Monday, January 31, 2022

Alliance Resource Boosts Quarterly Cash Distribution 25% - Quick Facts

While reporting financial results for the fourth quarter on Monday, Alliance Resource Partners, L.P. (ARLP) said the Board of Directors of ARLP's general partner declared a 25 percent higher quarterly cash distribution to unitholders for the quarter to $0.25 per unit, payable on February 12, 2020 to all unitholders of record as of the close of trading on February 7, 2022.

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Trane Technologies Q4 Results To Estimates; Guides FY22 In Line - Quick Facts

Trane Technologies plc (TT) reported Monday that net income attributable to the company for the fourth quarter increased to $317.8 million or $1.32 per share from $244.7 million or $1.01 per share in the prior-year quarter.

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Atkore Boosts FY22 Adj. EPS Outlook - Quick Facts

Atkore Inc. (ATKR) reported Monday that net income for the first quarter plunged to $119.8 million or $2.57 per share from $204.8 million or $4.32 per share in the prior-year quarter.

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Friday, January 28, 2022

Gentex Q4 Results Top Estimates; Guides FY22 Revenue Below Estimates - Quick Facts

Automotive products firm Gentex Corp. (GNTX) reported on Friday that net income for the fourth quarter plunged to $84.18 million or $0.35 per share from 143.34 million or $0.58 per share in the prior-year quarter.

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VF Corp. Reaffirms FY22 Earnings, But Trims Revenue Outlook; Declares Dividend - Quick Facts

While reporting financial results for the third quarter on Friday, VF Corp. (VFC) reaffirmed its adjusted earnings guidance for the full-year 2022, but trimmed annual revenue outlook.

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Chevron Turns To Profit In Q4

Chevron Corporation (CVX) reported fourth quarter profit of $5.1 billion or $2.63 per share, compared to a loss of $665 million or $0.33 per share, previous year. The company's U.S. upstream operations earned $2.97 billion, compared to $101 million, a year ago. The company said the improvement was primarily due to higher realizations, gains on asset sales, higher sales volumes and lower exploration expense, partially offset by higher employee benefit costs. International upstream operations earned $2.19 billion, compared with $400 million, previous year.

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Colgate-Palmolive Guides FY22 Revenues Growth In Line - Quick Facts

While reporting financial results for the fourth quarter on Friday, Colgate-Palmolive Co. (CL) initiated its earnings and sales growth guidance for the full-year 2022.

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Caterpillar Q4 Results Top Estimates - Quick Facts

Caterpillar Inc. (CAT), a manufacturer of mining and construction equipment, reported Friday that fourth-quarter net income more than doubled to $2.12 billion or $3.91 per share from $780 million or $1.42 per share in the prior-year quarter.

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Thursday, January 27, 2022

Alaska Air Group Turns To Profit In Q4 - Quick Facts

Alaska Air Group Inc. (ALK) reported fourth-quarter adjusted profit per share of $0.24 compared to a loss of $2.54, prior year. On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $0.22, for the quarter. Analysts' estimates typically exclude special items.

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China Petroleum & Chemical Corp. Achieves Highest Net Profit To Shareholders In Past Ten Years

China Petroleum & Chemical Corporation said, according to the preliminary calculation, net profit attributable to equity shareholders of Sinopec Corp. for 2021 is estimated to increase by an amount between RMB34 billion and RMB40 billion, representing an increase between approximately 103% and 122%, from prior year. Net profit attributable to equity shareholders, excluding extraordinary gains and losses, for 2021 is estimated to increase by an amount between RMB66 billion and RMB75 billion, from previous year.

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Deutsche Bank Stock Up On Strong Q4 Net Profit, Positive Outlook

Shares of Deutsche Bank AG were gaining around 5 percent in German trading and 4 percent in pre-market activity on the NYSE after the banking major reported Thursday significantly higher fourth-quarter net profit on tax benefit and higher revenues. Pre-tax profit, meanwhile, declined on increased expenses. Looking ahead, the company said it is on track to deliver 2022 targets and ambitions.

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Mitie Group Plc Q3 Revenue Up 11% Excl. Items; Raises FY22 Guidance

Mitie Group plc (MTO.L) reported that its third quarter revenue including share of joint ventures and associates was 1.01 billion pounds, up 51% from the same period last year. Excluding COVID-related contracts, third quarter revenue was 899 million pounds. Excluding Interserve revenue, revenue was 20% ahead of prior year. Revenue rose 11% excluding both Interserve and COVID-related contract revenues.

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EasyJet: Q1 Performance In Line With Management Expectations; Headline Pretax Loss Narrows

easyJet Plc (ESYJY.PK, EZJ.L) said its loss almost halved for the quarter ending 31 December 2021 year on year alongside significantly reduced operating cash burn. During first quarter, easyJet flew 64% of fiscal 2019 capacity which was broadly in line with the guidance provided and a significant increase on the same period last year. Load factor was 77%, rather than over 80% as guided, due to the impact that Omicron during December. Passenger numbers increased to 11.9 million from 2.9 million, prior year.

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Wednesday, January 26, 2022

STMicroelectronics Q4 Profit Beats Estimates; Net Revenues Up 9.9%

STMicroelectronics (STM) reported fourth quarter net profit of $750 million or $0.82 per share compared to $582 million or $0.63 per share, prior year. On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $0.68, for the quarter. Analysts' estimates typically exclude special items.

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AT&T Swings To Profit In Q4; Issues Weak FY22 Outlook

Telecom giant AT&T reported Wednesday a profit for the fourth quarter compared to a loss last year, primarily boosted by continuing customer growth in wireless, fiber and HBO Max, despite a 10 percent drop in revenues. Both adjusted earnings for the quarter and quarterly revenues also topped analysts' expectations. However, the company issued weak earnings and sales growth outlook for fiscal 2022.

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First BanCorp. Q4 Profit Beats Estimates

First BanCorp. (FBP) reported fourth-quarter adjusted profit per share of $0.36 compared to $0.27, prior year. On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.32, for the quarter. Analysts' estimates typically exclude special items.

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ADP Increases FY22 Guidance

Automatic Data Processing, Inc. (ADP) said the company has increased its fiscal 2022 guidance as strong momentum continues across the business. Adjusted earnings per share growth is now projected in a range of 12 to 14%, revised from prior guidance range of 11 to 13%. Revenues are now estimated to increase in the range of 8 to 9%, revised from previous guidance range of 7 to 8%.

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RPC, Inc. Q4 Profit Beats Estimates

RPC, Inc. (RES) reported fourth quarter net income of $12.3 million, or $0.06 per share, compared to a net loss of $10.2 million, or $0.05 loss per share, prior year. The prior year quarter adjusted net loss was $6.8 million, or $0.03 per share.

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AT&T Turns To Profit In Q4; Guides FY22 Below Estimates - Quick Facts

Telecom giant AT&T, Inc. (T) reported on Wednesday a net income attributable to common stock for the fourth quarter of $4.99 billion or $0.69 per share, compared to a net loss of $13.94 billion or $1.95 per share in the prior-year quarter.

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Anthem Q4 Profit Beats Estimates; Revenue Up 14.9%

Anthem, Inc. (ANTM) reported fourth-quarter adjusted profit per share of $5.14 compared to $2.54, prior year. On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $5.11, for the quarter. Analysts' estimates typically exclude special items.

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TE Connectivity Guides Q2 Below Estimates - Quick Facts

While reporting financial results for the first quarter on Wednesday, industrial technology firm TE Connectivity Ltd. (TEL) provided earnings, adjusted earnings and sales outlook for the second quarter, below analysts' expectations.

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Tuesday, January 25, 2022

American Express Targets Elevated Levels Of Revenue Growth In 2022 - Quick Facts

American Express Company (AXP) said the company is increasing its aspiration to generate sustainable revenue and earnings growth over the long term with a new growth plan. Based on new growth plan and the benefits from an improving macro environment, the company projects elevated levels of revenue growth in 2022 in the range of 18 to 20 percent and earnings per share of $9.25 to $9.65. Analysts polled by Thomson Reuters expect the company to report profit per share of $9.67. Analysts' estimates typically exclude special items.

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GE Slips To Loss In Q4, But Adj. EPS Tops Estimates

Industrial conglomerate General Electric Co. reported Tuesday a net loss for the fourth quarter compared to a profit last year, hurt by steep debt extinguishment costs and lower revenues. However, adjusted earnings per share topped analysts' expectations, while quarterly revenues missed them.

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Raytheon Projects Sales, Earnings Growth In 2022

Raytheon Technologies Corporation (RTX) said, for fiscal 2022, the company estimates: sales of $68.5 - $69.5 billion; adjusted EPS of $4.60 - $4.80; free cash flow of approximately $6.0 billion; and share repurchase of at least $2.5 billion of RTX shares. Analysts polled by Thomson Reuters expect the company to report profit per share of $4.96 on revenue of $70.08 billion. Analysts' estimates typically exclude special items.

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Johnson & Johnson Projects 2022 Adj. Operational EPS Growth Of 9.2%

Johnson & Johnson (JNJ) said the company is well positioned for success in 2022 and beyond. For 2022, the company targets adjusted operational sales growth of 7.7% and adjusted operational EPS growth of 9.2%.

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Chunghwa Telecom Issues FY22 Guidance

Chunghwa Telecom Co., Ltd. (CHT) said it expects fiscal 2022 net income attributable to stockholders of the parent to be NT$34.11 billion to NT$36.04 billion, representing a decrease of NT$1.64 billion to an increase of NT$0.29 billion from prior year. Net earnings per share is expected to be NT$4.40-NT$4.65, representing a decrease of NT$0.21 to an increase of NT$0.04, year over year.

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Ericsson Q4 Results Up, Lifts Dividend, Backs Targets; Stock Climbs

Shares of LM Ericsson were gaining more than 7 percent in Swedish trading as well as in pre-market activity on Nasdaq, after the telecom equipment maker reported Tuesday higher profit and sales in its fourth quarter with strong demand. Further, the company lifted its full-year dividend, and maintained targets for fiscal 2022 EBIT growth as well as long-term target of EBITA margin.

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Polaris Industries Guides FY22 Above Estimates - Quick Facts

While reporting financial results for the fourth quarter and fiscal 2021 on Tuesday, Polaris Industries Inc. (PII) initiated adjusted earnings and sales guidance for the full-year 2022, well above analysts' expectations.

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Monday, January 24, 2022

Philips Q4 Results Down, Orders Up; Warns On Weak Comps; Stock Down

Shares of Philips Electronics NV were losing more than 4 percent in the morning trading in Amsterdam as well as in pre- market activity on the NYSE, after the Dutch consumer electronics giant reported lower profit and sales in its fourth quarter. Comparable sales declined, while comparable order intake increased. Further, the company maintained its dividend, and said it expects to start the year

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Friday, January 21, 2022

Ally Financial Q4 Results Top Estimates - Quick Facts

Ally Financial Inc. (ALLY), a bank holding company, reported Thursday that third-quarter net income attributable to shareholders decreased to $624 million or $1.79 per share from $687 million or $1.82 per share in the year-ago quarter.

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Schlumberger Q4 Profit Surges 61%, Results Top Estimates

Oilfield services company Schlumberger Ltd. reported Friday a profit for the fourth quarter that surged 61 percent from last year, reflecting 13 percent higher revenues amid growth across all segments and regions. Both adjusted earnings per share and quarterly revenues topped analysts' estimates.

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Thursday, January 20, 2022

Northern Trust Q4 Profit Surges 69%, Results Top Estimates - Quick Facts

Northern Trust Corp. (NTRS) reported Thursday that its fourth-quarter net income surged 69 percent to $406.4 million from last year's $240.9 million, with earnings per share growing 70 percent to $1.91 from $1.12 last year.

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Travelers Cos. Declares Qtly. Dividend Of $0.88/Share - Quick Facts

While reporting financial results for the fourth quarter on Thursday, property casualty insurer Travelers Companies, Inc. (TRV) announced that its Board of Directors declared a regular quarterly dividend of $0.88 per share, payable on March 31, 2022 to shareholders of record at the close of business on March 10, 2022.

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Wednesday, January 19, 2022

Prologis Guides FY22 EPS Well Above Estimates - Quick Facts

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 2022, well above analysts' expectations.

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Morgan Stanley Q4 Profit Rises 10%

Financial services firm Morgan Stanley (MS) reported Wednesday a profit for the fourth quarter that increased 10 percent from last year, reflecting 7 percent revenue growth amidst strength in Wealth Management and Investment Management business segments.

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Procter & Gamble Q2 Results Top Estimates; Boosts FY22 Sales Outlook - Quick Facts

While reporting financial results for the second quarter on Wednesday, consumer goods giant Procter & Gamble Co. (PG) confirmed its full-year 2022 guidance for core earnings per share growth, but raised organic sales growth and all-in sales growth outlook for the year.

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Bank Of America Q4 Profit Up 30%, Tops Estimates - Quick Facts

Bank of America Corp. (BAC) reported Thursday that net income applicable to common shareholders for the fourth quarter grew 30 percent to $6.77 billion from last year's $5.21 billion, with earnings per share increasing to $0.82 from $0.59 in the prior year, reflecting strong operating leverage as revenues grew faster than expenses.

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ASML Q4 Results Rise, Sees Sales Growth In FY22; Lifts Dividend; Stock Up

Shares of ASML Holding N.V. were gaining more than 1 percent in Amsterdam trading after the Dutch semiconductor equipment maker reported Wednesday higher profit and net sales in its fourth quarter. The company also projects higher sales in fiscal 2022, and a 100 percent increase in total dividend.

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UnitedHealth Group Affirms FY22 Outlook; Q4 Results Top Estimates - Quick Facts

While reporting financial results for the fourth quarter and fiscal 2021 on Wednesday, diversified health care company UnitedHealth Group, Inc. (UNH) affirmed its earnings and revenue outlook for the full-year 2022.

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Tuesday, January 18, 2022

Charles Schwab Q4 Profit Rises, But Results Miss Estimates - Quick Facts

Charles Schwab Corp. (SCHW) reported Tuesday that net income available to common shareholders for the fourth quarter grew to $1.58 billion or $0.76 per share from $1.14 billion or $0.57 per share in the year-ago quarter.

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First Midwest Bancorp Q4 Profit Rises, But Results Miss Estimates - Quick Facts

First Midwest Bancorp Inc. (FMBI) reported Tuesday that net income applicable to common shares for the fourth quarter increased to $44.12 million or $0.39 per share from $37.19 million or $0.33 per share in the prior-year quarter.

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Goldman Sachs Q4 Profit Down 13%, Misses Estimates

Goldman Sachs Group Inc. reported Tuesday that profit for the fourth quarter declined 13 percent from last year, reflecting an 8 percent drop in net revenues, higher operating expenses and higher provisions for bad loans. Earnings for the quarter missed analysts' expectations, but quarterly revenues topped it.

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PNC Financial Q4 Profit Declines, But Adj. EPS Tops Estimates - Quick Facts

PNC Financial Services Group, Inc. (PNC) reported Tuesday that net income applicable to common shareholders for the fourth quarter declined to $1.21 billion or $2.86 per share from $1.39 billion or $3.26 per share in the prior-year quarter.

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Truist Financial Q4 Profit Increases, Tops Estimates - Quick Facts

Truist Financial Corp. (TFC) reported Thursday that net income applicable to common shareholders for the fourth quarter surged to $1.52 billion or $1.13 per share from $1.23 billion or $0.90 per share in the prior-year quarter.

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Friday, January 14, 2022

JPMorgan Q4 Profit Down 14%, But Results Top Estimates

US investment bank JPMorgan Chase & Co. reported Friday a profit for the fourth quarter that declined 14 percent from last year, hurt primarily by higher noninterest expense and lower credit reserve releases. Both adjusted earnings per share and revenues for the quarter topped analysts' expectations.

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BlackRock Q4 Profit Rises 6%, Tops Estimates; Boosts Dividend 18% - Quick Facts

BlackRock, Inc. (BLK) reported that its fourth-quarter net income increased to $1.64 billion or $10.63 per share from $1.55 billion or $10.02 per share in the year-ago quarter.

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Thursday, January 13, 2022

Delta Air Lines Reports Adj. Profit In Q4; Projects Loss In Q1

Delta Air Lines (DAL) said the company ended December with revenues nearly 80 percent recovered to 2019 levels on strong demand and pricing during the holiday period. Fourth quarter adjusted operating revenue was 74 percent recovered compared to December quarter 2019 on capacity that was 79 percent restored, the company said.

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Wednesday, January 12, 2022

Jefferies Financial Q4 Profit Rises; Increases Quarterly Dividend

Jefferies Financial Group Inc. (JEF) reported an increase in profit for the fourth quarter that also topped Wall Street estimates, however, revenues fell short of expectations. In light of performance and prospects, and its limited need for incremental equity capital, the Board of Directors has increased quarterly dividend by 20%.

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Infosys Q3 Net Profit Up 21%; Boost FY22 Revenue Growth Guidance - Quick Facts

Indian software services provider Infosys Ltd. (INFY) reported Wednesday that its net profit for the third quarter of fiscal 2022 increased to $776 million or $0.18 per share from $707 million or $0.17 per share in the year-ago quarter.

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Friday, January 7, 2022

Acuity Brands Q1 Profit Beats Estimates; Net Sales Up 17%

Acuity Brands, Inc. (AYI) said it delivered sales growth of 17%, expanded operating profit margin by 160 basis points and increased earnings per share by 57% in the first quarter of fiscal 2022 despite global supply chain challenges and unpredictable market conditions.

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Greenbrier Swings To Profit In Q1; Results Top Estimates - Quick Facts

The Greenbrier Cos., Inc. (GBX) reported Friday first-quarter net earnings of $10.8 million or $0.32 per share, compared to a net loss of $10.0 million or $0.30 per share in the prior-year quarter.

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Thursday, January 6, 2022

Bed Bath & Beyond Cuts FY21 Outlook As Q3 Results Miss Estimates - Quick Facts

Home improvement retailer Bed Bath & Beyond, Inc. (BBBY) reported on Thursday a net loss of $276.43 million or $2.78 per share, sharply wider than net loss of $75.44 million or $0.61 per share in the prior-year quarter.

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