In its prospectus, Li said it had started volume production of its first model, an SUV called Li One, last year, and that it has delivered more than 10,400 Li One vehicles as of June 30. Range Percent Change. The top 10 competitors average 10,635. As a result, TSYS has included on page 18 of this release a schedule recasting its 2018 and 2017 quarterly segment results reflecting the change. “Merchant processors have many open [application programming interfaces], technologies that financial processors can use to provide to their banking clients,” he told MarketWatch.Katri expects that the combined company will eventually move to a single merchant-processing platform and see synergies from cross selling APIs.Emily Bary is a MarketWatch reporter based in New York.American depositary shares of Chinese electric-car maker Li Auto Inc. skyrocketed nearly 50% to trade above $16 on Thursday after pricing their initial public offering at $11.50 an ADS.
TSYS (NYSE: TSS) today reported results for the second quarter of 2019.Additional information about non-GAAP financial measures, including, but not limited to, net revenue, revenues measured on a constant currency basis, adjusted earnings, adjusted EBITDA and adjusted diluted EPS, and a reconciliation of those measures to the most directly comparable GAAP measures is included on pages 12 to 16 in the financial schedules of this release.“We were pleased to deliver another quarter of solid performance with increases in net revenue and adjusted diluted EPS, and margin expansion,” said M. Troy Woods, Chairman, President and CEO of TSYS. Range. He said that the combined company will have double the partner-software revenue that Global Payments had on its own, as well as an expected investment-grade credit rating, which could prompt more software deals.“Given the capital profile and the free-cash capacity of the business, expect to see more vertical-market software plays by us,” he said.Though TSYS has a slower growth profile than Global Payments, Chief Financial Officer Cameron Bready expects that a deal won’t hurt Global Payments’ ability to reach its medium-term targets for high single-digit to low double-digit annual revenue growth and adjusted earnings growth of 16% to 18%. It is management’s intent to provide non-GAAP financial information to enhance understanding of its consolidated financial information as prepared in accordance with GAAP. Income tax impact includes discrete items as a result of the acquisitions.Income before income taxes and equity in income of equity investmentsAdjusted EBITDA margin on net revenue (non-GAAP) (b)/(d)* Costs associated with the Cayan and TransFirst acquisitions and integrations are included in selling, general and administrative expenses and nonoperating expenses.Adjustments to reconcile net income to net cash provided by operating activities:Additional information about non-GAAP financial measures, including, but not limited to, net revenue, adjusted earnings, adjusted EBITDA and adjusted diluted EPS, and a reconciliation of those measures to the most directly comparable GAAP measures is included on pages 12 to 16 in the financial schedules of this release. On a constant currency basis, TSYS’ total revenues for the first six months of 2019 were higher 4.5% as compared to a reported GAAP increase of 3.8%. to
Share. The non-GAAP financial information presented may be determined or calculated differently by other companies.Acquisition intangible amortization, share-based compensation, litigation, claims, judgments or settlements and Cayan and TransFirst M&A and integration expenses, less the tax impact of adjustmentsTSYS (NYSE: TSS) today reported results for the fourth quarter and full year of 2018.
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