Chesapeake Financial Shares Reports Second Quarter Earnings

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Press release content. The AP news staff was not involved in its creation.

A “Top 200 Community Bank” in the U.S. for the thirteenth consecutive year

KILMARNOCK, VA / ACCESSWIRE / July 28, 2020 / On behalf of Chesapeake Financial Shares, Inc. (parent company of both Chesapeake Bank and Chesapeake Wealth Management), Jeffrey M. Szyperski, Chairman of the Board & CEO, reported earnings for the second quarter of 2020 of $2,050,676, a 37% decrease from the second quarter of 2019. The components of the decrease were driven by the second quarter slowdown in both the merchant

Vuzix Schedules Conference Call to Discuss Second Quarter 2020 Financial Results and Business Update

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ROCHESTER, Ny., July 27, 2020 /PRNewswire/ — Vuzix® Corporation (NASDAQ: VUZI), (“Vuzix” or, the “Company”), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, is pleased to announce that the Company will host a conference call regarding its second quarter 2020 operating results at 4:30 PM Eastern Time (ET), August 10, 2020.

(PRNewsfoto/Vuzix Corporation)

To join the live conference call, please dial 877-709-8150 (U.S. and Canadian callers) or 201-689-8354 (international callers outside of the U.S. and Canada) 10 to 15 minutes prior to the scheduled call time. Participants can also click this

Sensata Technologies Reports Second Quarter 2020 Financial Results

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SWINDON, United Kingdom, July 28, 2020 (GLOBE NEWSWIRE) — Sensata Technologies (NYSE:ST), a global industrial technology company and a leading provider of sensor-rich solutions that create insights for customers, today announced financial results for its second quarter ended June 30, 2020.

Operating results for the second quarter of 2020 compared to the second quarter of 2019 are summarized below. These results include non-GAAP financial measures, each of which is defined and reconciled to the most directly comparable GAAP measure later in this press release.

Revenue:

  • Revenue was $576.5 million, a decrease of $307.2 million, or 34.8%, compared to $883.7 million

First Business Reports Second Quarter 2020 Financial Results

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— Record operating performance partially offset by a 21% reserve build —

First Business Financial Services, Inc. (the “Company” or “First Business”) (Nasdaq:FBIZ) reported record net interest income and strong non-interest income, resulting in net income of $3.3 million, or diluted earnings per share of $0.38, in the second quarter 2020. First Business’s robust operating performance during the quarter was offset by a $5.5 million provision for loan and lease losses and related 20.7% increase in the allowance for loan and leases losses primarily due to the COVID-19 pandemic.

“The effort and dedication of the entire First Business team to