Galp Energia SGPS SA (GLPEY) , an oil and gas exploration player in Portugal, has initiated a second exploration and appraisal campaign offshore Namibia. It has done so after the successful discovery of light oil in high-quality reservoir sands during the first campaign. Galp Energia conducted the first exploration campaign in PEL 83 in the Orange Basin, offshore Namibia.Galp Energia Books Saipem for Second CampaignFor the second exploration campaign, the Santorini drillship, acquired by Saipem S.p.A (SAPMF ...

The strategic merger of its buy-side businesses combines expertise and resources to expand capabilities and better serve Mid-Market & SMBs navigating the digital landscapeHOUSTON, Oct. 31, 2024 /PRNewswire/ -- Direct Digital Holdings (DDH) (Nasdaq: DRCT) today announced the unification of its buy-side businesses, Orange 142 and Huddled Masses, to better serve the surging number of small and mid-sized businesses (SMBs) learning to leverage modern digital advertising. Unifying two similar companies under the ...

Core Viewpoint - Orange County Bancorp, Inc. reported a decrease in net income for Q3 2024, primarily due to increased provisions for credit losses and non-interest expenses, despite growth in net interest income and non-interest income [1][8]. Financial Performance - Net income for Q3 2024 was $3.2 million, down 64.4% from $9.0 million in Q3 2023, with earnings per share decreasing from $1.61 to $0.57 [1][8]. - For the nine months ended September 30, 2024, net income totaled $20.7 million, compared to $21.4 million for the same period in 2023 [1][8]. Net Interest Income - Net interest income increased by $467 thousand, or 2.1%, to $23.0 million for Q3 2024, compared to $22.5 million in Q3 2023 [1][9]. - Total interest income rose by $1.3 million, or 4.4%, to $31.4 million for Q3 2024, driven by a 6.9% increase in interest and fees on loans [10]. Loan and Deposit Growth - Total loans grew by $49.0 million, or 2.8%, reaching $1.8 billion at September 30, 2024, compared to $1.7 billion at December 31, 2023 [1][21]. - Total deposits increased by $101.3 million, or 5.0%, to $2.1 billion at September 30, 2024, from $2.0 billion at year-end 2023 [1][22]. Provision for Credit Losses - The provision for credit losses was $7.2 million for Q3 2024, significantly higher than $837 thousand in Q3 2023, primarily due to a reserve against a problematic commercial loan [14][8]. - The allowance for credit losses to total loans was 1.73% as of September 30, 2024, compared to 1.44% at December 31, 2023 [14]. Non-Interest Income - Non-interest income rose by $954 thousand, or 29.6%, to $4.2 million for Q3 2024, compared to $3.2 million in Q3 2023, driven by increased fee income [15]. Non-Interest Expense - Non-interest expense increased by $2.4 million, or 17.3%, to $16.0 million for Q3 2024, reflecting higher compensation, technology, and professional fees [16]. Wealth Management Performance - Trust and investment advisory income increased by $521 thousand, or 20.1%, to $3.1 million for Q3 2024, compared to $2.6 million in Q3 2023 [6][26]. Financial Condition - Total consolidated assets increased by $33.6 million, or 1.4%, to $2.5 billion at September 30, 2024 [18]. - Stockholders' equity rose by approximately $27.7 million during the first nine months of 2024, reaching $193.1 million at September 30, 2024 [24]. Capital Ratios - The Bank maintained capital ratios above regulatory standards, with a Tier 1 capital to average assets ratio of 10.06% and total capital to risk-weighted assets of 14.89% [25].

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental ...

Transforming the Advertiser Experience by Simplifying and Enhancing Ad Buying, Optimization, Reporting, and Insights ATLANTA, Oct. 3, 2024 /PRNewswire/ -- Orange Apron Media, the retail media division of The Home Depot, today announced the launch of a brand-new advertiser experience. Orange Access, powered by Vantage, is an industry-leading tool that lets advertisers plan, activate, optimize, and report on their media campaigns with The Home Depot, through a single, easy-to-use platform. This builds on Oran ...

Dublin, Sept. 27, 2024 (GLOBE NEWSWIRE) -- The "Cote d'Ivoire Telecom Operators Country Intelligence Report" report has been added to ResearchAndMarkets.com's offering. "Cote d'Ivoire Telecom Operators Country Intelligence Report," provides an executive-level overview of the telecommunications market in Cote d'Ivoire today, with detailed forecasts of key indicators up to 2028. The report provides detailed analysis of the near-term opportunities, competitive dynamics and evolution of demand by service type a ...

J Studios/DigitalVision via Getty Images Dear readers/followers, I've been talking myself hoarse about Orange (NYSE:ORAN) for a number of years at this point. I have a very solid stake in this company for the long term both in my private and commercial portfolio, and in this article, I will show you the reason I believe firmly in the outperformance of this telecommunications operator for the long term. If you follow my work, you will know that I typically tend to focus on undervalued companies with upside p ...

For Immediate Release Chicago, IL – September 16, 2024 – Today, Zacks Equity Research discusses Orange S.A. (ORAN) , SK Telecom Co., Ltd. (SKM) and KT Corp. (KT) . Industry: Wireless - Non-U.S. Link:https://www.zacks.com/commentary/2335760/3-wireless-non-us-stocks-set-to-gain-from-positiveindustry-vibes The Zacks Wireless Non-US industry appears well poised to benefit from healthy demand trends stemming from the increasing user propensity to stay connected in this digital age. However, high capital expendit ...

Orange S.A. (ORAN) recently finished the primary phase of a new data center and communications infrastructure project with Grifols Egypt for the latter's Plasma Derivatives ("GEPD") facility. GEPD is a joint effort between Egypt's National Service Projects Organization ("NSPO") and Grifols, a global healthcare company specializing in plasma-based treatments. Both NSPO and Grifols are spearheading this project to modernize the healthcare landscape in Egypt by providing a sustainable supply of essential thera ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by th ...