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Wednesday, January 24, 2024

TSMC Q4 Profit Drops, Revenues Flat, But Stock Up In Pre-market

Taiwan Semiconductor Manufacturing Co. Ltd. or TSMC reported Thursday that its fourth-quarter profit declined from last year, while revenue was essentially flat. The earnings and top line were better than market expectations. Sequentially, profit and revenues increased from last year. Looking ahead for the first quarter, the company projects sequentially lower revenues.

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Marshalls Board Sees FY Adj. Profit Before Tax To Be In-line With Its Expectations

Marshalls plc (MSLH.L) said the Group's performance in the period since the trading update on 18 October 2023 has been as anticipated. The Board expects adjusted profit before tax for the full year to be in-line with its expectations.

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Prologis Guides FY24 EPS Well Above Estimates - Update

While reporting its financial results for the fourth quarter on Wednesday, logistics real estate firm Prologis Inc. (PLD) initiated its net earnings and core funds from operations outlook for the full-year 2024.

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Manchester United Q1 Loss Slightly Narrows; Trims FY24 Revenue Outlook

Manchester United (MANU) announced Wednesday a first-quarter net loss of 25.8 British pounds or 15.79 pence per basic share, narrower than 26.5 pounds or 16.26 pence per basic share in the prior-year quarter.

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GE Q4 Results Top Estimates; Guides Q1 Adj. EPS Below Estimates

Industrial conglomerate General Electric Co. (GE) reported Tuesday that net income attributable to common shareowners for the fourth quarter declined 24 percent to $1.59 billion or $1.45 per share from $2.10 billion or $1.90 per share in the prior-year quarter.

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Ericsson Q4 Net Income Declines; Sales Down 17% Organically

Ericsson (ERIC) reported that its fourth quarter net income to owners of the parent company declined to 3.39 billion Swedish kronor from 6.07 billion Swedish kronor, prior year. Earnings per share was 1.02 kronor compared to 1.82 kronor. EBIT excluding restructuring charges amounted to 7.4 billion Swedish kronor compared to 8.1 billion Swedish kronor, last year.

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B. Riley Financial Says Unaware Of SEC Probe As Stock Dips On Bloomberg Report

Shares of B. Riley Financial, Inc. (RILY) were losing more than 14 percent in the pre-market activity on Nasdaq following a Bloomberg News article about a possible SEC investigation.

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