Lithia Schedules Release of Third Quarter 2020 Results

Lithia Motors, Inc. (NYSE: LAD) announced its third quarter 2020 earnings will be released before the market opens on Wednesday, October 21, 2020. A conference call to discuss the earnings results is scheduled for the same day at 10:00 a.m. Eastern Time.

How to Participate

The conference call may be accessed by telephone at (877) 407-8029. To listen live on our website or for replay, visit www.lithiainvestorrelations.com and click on webcasts.

About Lithia

Lithia Motors, Inc. is a growth company powered by people and innovation with a 5-year plan to profitably consolidate the largest retail sector in our country. They are a leading provider of personal transportation solutions in the United States and are among the fastest-growing companies in the Fortune 500 (#6 on 10-Year EPS Growth, #4 10-Year TSR in 2020). By providing a wide array of products throughout the entire lifecycle of the consumer’s vehicle ownership experience, they

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Smartphone apps processor revenue surges in quarter two

The global smartphone applications processor (AP) market once again defied the COVID-19 pandemic and grew 20% in revenue terms to $5.8 billion in quarter two (Q2) of 2020, according to Strategy Analytics’ Handset Component Technologies (HCT) service report.

The research group says that Qualcomm, HiSilicon, Apple, MediaTek, and Samsung LSI captured the top-five revenue share spots in the global smartphone applications processor (AP) market in the quarter. Qualcomm maintained its lead of the smartphone AP market with a 32% revenue share, followed by HiSilicon with 22% and Apple with 19%.

Strategy Analytics estimates that smartphone AP shipments declined 16 percent year-on-year in Q2 2020, driven by COVID-19-led weakness. However, increased mix of higher-priced 5G APs more than offset this weakness and helped the AP market to register 20 percent year-on-year revenue growth.

Smartphone APs with on-device artificial intelligence (AI) registered strong growth even as the total market declined and accounted

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IBM spins off a quarter of the company to focus on the cloud

IBM is spinning off a significant part of its business to focus on new opportunities in hybrid cloud growth, the company announced on Thursday.



a man wearing a suit and tie talking on a cell phone: NEW YORK, NY - JUNE 16: SVP and Director at IBM Research Arvind Krishna speaks on stage during the 2016 Wired Business Conference on June 16, 2016 in New York City. (Photo by Brian Ach/Getty Images for Wired)


© Brian Ach/Getty Images for Wired
NEW YORK, NY – JUNE 16: SVP and Director at IBM Research Arvind Krishna speaks on stage during the 2016 Wired Business Conference on June 16, 2016 in New York City. (Photo by Brian Ach/Getty Images for Wired)

The IT services unit of IBM’s Global Technology Services business will become a separate public company. It represents a major departure from IBM’s previous priorities and one of the boldest moves in the company’s more-than-a-century-long history.

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IBM’s managed infrastructure services business represented nearly a quarter of IBM’s revenue last year. But IBM believes its future lies in the hybrid cloud — a technical setup wherein companies may use multiple clouds in addition to their own on-premises servers. IBM’s platform gives

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Micron Technology: Good Quarter, Soft Outlook (NASDAQ:MU)

My coverage on Micron Technology (MU) has been lacking so far in 2020 as the year was and continues to be dominated by Covid-19. In fact, the last update dates back late December as I concluded that a recovery was priced into the shares at $55 at the time.

Shares have fallen by another $10 to $45 due to the impact of Covid-19; yet unlike many semiconductor plays, Micron has not been enjoying the same momentum in its operating business. I like the valuation here, yet am not chasing shares here yet, although I am inclined to buy a further dip.

What Happened?

Over the past decade, Micron has been riding the wave of increased demand for its products for all the obvious reasons and megatrends, which have been underlining the increase in demand. While its business is typically somewhat of a commodity business (certainly in the past) on a

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Tesla delivered 139,300 vehicles last quarter, breaking its previous record

Tesla delivered more vehicles than it has in any quarter to date between July and September. In its Q3 vehicle delivery and production report, Tesla said it shipped 139,300 vehicles during those three months.

That’s 45 percent more than the number of cars it delivered in the same quarter in 2019, and an increase of 53 percent from Q2 2020. Tesla’s previous shipment record was 112,000 vehicles in Q4 2019.

Breaking down the latest record-breaking shipment numbers, 15,200 of those were Model S/X cars and 124,100 were Model 3/Y deliveries. During the quarter, Tesla built 145,036 vehicles — 16,992 Model S/X vehicles and 128,044 Model 3/Y EVs.

At the start of the year, Tesla targeted 500,000 deliveries in 2020. It has shipped 318,000 vehicles so far. Its plans (just like everyone else’s on the planet) were disrupted by the COVID-19 pandemic. The new Shanghai Gigafactory was closed briefly at the

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BGC Partners Updates its Outlook for the Third Quarter of 2020

NEW YORK, Sept. 30, 2020 /PRNewswire/ — BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners” or “BGC” or the “Company”), a leading global brokerage and financial technology company, today announced that it has updated its outlook for the quarter ending September 30, 2020.

Updated Outlook
Against a backdrop of lower industry volumes across rates, foreign exchange, and credit,1 BGC’s revenue and pre-tax Adjusted Earnings for the third quarter of 2020 are now expected to be between the mid-point and the low-end of the range of its previously stated outlook. The Company’s outlook was contained in BGC’s financial results press release issued on July 30, 2020, which can be found at https://ir.bgcpartners.com.

Non-GAAP Financial Measures
This document contains non-GAAP financial measures that differ from the most directly comparable measures calculated and presented in accordance with Generally Accepted Accounting Principles in the United States (“GAAP”). Non-GAAP financial measures used

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Asia’s capital raising rush delivers record fees for banks in third quarter

HONG KONG (Reuters) – Asia’s equity capital markets generated a record pay day for investment bankers in the third quarter, bolstered by surging appetite for technology deals and a rush to list on China’s new STAR Market, Refinitiv data showed.

Asia Pacific, including Japan, saw bankers garner $3.6 billion in equity capital market (ECM) fees in July-September, up 145% from the same period a year earlier. The previous peak was $3.5 billion in the fourth quarter of 2009.

Bankers are also preparing to fatten their pay packets when Ant Group raises up to $35 billion in a dual listing in Hong Kong and Shanghai likely in October.

“Global capital markets are working. An enormous amount of money is available worldwide,” said Aaron Arth, head of the Asia ex-Japan financing group at Goldman Sachs. “All signs point to a steady desire and need for capital.”

Total equity market capital raised in

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Micron Technology, Inc. Reports Results for the Fourth Quarter and Full Year of Fiscal 2020

DRAM portfolio strengthened with 1z ramp; High-value NAND shipments reach record levels in FY20

BOISE, Idaho, Sept. 29, 2020 (GLOBE NEWSWIRE) — Micron Technology, Inc. (Nasdaq: MU) today announced results for its fourth quarter and full year of fiscal 2020, which ended Sept. 3, 2020.

Fiscal Q4 2020 highlights

  • Revenue of $6.06 billion versus $5.44 billion for the prior quarter and $4.87 billion for the same period last year
  • GAAP net income of $988 million, or $0.87 per diluted share
  • Non-GAAP net income of $1.23 billion, or $1.08 per diluted share
  • Operating cash flow of $2.27 billion versus $2.02 billion for the prior quarter and $2.23 billion for the same period last year

Fiscal 2020 highlights

  • Revenue of $21.44 billion versus $23.41 billion for the prior year
  • GAAP net income of $2.69 billion, or $2.37 per diluted share
  • Non-GAAP net income of $3.24 billion, or $2.83 per diluted share
  • Operating
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A Quarter of All Reptile Species, Many of Them Endangered, Are Sold Online | Science

Live reptiles are easy to buy online. Colombian redtail boas, Mt. Koghis Leachianus geckos, and even Southern New Guinea stream turtles, a species only known to science since 2015, can be bought with a few clicks. Some species are common; others are rare, unique to particular islands or hills. For many of these species, whether or not this mostly unregulated trade threatens their population in the wild is unknown.

A study published today in Nature Communications finds the scale of that online reptile trade is larger than previously thought, and that many reptile species are traded without protections from international regulations. After scraping the internet for data on reptiles for sale, the authors found that 3,943 reptile species—more than 35 percent of all reptile species—have been traded over the past 20 years, 2,754 of them online. “We were just overwhelmed by the sheer volume of species,” says Alice Hughes, an

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ClearSign Technologies Corporation Announces Second Quarter 2020 Results

Hosting call at 5pm ET (2pm PT)

SEATTLE, Sept. 15, 2020 /PRNewswire/ — ClearSign Technologies Corporation (Nasdaq: CLIR) (“ClearSign” or the “Company”), an emerging leader in industrial combustion and sensing technologies that improve energy, operational efficiency and safety while dramatically reducing emissions, today provides an update on operations for the quarter ended on June 30, 2020


ClearSign Logo (PRNewsFoto/ClearSign Combustion Corporation) (PRNewsfoto/ClearSign Combustion Corporation)

ClearSign has been able to cross some very significant milestones these past few months,” said Jim Deller, Ph.D., Chief Executive Officer of ClearSign.  “In June we were able to announce the multi-unit purchase order from ExxonMobil, a project that we had been working towards for three years.  On the heels of that, a few weeks ago, we announced the completion of the collaboration agreement for our process burner technology with what we believe can only be described as the perfect global partner, Zeeco.  This agreement with Zeeco

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