Infineon Q2 Income From Cont. Ops. Rises – Quick Facts

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By Noel Murray

Right-Wing Pundit’s Attempt To Whitewash The Capitol Insurrection Backfires

Conservative commentator Dinesh D’Souza had critics shaking their heads Monday after he attempted to whitewash the Jan. 6 insurrection at the U.S. Capitol using one image. 

D’Souza, a convicted felon who was pardoned by former President Donald Trump in 2018, tweeted a widely shared image from the riot showing a man carrying the House speaker’s lectern. 

“Does this LOOK like an insurrection? A riot? A coup attempt?” he asked. “If it doesn’t walk like a duck or talk like a duck then it probably isn’t a duck.”

That man, Adam Christian Johnson, was arrested in January and charged with entering a restricted a building or grounds without lawful authority, theft of government property, and violent entry and disorderly conduct on Capitol grounds. He was one of hundreds to be charged in relation to the violent assault on the Capitol, led by a pro-Trump mob, that led to five deaths. 

D’Souza made no mention of the massive stock of images showing those rioters storming the building, smashing property, assaulting police and threatening to harm elected officials.

D’Souza pleaded guilty to campaign finance fraud in 2012 for making an illegal donation to a Republican Senate candidate. He’s known for making offensive, shocking and racist comments, which have included mocking school shooting survivors and defending Adolf Hitler.

He was criticized by Twitter users Monday for suggesting insurrectionists aren’t insurrectionists just because they smiled and waved while doing it. 

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India's tally of Covid-19 infections crosses 20 million

BENGALURU (REUTERS) – India’s tally of coronavirus infections surged past 20 million on Tuesday (May 4), boosted by 357,229 new cases over the last 24 hours, while deaths rose 3,449 for a toll of 222,408, health ministry data showed.

India becomes the world’s second nation, after the United States, to pass the grim milestone. It took the South Asian country just over four months to add 10 million cases, versus more than 10 months for its first 10 million.

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Telenor Slips To Hefty Loss In Q1, Revenues Down; Maintains FY21 View – Quick Facts

Norwegian telecom company Telenor ASA (TELNY.PK,TELN) reported Tuesday that its first-quarter net loss attributable to equity holders was 3.89 billion Norwegian kroner, compared to last year’s profit of 698 million kroner.

The results mainly reflected the impairment of Telenor Myanmar of 6.5 billion kroner.

EBITDA before other income and other expenses was 13.02 billion kroner, down from 14.11 billion kroner. Organic EBITDA dropped 2.2 percent.

Adjusted EBITDA margin was 45.1 percent, down from 45.6 percent last year.

Revenues were 28.87 billion kroner, down from 30.95 billion kroner a year ago. Organic revenue declined 1.6 percent. Organic subscription and traffic revenue fell 4 percent.

The mobile subscriber base grew 5 million, including 2 million added in Myanmar. The subscriber base was 187 million at the end of the quarter.

Looking ahead, the company noted that with limited visibility on the development in the country, it has excluded Myanmar from the outlook.

For the full year 2021, excluding Myanmar, the company still expects organic subscription and traffic revenues and EBITDA to remain around the 2020 level and a capex to sales ratio of 15-16%.

MANZ Automation Q1 Profit Surges, Revenues Down – Quick Facts

High tech equipment manufacturer Manz AG (MANZF.PK) reported Tuesday that its first-quarter consolidated net profit was 10.26 million euros, up from 1.6 million euros a year ago.

Earnings per share were 1.33 euros, higher than last year’s 0.22 euro.

EBIT surged to 11.47 million euros from prior year’s 3.5 million euros. EBIT margin grew to 21.3 percent from 5.6 percent a year ago.

EBITDA was 14.26 million euros, up from 6.9 million euros last year. EBITDA margin improved to 26.5 percent from 10.9 percent a year ago.

Revenues were 50.89 million euros, lower than 61.6 million euros a year ago. Total operating revenues declined to 53.77 million euros from prior year’s 63.3 million euros.

Order intake amounted to 42.2 million euros as of March 31, compared to 45.2 million euros last year.

Infineon Q2 Income From Cont. Ops. Rises – Quick Facts

Infineon Technologies AG (IFNNY) reported that its second quarter income from continuing operations increased to 209 million euros from 178 million euros, prior year. Earnings per share from continuing operations was 0.15 euros compared to 0.13 euros. Segment result margin increased year-on-year to 17.4% from 13.8%. Adjusted earnings per share was 0.24 euros compared to 0.13 euros.

Second quarter revenue increased to 2.70 billion euros from 1.99 billion euros, last year.

For third quarter, Infineon expects revenue of between 2.6 billion euros and 2.9 billion euros. At the mid-point of the guided revenue range, segment result margin is expected to come in at about 18 percent.

For fiscal year, Infineon again slightly raised its guidance for revenue and segment result margin. Revenue is now forecast at around 11.0 billion euros (plus or minus 3 percent). At the mid-point of the guided revenue range, segment result margin is now expected to be about 18 percent.