Latest news for VIQ Solns (OTC:VQSSF) Stock

VIQ Solutions Inc operates as a technology and service platform provider for digital evidence capture, retrieval, and content management in Australia, the United Kingdom, Canada, the United States, and internationally. The reportable segments of the company are technology and related revenue which develops, distributes, and licenses computer-based digital solutions, and the technology services which provide recording and transcription services. It derives maximum revenue from Australia.

VIQ Solutions Inc

The provision for credit losses was&nbsp;$5.7&nbsp;million for the second quarter of 2024, compared to&nbsp;$6.1&nbsp;million for the linked quarter and&nbsp;$8.0&nbsp;million for the second quarter of 2023.&nbsp;

Earnings

News

PEBO

Peoples Bancorp Recorded A Provision For Credit Losses Of $5.7M For Q2 Of 2024, Compared To $8.0M YoY

South Korean authorities have issued an arrest warrant for Brian Kim, the founder of Kakao Corp., over allegations of violating capital market laws. This could potentially lead to Kim becoming the most prominent business figure in the country to face imprisonment in recent years.
What Happened: The Seoul Southern District Court has issued an arrest warrant for Kim, a 58-year-old internet entrepreneur, for his alleged involvement in a stock-rigging scheme during the high-profile takeover of SM Entertainment Co. in 2023, <a href="https://www.bloomberg.com/news/articles/2024-07-22/arrest-warrant-issued-for-kakao-founder-by-south-korean-court">reported</a> Bloomberg.
Following a fierce bidding war with Hybe Co., the <a href="https://www.benzinga.com/markets/equities/24/06/39286746/btss-jin-wraps-up-mandatory-military-service-us-etfs-that-let-you-invest-in-hybe-are-soaring">label behind the popular boyband</a> BTS, a prominent example of a K-pop group, Kakao secured a controlling stake in SM. However, financial regulators have accused Kakao executives, including those from its unit Kakao Entertainment Corp., of purchasing 240 billion won ($173 million) in SM shares to disrupt Hybe&#8217;s offer.
See Also: <a href="https://www.benzinga.com/news/24/07/39870306/biden-claps-back-after-trumps-ev-mandate-comments-at-rnc-what-the-hell-was-he-talking-about?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Biden Claps Back After Trump&#8217;s EV &#8216;Mandate&#8217; Comments At RNC: &#8216;What The Hell Was He Talking About?&#8217;</a>
Kim and Kakao have consistently refuted these allegations, asserting that no illegal activities occurred during the acquisition of SM.
Why It Matters: This development marks a significant shift for Kim, a self-made billionaire who rose from poverty to establish South Korea&#8217;s leading internet firm. Kakao, founded in 2006, has grown to become the country&#8217;s 15th largest conglomerate by assets, with 124 affiliates.
The company&#8217;s rapid expansion has drawn regulatory scrutiny and criticism for potentially harming small businesses. In March, Shina Chung, the former head of Kakao&#8217;s corporate venture capital arm, was appointed as the CEO to steer the firm out of its crisis. Since reaching a lifetime high in 2021, Kakao&#8217;s shares have plummeted by approximately three-quarters.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/07/39872154/trump-vs-biden-latest-round-of-polls-all-seem-to-suggest-grim-news-for-this-candidate?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs. Biden: Latest Rounds Of Polls All Seem To Suggest Grim News For This Candidate</a></li>
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Image Via Unsplash 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Asia

Entertainment

Legal

Global

Markets

South Korean Billionaire Brian Kim Faces Arrest Warrant Over Alleged K-Pop Market Manipulation

Earnings Beats

Earnings Misses

Peoples Bancorp Q2 2024 GAAP EPS $0.82 Misses $0.84 Estimate, Sales $110.317M Beat $109.949M Estimate

Guidance

Centene Expects To Reaffirm FY24 GAAP EPS Guidance Floor Of Greater Than $5.94 And Adjusted EPS Guidance Floor Of Greater Than $6.80 (Est $6.84)

HSBC analyst Stephen Bersey downgrades CrowdStrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) from Buy to Hold and lowers the price target from $388 to $302.

Downgrades

Price Target

Analyst Ratings

CRWD

HSBC Downgrades CrowdStrike Holdings to Hold, Lowers Price Target to $302

On July 22, 2024, the Centers for Medicare and Medicaid Services (CMS) published the final risk adjustment transfers for the 2023 benefit year, resulting in a final $0.0 billion receivable for Centene.
As a result of the publication of the benefit year 2023 reports, the Company is&nbsp;providing&nbsp;information regarding Centene&#39;s estimated net risk adjustment payable as of March 31, 2024, as well as summarizing the second quarter and expected full year 2024 financial impact of the 2023 risk adjustment results.
As of March 31, 2024, Centene had recorded a $1.3 billion 2023 risk adjustment payable, net on the Consolidated Balance Sheet.

Centene Expects To Report Q2 GAAP EPS Of $2.16 And Adjusted EPS Of $2.42 (Est $1.96), Inclusive Of 2023 Risk Adjustment Outperformance

CSTM

Given The Uncertainty Around The Impact of The Severe Flooding At Its Facilities In Switzerland, Including The Extent Of The Damage And The Timing To Restart Production, Constellium Is Pausing Its FY24 Guidance For Adj. EBITDA

MakeMyTrip (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMYT#NASDAQ">MMYT</a>) reported quarterly earnings of $0.39 per share which beat the analyst consensus estimate of $0.27 by 44.44 percent. This is a 30 percent increase over earnings of $0.30 per share from the same period last year. The company reported quarterly sales of $243.658 million which beat the analyst consensus estimate of $242.186 million by 0.61 percent. This is a 22.88 percent increase over sales of $198.297 million the same period last year.

MMYT

MakeMyTrip Q1 2025 Adj EPS $0.39 Beats $0.27 Estimate, Sales $243.658M Beat $242.186M Estimate

Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) COO Jeff Williams and Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) President Sanjay Mehrotra recently visited Beijing to meet with senior Chinese officials as the U.S. considers stricter tech curbs against China.
On Monday, the executives joined a U.S. business delegation meeting with Vice-Premier He Lifeng and Foreign Minister Wang Yi.
He Lifeng urged American companies to &#8220;participate aggressively in China&#8217;s further reform and modernization process,&#8221; Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-07-23/apple-and-micron-leaders-visit-china-as-us-ramps-up-chip-curbs?sref=TBDibEcD" rel="noreferrer noopener">reports</a>.
During a separate meeting, Wang Yi discussed the outcomes of the Chinese Communist Party&#8217;s Third Plenum, highlighting the country&#8217;s economic direction.
He also expressed a desire for members of the U.S.-China Business Council in Beijing to foster &#8220;a correct understanding&#8221; of China in the U.S. Both Williams and Mehrotra are directors of this group.
The visit coincided with the U.S. intensifying advanced semiconductor sanctions against China.
Apple <a target="_blank" href="https://www.benzinga.com/government/24/06/39164337/apples-streaming-ambitions-in-china-continue-despite-geopolitical-tensions" rel="noreferrer noopener">increased its China-based</a> suppliers and manufacturing sites in 2023.
The company opened a new Apple store in Shanghai, and CEO Tim Cook attended the China Development Forum in Beijing.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/23053133/newplot-1-13.png" alt="" class="wp-image-450705" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/23053133/newplot-1-13.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/23053133/newplot-1-13-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Apple also explored integrating Baidu Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) advanced generative artificial intelligence (AI) technology into its devices within China, according to Bloomberg.
In 2023, Apple negotiated with China Mobile, a leading telecom provider, to introduce its Apple TV+ video streaming service nationwide.
<a target="_blank" href="https://www.benzinga.com/government/24/07/39800610/whats-going-on-with-micron-technology-stock-on-tuesday" rel="noreferrer noopener">Earlier in 2024</a>, Micron CEO Sanjay Mehrotra met with China&#8217;s Minister of Commerce to discuss expanding Micron&#8217;s operations and new investments in China.
Apple depends on China for about a fifth of its sales, while Micron has faced challenges since Beijing banned its products from critical infrastructure last year.
<a target="_blank" href="https://www.benzinga.com/government/24/07/39879656/whats-going-on-with-ai-chip-stocks-nvidia-amd-and-taiwan-semi-on-monday" rel="noreferrer noopener">After posting weak</a> GDP growth in the second quarter, China recently slashed the key interest rates to boost the economy.
Price Actions: AAPL shares traded lower by 0.06% at $223.83 premarket at the last check on Tuesday. MU is down 0.52% at $114.68.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Government

Large Cap

Regulations

Tech

Media

AAPL

BIDU

Apple and Micron Leaders Visit Beijing As US Intensify Advanced Semiconductor Sanctions: Report

WIIM

Johnson Controls shares are trading higher after the company announced it will divest its residential and light commercial HVAC businesses to Bosch in an $8.1 billion deal.

General

RDWR

Radware Expands Cloud Services To Include A New Domain Name System As A Service (DNSaaS)

Morgan Stanley analyst Kimberly Greenberger downgrades Under Armour (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAA#NYSE">UAA</a>) from Equal-Weight to Underweight and lowers the price target from $8 to $4.

Morgan Stanley Downgrades Under Armour to Underweight, Lowers Price Target to $4

Constellium Expects 2024 Free Cash Flow In Excess Of €100M

Buybacks

UPS Restarts Stock Buyback Program, Targeting $1B Annually; Guides For $500M Buyback In FY24

Health Care

For The Third Quarter 2024, Danaher Anticipates That Non-GAAP Core Revenue Will Be Down Low-single Digits Y/Y. For Full Year 2024, The Company Continues To Expect That Non-GAAP Core Revenue Will Be Down Low-single Digits Y/Y

Kodiak will outfit new Atlas high-capacity trucks with Kodiak's autonomous driving technology.

AESI

Atlas Energy Solutions Inks agreement With Kodiak For Autonomous Trucking Technology

UPS shares are trading lower after the company reported worse-than-expected Q2 financial results.

Polaris shares are trading lower after the company reported worse-than-expected Q2 financial results and cut its guidance.

Polaris Cuts 2024 Sales Outlook To Be Down 17-20% Vs Previous Outlook Of Down 5%-7%; Now Expects Adjusted EPS To Be Down 56%-62% Vs Prior Outlook Of Down 10%-15% Y/Y

Banc of California (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BANC#NYSE">BANC</a>) reported quarterly earnings of $0.12 per share which missed the analyst consensus estimate of $0.19 by 36.84 percent. This is a 62.5 percent decrease over earnings of $0.32 per share from the same period last year. The company reported quarterly sales of $259.28 million which beat the analyst consensus estimate of $240.12 million by 7.98 percent. This is a 272.36 percent increase over sales of $69.63 million the same period last year.

BANC

Banc of California Q2 EPS $0.12 Misses $0.19 Estimate, Sales $259.28M Beat $240.12M Estimate

Viq Solutions (TSE:VQS) has released an update. VIQ Solutions Inc., a leader in AI-driven digital voice and video capture technology, will announce...

VIQ Solutions Announces Upcoming Financial Results

Viq Solutions (TSE:VQS) has released an update. VIQ Solutions Inc. reported a slight revenue increase in Q4 2023 and anticipates stronger financial...

VIQ Solutions Forecasts Growth and Efficiency

VIQ Solutions reports Q4 results

VIQ Solutions Inc. (VQSSF) Q4 2023 Earnings Call Transcript

Viq Solutions (TSE:VQS) has released an update. VIQ Solutions, a global provider of secure, AI-driven digital capture and transcription services, p...

VIQ Solutions Achieves Key Security Certification

Viq Solutions (TSE:VQS) has released an update. VIQ Solutions Inc., a leader in secure, AI-driven digital recording and transcription technology, i...

VIQ Solutions Q1 Earnings Release Imminent

VIQ Solutions Inc. reports Q1 results

VIQ Solutions, Inc. (VQSSF) Q1 2024 Earnings Call Transcript

VIQ Solutions (TSE:VQS) has released an update. VIQ Solutions Inc., a leader in AI-driven digital voice and video technology, successfully conclude...

VIQ Solutions Shareholders Endorse Key Resolutions

VIQ Solutions (TSE:VQS) has released an update. VIQ Solutions has launched NetScribe&#x2122; Advanced Formatting, an AI-driven enhancement for producing a...

VIQ Solutions Unveils Advanced Legal Documentation AI

VQSSF

VIQ Solns