberg says in the earnings call:

“In the short term, the faster Reels grows, the more revenue that shifts from high-monetization products increases.”

Meta’s goal is to be more like TikTok. As Meta focuses more on reels, it will inevitably lead to other types of content being streamed less.

For businesses and marketers, it’s worth thinking about how to fit a short video into the mix to maintain visibility on Meta’s apps.

To that end, if you’re not getting the results you’re looking for with Facebook Ads, Reels could be a viable solution to expand your reach.


Sources:investor.fb.com, CNBC

Featured Image: Rokas Tenys/Shutterstock

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Mississippi College summer camps help generate income for Clinton https://fromthedeskofmikestewart.com/mississippi-college-summer-camps-help-generate-income-for-clinton/ Tue, 26 Jul 2022 02:41:00 +0000 https://fromthedeskofmikestewart.com/mississippi-college-summer-camps-help-generate-income-for-clinton/ CLINTON, Miss. (WLBT) — With schools and colleges closed for the summer, some college towns are struggling without students. However, that is not the case with Clinton. “Definitely having, you know, five-minute road rides, having modest summer camps over the summer. It definitely helps our local businesses retain additional business during these slower months,” said […]]]>

CLINTON, Miss. (WLBT) — With schools and colleges closed for the summer, some college towns are struggling without students. However, that is not the case with Clinton.

“Definitely having, you know, five-minute road rides, having modest summer camps over the summer. It definitely helps our local businesses retain additional business during these slower months,” said Josh Lee, General Manager of The Bank by Pizza Shack.

Local businesses in Olde Towne Clinton say Mississippi College students are economically boosting the downtown area.

“We get a lot of MC students who come in regularly with local Clintonians who just come in regularly,” said Brick Street Pops co-owner Emily Hendon.

“I would say we probably average between 100 and 150 tickets a day,” Lee said.

But what happens when school is out? Mississippi College summer camps seem like the right fit.

“When summer camps are in place, there’s a lot of traffic,” Hendon said. “There are a lot of people walking the streets which kind of creates a fair energy and vibe to this downtown area.”

At The Bank by Pizza Shack during the summer, they have Clinton residents as their primary clientele, but they say that when happy campers come to town, their order numbers increase by 100 a week.

“It’s been interesting for the past two years as well,” Lee said. “We’re going to start seeing the same thing out of town, people who keep coming to the same camp, you know. They’ll say, ‘Oh, we were here last year and had a great time. I wanted to come back and see you all again.

They say that without the MC campers, the three months without students would be difficult for them. With move-in day fast approaching, businesses say they are ready for students to return.

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Copyright 2022 WLBT. All rights reserved.

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Global Traffic Technologies Appoints Chief Revenue Officer https://fromthedeskofmikestewart.com/global-traffic-technologies-appoints-chief-revenue-officer/ Fri, 22 Jul 2022 11:08:00 +0000 https://fromthedeskofmikestewart.com/global-traffic-technologies-appoints-chief-revenue-officer/ ST. PAUL, Minnesota–(BUSINESS WIRE)–Global Traffic Technologies (GTT) has announced a key addition to its leadership team by recruiting Ryan Schultz as chief revenue officer. This addition is part of Global Traffic Technologies’ strategic direction to maintain its leadership in the priority control space while expanding its reach in the addressable market. The role of CRO […]]]>

ST. PAUL, Minnesota–(BUSINESS WIRE)–Global Traffic Technologies (GTT) has announced a key addition to its leadership team by recruiting Ryan Schultz as chief revenue officer. This addition is part of Global Traffic Technologies’ strategic direction to maintain its leadership in the priority control space while expanding its reach in the addressable market. The role of CRO will reinforce the strengths of GTT’s existing commercial organization.

Schultz brings nearly twenty years of experience to GTT with a particular focus on customer satisfaction and lean operations. Throughout his career, he has exemplified his strength and leadership in strategic marketing, product innovation, portfolio management and channel partner programming.

Most recently, Schultz served as Vice President of Products and Solutions at Cinch Home Services, where he led the Product Development, Product Operations and Solutions (Innovation) teams. Previously, he held various global and strategic positions for technology companies such as Honeywell and Stratasys. His experience also includes a seven-year stint at 3M where he grew up to lead marketing for their Toll Services, Traffic Safety & Security division, making him the ideal candidate for GTT.

“Throughout my career, I have focused on cultivating strong collaborative partnerships to deliver customer-centric solutions,” Schultz explained. “I am extremely enthusiastic about the idea of ​​bringing to GTT my spirit of strategic growth and my desire to improve processes. Their values ​​of simplicity, clarity and speed are the ones I align myself with personally and professionally.

Schultz’s nomination comes from GTT President Terry Griffith. “Ryan will be a key member of GTT’s leadership team. His vision and intense customer focus will tremendously strengthen our team,” said Griffith. “We are racing towards a connected future, and this role is essential to deliver on our promises and maintain our market leadership. »

About Global Traffic Technologies

Global Traffic Technologies, LLC (GTT) is the manufacturer of Opticom™ priority control systems and Canoga™ traffic detection systems. For more than 56 years, our solutions have helped increase safety, minimize traffic congestion and reduce greenhouse gas emissions while maximizing efficiency and resource performance. Based in St. Paul, Minnesota, GTT is the market leader in priority control, with more than 180,000 connected devices installed in more than 5,000 city, regional and state agencies, including 48 of the 50 largest US cities. To learn more, please visit gtt.com.

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Baker Hughes shares fall after adjusted earnings and revenue miss expectations as demand deteriorates https://fromthedeskofmikestewart.com/baker-hughes-shares-fall-after-adjusted-earnings-and-revenue-miss-expectations-as-demand-deteriorates/ Wed, 20 Jul 2022 11:14:00 +0000 https://fromthedeskofmikestewart.com/baker-hughes-shares-fall-after-adjusted-earnings-and-revenue-miss-expectations-as-demand-deteriorates/ Shares of Baker Hughes Co. BKR, +3.90% fell 4.3% in premarket trading on Wednesday after the oilfield products and services company reported second-quarter results that beat expectations as component shortages, chain inflation procurement and the suspension of Russian operations weighed on results. Net losses widened to $839 million, or 84 cents per share, from $68 […]]]>

Shares of Baker Hughes Co. BKR,
+3.90%
fell 4.3% in premarket trading on Wednesday after the oilfield products and services company reported second-quarter results that beat expectations as component shortages, chain inflation procurement and the suspension of Russian operations weighed on results. Net losses widened to $839 million, or 84 cents per share, from $68 million, or 8 cents per share, a year ago. Excluding one-time items, adjusted earnings per share rose 10 cents to 11 cents, but missed the FactSet consensus of 21 cents. Revenue fell 1.8% to $5.05 billion, below the FactSet consensus of $5.34 billion. Free cash flow fell 61.8% to $147 million, missing expectations by $235 million. The company said the demand outlook for the next 12 to 18 months is “deteriorating” as inflation erodes consumer purchasing power and the Federal Reserve raises interest rates, but years of underinvestment and the need to replace Russian barrels can keep commodity prices high. levels. The stock has fallen 20.1% in the past three months to Tuesday, while SPDR Energy Select Sector ETF XLE,
+3.08%
fell 10.4% and the S&P 500 SPX,
+2.76%
lost 11.7%.

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