Be a Smart Investor: 2023

Friday, December 29, 2023

United Community Banks To Record Q4 Charge On FDIC Special Assessment, Bond Portfolio Restructuring

United Community Banks, Inc. (UCBI) said it expects a fourth-quarter net pre-tax charge of approximately $62 million, or $0.41 per share. The charge is attributable to: an estimated pre-tax charge of approximately $10 million, or $0.07 per share, from an FDIC special assessment; and a securities loss transaction resulting in a pre-tax loss of approximately $52 million or $0.34 per share, on the sale of $316 million of bonds

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Jabil Successfully Closes Mobility Divestiture; Revises Q2 Outlook

Jabil Inc. (JBL) announced the closing of the transaction to divest its Mobility business to BYD Electronic. With the transaction closing earlier, Jabil now expects the midpoint of the prior guidance range for net revenue and core earnings per share for the second quarter to be lower by approximately $400 million and $0.30, respectively, which aligns with the guidance issued on first quarter earnings call.

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NeuroBo Submits IND Application For Phase 1 Clinical Trial Of DA-1726; Stock Up In Pre-market

NeuroBo Pharmaceuticals, Inc. (NRBO), a clinical-stage biotechnology company, Thursday said it has submitted Investigational New Drug or IND application to FDA, regarding Phase 1 clinical trial of DA-1726 for the treatment of obesity.

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Gracell Biotechnologies Surges In Pre-market After $1.2 Bln Acquisition Deal By AstraZeneca

Shares of Gracell Biotechnologies Inc. (GRCL) were trading up over 60 percent after the company signed an agreement to be acquired by AstraZeneca PLC (AZN.L, AZN) for up to $1.2 billion in cash.

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Addentax Group In Deal With Zhongjiu Yihe; Stock Up

Integrated service provider, Addentax Group Corp. (ATXG), Friday said that it has signed a Memorandum of Understanding with Zhongjiu Yihe Brand Development Co. Ltd. for strategic cooperation at national level. Following this news, stock of Addentax moved up.

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ProSiebenSat.1 Media Confirms 2023 Targets; Decides To Invest Significantly More In Local Content

ProSiebenSat.1 Media SE (PBSFF.PK) said, for 2023, the Group continues to expect to achieve financial targets specified on November 14, 2023. Group's adjusted EBITDA is projected at the lower end of the range of 600 million euros plus/minus 50 million euros forecast at the beginning of the year. Group revenues - as recently announced - will be slightly below the target range of 4.10 billion euros plus/minus 150 million euros. The Group expects that net financial debt will reduce in fiscal 2023.

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Superdry Plc: FY Profitability To Be Impacted By Challenging Trading Environment

Superdry plc (SDRY.L, SEPGF.PK, SEPGY.PK) issued a trading update covering the 26-week period to 28 October 2023. The Group said its trading performance has been significantly below management expectations. Profits for the year are projected to reflect this weaker trading seen to date. For the first half period, retail was down 13.1%, while wholesale was down 41.1%.

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Thyssenkrupp Nucera Reports Operating Profit In Q4; Total Sales Up 47%

thyssenkrupp nucera reported fourth quarter net income of 4.3 million euros compared to a loss of 1.2 million euros, last year. Profit per share was 0.03 euros compared to a loss of 0.01 euros. The company achieved an operating result of 3.5 million euros, compared to a loss of 2.6 million euros.

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Steel Dynamics Issues Q4 Earnings Guidance - Quick Facts

Steel Dynamics, Inc. (STLD) said it expects fourth quarter earnings in the range of $2.60 to $2.64 per share. The company's prior year fourth quarter earnings were $3.61 per share.

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Bunzl Plc On Track To Deliver Moderate Adjusted Operating Profit Growth In FY23

Bunzl plc (BZLFY.PK, BNZL.L) said it expects to deliver another set of good annual results, with adjusted operating profit expected to be slightly ahead of prior guidance. Group revenue in 2023 is projected to be broadly in line with 2022, at constant exchange rates and excluding the impact of the disposal of UK healthcare business. Within this, revenue growth from acquisitions is expected to be offset by the expected underlying revenue decline, reflective of lower Covid-19 related sales, the Group noted. Inclusive of the disposal of UK healthcare business, total Group revenue in 2023 is projected to be 1 to 2% lower than in 2022, at constant exchange rates, and with currency over the year expected to have minimal impact. Bunzl plc expects Group adjusted operating profit to deliver moderate growth, with operating margin expected to be slightly ahead of the previous record level.

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FactSet Q1 Results Top Estimates, But Trims FY24 Outlook

FactSet Research Systems, Inc. (FDS) reported Tuesday that net income for the first quarter increased to $148.56 million or $3.84 per share from $136.80 million or $3.52 per share in the prior-year quarter.

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Accenture Confirms Business Outlook For FY24

Accenture (ACN) said it continues to expect fiscal 2024 GAAP EPS to be in the range of $11.41 to $11.76, an increase of 6% to 9% over fiscal 2023. Adjusted EPS is projected to be in the range of $11.97 to $12.32, an increase of 3% to 6%. This excludes $0.56 for business optimization costs in fiscal 2024, the company noted.

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Superdry Plc: FY Profitability To Be Impacted By Challenging Trading Environment

Masonite To Buy PGT Innovations In $3 Bln Cash, Stock Deal

Masonite International Corp. (DOOR), a manufacturer of interior and exterior doors and premium door systems, announced Monday a definitive agreement to acquire PGT Innovations, Inc. (PGTI), a manufacturer of patio door and premium window solutions. The deal is for a combination of cash and Masonite shares with a total transaction value of $3 billion.

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Thyssenkrupp Nucera Reports Operating Profit In Q4; Total Sales Up 47%

Steel Dynamics Issues Q4 Earnings Guidance - Quick Facts

Apellis Stock Tanks On Disappointing Regulatory Update On Pegcetacoplan

Apellis Pharmaceuticals Inc. (APLS), Thursday, announced that it expects the European Medicines Agency's Committee for Medicinal Products for Human Use, or CHMP, to adopt a negative opinion on the authorization application of intravitreal Pegcetacoplan.

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Ocular Therapeutix Prices Public Offering At $3.25/share

Biopharmaceutical company, Ocular Therapeutix, Inc. (OCUL), Thursday announced the pricing of an underwritten public offering of 30.8 million shares at $3.25 per share, to raise $100.1 million.

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Bunzl Plc On Track To Deliver Moderate Adjusted Operating Profit Growth In FY23

Despegar.com Raises Full-year Revenue Outlook Above View

Travel technology company, Despegar.com, Corp. (DESP), Wednesday announced its revised revenue outlook for the full year, better than the consensus estimate.

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Pfizer Sees FY24 Adj. EPS, Revenues Below Market; Stock Down In Pre Market

Drug major Pfizer Inc. (PFE) on Wednesday said it expects higher adjusted earnings and revenues for fiscal 2024, but both below market estimates.

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Dollarama Q3 Net Income Rises; Comps. Up 11.1%

Dollarama Inc. (DOL.TO) reported third quarter net earnings of C$261.1 million, or C$0.92 per share, compared to C$201.6 million, or C$0.70 per common share, prior year. On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of C$0.86, for the quarter. Analysts' estimates typically exclude special items.

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Polar Capital Technology Trust H1 Pretax Loss Narrows On Revenue Basis - Quick Facts

Polar Capital Technology Trust PLC reported first-half total pretax profit of 333.1 million pounds compared to a loss of 280.9 million pounds, prior year. Basic profit per share was 266.31 pence compared to a loss of 215.58 pence. On a revenue return basis, loss before tax narrowed to 2.9 million pounds from a loss of 3.2 million pounds, last year. Basic loss per share on a revenue return basis was 3.03 pence compared to a loss of 3.30 pence.

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Nokia Lowers Comparable Operating Margin Target To Be Achieved By 2026 - Quick Facts

Nokia (NOK) said the company has decided to lower comparable operating margin target to be achieved by 2026 from the prior at least 14% to at least 13%. Nokia believes 14% target remains achievable over the longer term. Nokia projects for both NI and CNS to grow faster than the market through 2026 while Mobile Networks will face challenges in 2024 and 2025 before returning to grow faster than the market in 2026. The company's other targets remain unchanged.

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SigmaTron Intl. Q2 Profit Falls

SigmaTron International, Inc. (SGMA) Friday announced a sharp fall in second-quarter profit, compared to the prior year on lower revenues and discontinued operations.

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Johnson Outdoors Slips To Loss In Q4

Johnson Outdoors Inc. (JOUT) reported Friday a net loss for the fourth quarter of $16.01 million or $1.56 per share, compared to net income of $9.65 million or $0.95 per share in the prior-year quarter.

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Hello Group Q3 Net Income Rises; Total Net Revenues Down 5.9%

Hello Group Inc. (MOMO) reported third quarter net income attributable to Hello Group of RMB 546.4 million, compared to RMB 450.8 million, prior year. Net income per ADS was RMB 2.75, compared to RMB 2.20. Non-GAAP net income attributable to Hello Group was RMB 605.9 million, compared to RMB 535.8 million, prior year. Non-GAAP net income per ADS was RMB 3.05, compared to RMB 2.60.

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Dollar General Reiterates FY23 Outlook; Declares Dividend - Update

While reporting financial results for the third quarter on Thursday, Dollar General Corp. (DG) reiterated its earnings, net sales growth and same-store sales guidance for the full-year 2023.

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Coats Group Agrees With UK Pension Scheme Trustee To Switch Off Deficit Repair Payments; Stock Up

Textile Manufacturer Coats Group plc (COA.L) Thursday said that it has entered into an agreement with UK Pension Scheme Trustee to switch off the monthly deficit repair payments, as a result of improvements in funding over the full year 2022.

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Future Plc FY23 Adj. Profit Declines; Revenue Down 10% On Organic Basis

Future plc (FUTR.L) reported fiscal 2023 profit before tax of 138.1 million pounds, down 19% from previous year. Earnings per share was 94.1 pence compared to 100.9 pence. Adjusted operating profit declined 6% to 256.4 million pounds. Adjusted EPS was 140.9 pence compared to 163.5 pence.

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AstroNova Q3 Net Income Rises

AstroNova, Inc. (ALOT) reported third quarter net income of $2.8 million, or $0.37 per share, compared with $289 thousand, or $0.04 per share, a year ago. On a non-GAAP basis, net income for the third quarter of fiscal 2023 was $829 thousand, or $0.11

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United Natural Foods Affirms FY24 Outlook For Adj. Per Share Results, Net Sales - Update

While reporting financial results for the first quarter of fiscal 2024 on Wednesday, United Natural Foods, Inc. (UNFI) reaffirmed its adjusted per share results and net sales guidance for the full-year 2024, while slashing reported loss per share outlook.

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Korn Ferry Q2 Profit Tops Estimates

Korn Ferry (KFY) posted a second quarter net loss attributable to Korn Ferry of $1.7 million compared to net income of $73.5 million, last year. Loss per share was $0.04 compared to profit of $1.38. The company noted that its per share result included a $52.8 million, or $1.01 per share, net of tax charge, primarily relating to restructuring actions. Adjusted earnings per share declined to $0.97 from $1.43, a year ago. On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.95, for the quarter. Analysts' estimates typically exclude special items.

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Paragon Banking FY Underlying Profit Before Fair Value Items Rises - Quick Facts

Paragon Banking Group PLC (PAG.L) reported that its fiscal year statutory profit before tax fell by 52.2% to 199.9 million pounds, reflecting the unwinding of non-cash accounting fair value gains reported in prior year. Reported EPS fell 46.8% to 68.7 pence. Underlying profit before fair value items increased by 25.4% to 277.6 million pounds. Underlying EPS increased 34.8% to 94.2 pence.

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NIO Inc. Q3 Loss Widens; Total Revenues Up 46.6%

NIO Inc. (NIO) reported on Tuesday a third quarter net loss attributable to NIO's ordinary shareholders of RMB 4.63 billion or $634.41 million, sharply wider than RMB 4.14 billion in the prior-year quarter. Net loss per ADS was RMB 2.67, compared with a loss of RMB 2.53.

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Moonpig Group H1 Adj. Pretax Profit Rises; Pro Forma Revenue Growth At 2.1%

Moonpig Group plc (MOON.L) reported that its first half profit before tax increased to 18.9 million pounds from 9.1 million pounds, last year. Earnings per share was 4.0 pence compared to 1.7 pence. Adjusted profit before tax was 20.8 million pounds, up 9.7%. Earnings per ordinary share before adjusting items was 4.4 pence compared to 4.2 pence.

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Hormel Foods Issues FY24 Guidance; Remains Focused On Strategic Priorities

Hormel Foods Corp. (HRL) said it expects fiscal 2024 to be a year of investment, consistent with the plan outlined at investor day. For fiscal 2024, the company expects: net sales growth of 1% to 3%; net earnings per share to be $1.43 to $1.57; and adjusted net earnings per share to be $1.51 to $1.65. The company noted that its adjusted net earnings per share guidance excludes the estimated impact of $0.08 per share from one-time and nonrecurring costs. Hormel Foods stated that consistent dividend growth remains one of its top priorities.

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Dollar Tree Trims FY23 Earnings, Revenue Outlook - Update

While reporting financial results for the third quarter on Wednesday, Dollar Tree, Inc. (DLTR) provided guidance for the fourth quarter and trimmed its earnings and revenue guidance for the full-year 2023.

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Genesco Slashes FY24 Earnings Outlook As Q3 Results Miss Estimates

Specialty retailer Genesco, Inc. (GCO) on Friday reported that net income for the third quarter plunged to $6.54 million or $0.60 per share from $20.38 million or $1.65 per share in the prior-year quarter.

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ABB Announces Upgraded Target For Long-term Comparable Revenue Growth - Quick Facts

ABB said the company is lifting comparable revenue growth target for long-term to 5-7 percent from 3-5 percent previously. The target for acquired growth remains unchanged at 1-2 percent. The company also increased target for annual operational EBITA margin to 16-19 percent. Also, the company sharpened its objective for basic EPS growth through the economic cycle to at least high single-digit, from basic EPS growth above revenue growth previously.

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LXi REIT Plc H1 EPRA Profit Rises

LXi REIT plc posted a first half loss before tax of 82.8 million pounds compared to a loss of 27.5 million pounds, last year. Loss per share was 4.9 pence compared to a loss of 2.3 pence. EPRA EPS was 4.07 pence, up 12.1% from last year. Adjusted cash EPS was 3.44 pence, an increase of 12.7%.

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Volex Plc H1 Underlying Operating Profit Rises; Constant Currency Organic Growth At 4.2%

Volex plc (VLX.L) reported that its first half statutory profit before tax was $22.0 million, up 2.3% from last year. Earnings per share, in cents, was 8.4 compared to 9.8. Underlying operating profit was $37.4 million, up 16.5%. Underlying earnings per share, in cents, was 14.2 compared to 13.7.

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FirstGroup Plc H1 Adj. Operating Profit From Cont. Ops. Rises

FirstGroup plc (FGROY.PK, FGROF.PK, FGP.L) posted a first half statutory loss before tax on continuing basis of 68.5 million pounds compared to profit of 37.0 million pounds, last year. Loss per share from continuing operations was 7.9 pence compared to profit of 3.9 pence. Adjusted operating profit from continuing operations was 100.6 million pounds compared to 66.1 million pounds, last year, reflecting strong demand in the First Rail open access operations, and higher than anticipated variable fee payments due to the division's management fee-based contracts for fiscal 2023 having now been agreed with the Department for Transport. Adjusted continuing EPS was 7.8 pence compared to 4.5 pence.

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Halfords Group H1 Adj. Profit Rises; LFL Revenue Up 8.3%

Halfords Group plc (HFD.L) reported that its first-half profit before tax was 19.3 million pounds compared to 18.7 million pounds, last year. Earnings per share was 6.4 pence compared to 6.6 pence. Underlying profit before tax was up 15.8% at 21.3 million pounds from 18.4 million pounds. Underlying earnings per share was 7.3 pence compared to 6.5 pence.

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Addex Therapeutics Posts Narrower Loss In Q3 - Quick Facts

Addex Therapeutics (ADXN) posted a third quarter net loss of 2.7 million Swiss francs compared to a loss of 4.2 million francs in the third quarter of 2022, primarily due to reduced R&D expenses. Loss per share was 0.03 francs compared to a loss of 0.09 francs.

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Topps Tiles FY Adj. Profit Before Tax Declines; LFL Revenue Up 3.1%

Topps Tiles Plc (TPT.L) reported fiscal year profit before tax of 6.8 million pounds, a decline of 37.6% from last year. Earnings per share was 1.61 pence compared to 4.55 pence. Adjusted profit before tax was 12.5 million pounds, down 19.9%, reflecting the inflationary impacts on costs. Adjusted earnings per share was 4.49 pence compared to 6.14 pence.

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Pets At Home Group H1 Pretax Profit Declines; LFL Revenue Up 6.2%

Pets at Home Group Plc (PETS.L) reported that its first half pretax profit declined to 34.7 million pounds from 53.4 million pounds, last year. Earnings per share was 5.2 pence compared to 8.6 pence. Underlying trading pretax profit declined to 47.8 million pounds from 59.2 million pounds. Underlying trading earnings per share was 7.3 pence compared to 9.5 pence. Underlying profit was impacted by continued investment in the platform with higher logistics costs and brand relaunch, the Group said.

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UP Fintech Q3 Adj. Profit Rises; Revenue Up 26.6%

UP Fintech Holding Limited (TIGR) reported third quarter non-GAAP net income of $16 million, a year-over-year increase of 141.1%. Revenue was $70.1 million, a year-over-year increase of 26.6%. In the third quarter, the company added 28,803 new global account holders, bringing the total to 2.15 million.

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Volex Plc H1 Underlying Operating Profit Rises; Constant Currency Organic Growth At 4.2%

FirstGroup Plc H1 Adj. Operating Profit From Cont. Ops. Rises

Youdao Q3 Loss Narrows

Youdao, Inc. (DAO) Thursday reported a narrower net loss for the third quarter on improved revenue, compared to the previous year.

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Enel Group Details Financial Targets Under 2024-2026 Strategic Plan

The Enel Group (ENLAY.PK) said, in the 2024-2026 Plan period, the Group expects to focus on: profitability, flexibility and resiliency through selective capital allocation to maximize Group risk/return profile. The Group expects net ordinary income to increase to between 7.1 and 7.3 billion euros in 2026, with a CAGR of around 6%. The Group expects 2023 net ordinary income at 6.4-6.7 billion euros.

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Grainger Plc FY23 EPRA Profit Rises; Net Rental Income Up 12%

Grainger plc (GRI.L) reported that its fiscal year profit before tax declined to 27.4 million pounds from 298.6 million pounds, last year. Earnings per share was 3.5 pence compared to 30.9 pence. The Group noted that IFRS result declined due to the prior year one-off 81.2 million pounds valuation gain from the transfer of trading assets in preparation for REIT conversion along with a lower valuation performance in fiscal 2023. Adjusted earnings increased 4% to 97.6 million pounds. Adjusted earnings per share was 10.3 pence compared to 10.2 pence. EPRA earnings was 39.8 million pounds, up 41%. EPRA earnings per share increased to 4.2 pence from 3.1 pence.

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Best Buy Sees Weak Q4 Comps, Cuts FY24 Outlook; Stock Down In Premarket- Update

Eelectronics retailer Best Buy Co Inc. (BBY), while reporting weak earnings and revenues in its third quarter, on Tuesday said it expects weak comparable sales in its fourth quarter.

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Kohl's Updates 2023 Earnings Guidance

Kohl's Corporation (KSS) said, for 2023, the company now projects earnings per share in the range of $2.30 to $2.70, excluding any non-recurring charges. This is compared to the prior guidance range of $2.10 to $2.70. Net sales are projected to decrease in a range of 2.8% to 4%, including the impact of the 53rd week. This is compared to the

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Jacobs Solutions Initiates FY24 Outlook

Jacobs Solutions Inc. (J) announced the company's outlook for fiscal 2024 adjusted EBITDA is $1.53 billion to $1.60 billion and adjusted EPS is $7.70 to $8.20, up 9% and 10% at the midpoints, respectively. Jacobs noted that its guidance incorporates full-year contribution of businesses to be separated.

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Lowe's Cuts FY23 Outlook Below Market On Lower-than-expected DIY Sales; Stock Down In Premarket

Home improvement retailer Lowe's Companies, Inc. (LOW), while reporting significantly higher profit and weak revenues in its third quarter, on Tuesday lowered fiscal 2023 earnings and revenue forecast below market estimates citing lower-than-expected DIY sales.

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Veon Up Over 5% In Pre-market On Q3 Profit, Increased Revenue Outlook

Shares of Veon Ltd. (VEON) were trading up on Monday after the company reported a profit for the third-quarter and raised its annual revenue outlook.

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So-Young Q3 Adj. Profit Slightly Declines; Total Revenues Up 19.2%

So-Young International Inc. (SY) reported third quarter net income attributable to So-Young of RMB 18.3 million compared with RMB 2.3 million, prior year. Earnings per ADS was RMB 0.18 compared with RMB 0.02. Non-GAAP net income attributable to So-Young was RMB 9.5 million, compared with RMB 9.9 million.

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BJ's Wholesale Club Q3 Results Top Estimates; Backs FY23 EPS Outlook

BJ's Wholesale Club Holdings Inc. (BJ) announced Thursday that net income for the third quarter grew to $130.47 million or $0.97 per share from $129.94 million or $0.95 per share in the prior-year quarter.

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ARKEMA Q3 Adj. Net Income Declines; Sales Down 17.2% At Constant Currency

ARKEMA (ARKAY.PK) reported third quarter net income - Group share - of 114 million euros compared to 224 million euros, last year. Earnings per share was 1.37 euros compared to 2.86 euros. Adjusted net income declined to 177 million euros from 260 million euros. Adjusted net income per share was 2.38 euros compared to 3.52 euros.

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Bavarian Nordic Q3 Operating Profit Rises; Maintains FY Guidance

Bavarian Nordic (BVNKF.PK) reported a third net loss of 340.6 million Danish kroner compared to profit of 12.1 million kroner, prior year. Loss per share of DKK 10 was 4.4 kroner compared to profit of 0.2 kroner. Operating profit or EBITDA increased to 380 million kroner from 226 million kroner. Revenue increased to 1.38 billion Danish kroner from 1.00 billion kroner.

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TJX Companies Boosts FY24 Outlook - Update

While reporting financial results for the third quarter on Wednesday, off-price retailer TJX Companies, Inc. (TJX) trimmed its earnings outlook for the fourth quarters, while raising its earnings guidance for the full-year 2024.

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Catalent Posts Adj. Loss In Preliminary Q1; Organic Net Revenue Down 8%

Catalent, Inc. (CTLT) posted a preliminary net loss of $715 million, or $3.94 per share, for the first quarter of fiscal 2024. Net loss included non-cash goodwill impairment charges of $700 million and incorporated the effect of a $29 million deferred tax adjustment. Adjusted net loss was $19 million, or $0.10 per share, compared to profit of $61 million, or $0.34 per share, last year. On average, 14 analysts polled by Thomson Reuters expected the company to report a loss per share of $0.14, for the quarter. Analysts' estimates typically exclude special items.

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Target Guides Q4 Adj. EPS In Line With Estimates - Update

While reporting financial results for the third quarter on Wednesday, discount retailer Target Corp. (TGT) maintained provided earnings, adjusted earnings and comparable sales guidance for the fourth quarter.

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Alstom Posts H1 Profit, Orders Dip; To Cut 1,500 Jobs, Sell Assets; Stock Down

Shares of Alstom SA were losing more than 19 percent in the morning trading in Paris after the French rolling stock maker reported Wednesday negative cash flow and weak orders in its first half, despite reporting a small profit, compared to prior year's loss. The company announced around 1,500 job cuts, scrapped dividend and plans to sell certain assets, with a view to cut short its debt burden.

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Adient Q3 Results Miss Estimates; Guides FY24 Below View

Automotive seating firm Adient plc (ADNT) reported Wednesday that net income attributable to Adient for the fourth quarter surged to $135 million or $1.42 per share from $45 million or $0.47 per share in the prior-year quarter.

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Vodafone Group H1 Adj. EBITDAaL Organic Growth At 0.3%; Service Revenue Up 4.2%

Vodafone Group Plc (VOD.L, VOD) reported that its first-half profit before tax declined to 550 million euros from 1.69 billion euros, last year. The Group posted a first half loss to owners of the parent of 346 million euros compared to profit of 945 million euros, prior year. Loss per share, in cents, was 1.28 compared to profit of 3.36. Adjusted EBITDAaL was 6.4 billion euros, down 12.0% on reported basis. Adjusted basic earnings per share, in eurocents, was 3.43 compared to 5.90, principally due to lower Adjusted EBITDAaL. Organic adjusted EBITDAaL growth was 0.3% despite a significant increase in energy costs. Adjusted free cash outflow was 1.5 billion euros, in the period.

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Modiv Industrial Reports Q3 FFO Loss

Modiv Industrial, Inc. (MDV) Monday announced third quarter FFO loss of $1.715 million or $0.23 per share compared to FFO earnings of $3.564 million or $0.35 per share in the previous year. On an adjusted basis, FFO were $0.33 per share.

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Henry Schein Updates 2023 Guidance; Sales To Decline Primarily Due To Cybersecurity Incident

Henry Schein, Inc. (HSIC) updated guidance for full-year 2023, and now expects non-GAAP EPS of $4.43 to $4.71. This reflects: a narrowing of the previous guidance range for the underlying business to $5.18 to $5.26 from prior guidance of $5.18 to $5.35, reflecting softening macroeconomic conditions, and an estimated $0.55 to $0.75 per share business interruption impact of the recent cybersecurity incident.

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Bilfinger Q3 Results Climb, Backs FY23 View; Stock Up

Bilfinger SE's shares were gaining more than 2 percent in the morning trading in Germany after the Industrial services provider Monday confirmed its fiscal 2023 forecast after reporting higher profit and revenues in its third quarter. The company noted that demand is stable across all regions and industries, while there is skepticism in the market regarding the German economy.

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Allianz Q3 Profit Down, Backs FY23 View; Stock Up

German financial services major Allianz SE reported Friday weak profit in its third quarter, despite higher revenues. The company further confirmed its fiscal 2023 outlook. Shares of Allianz were gaining more than 2 percent in the morning trading in Germany.

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Olympus Corp. Posts Loss From Cont. Ops. In H1; Revenue Up 4.7%

Olympus Corp. (OCPNY.PK) posted a first-half loss from continuing operations of 11.5 billion yen compared to profit of 69.5 billion yen, last year. Loss per share from continuing operations was 9.50 yen compared to profit of 54.48 yen. As a result of recording a gain of approximately 349.0 billion yen on the transfer of Scientific Solutions Business in discontinued operations during the six months ended September 30, 2023, first half profit to owners of parent was 216.30 billion yen, up 223.6% from previous year. Profit per share was 173.43 yen, compared to 52.45 yen.

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Brenntag Q3 Profit Declines; Sales Down 15.4% On Constant Currency Basis

Brenntag (BNTGF.PK) reported that its third quarter profit after tax declined to 177.6 million euros from 248.8 million euros, last year. Earnings per share was 1.18 euros compared to 1.60 euros. Operating EBITA was 302.7 million euros, a decline of 15.3%.

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Gildan Activewear Q3 Profit Down, Misses Estimates; Updates FY23 Outlook At Lower End

Gildan Activewear Inc. (GIL, GIL.TO) Thursday announced a decline in third-quarter earnings while revenues were up 2.3 percent, compared to the prior year. The company now expects full-year earnings and revenues to be at the lower end of its previous outlook.

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E.ON AG 9-month Adj. Profit Rises, External Sales Down 15%; Confirms FY Earnings Forecast

E.ON AG (EONGY.PK) reported net income to shareholders of 1.17 billion euros for the nine month period, down 69% from last year. Earnings per share was 0.45 euros compared to 1.46 euros. Adjusted net income was 2.94 billion euros, up 38%. Adjusted earnings per share was 1.13 euros compared to 0.81 euros. Adjusted EBITDA was 7.79 billion euros, an increase of 27%. For the nine month period, external sales were 69.24 billion euros, down 15% from previous year.

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GEO Group Q3 Revenues Top Estimates; Backs FY23 Revenue Outlook

The GEO Group, Inc. (GEO) reported Tuesday that net income attributable to the company for the third quarter declined to $24.52 million or $0.16 per share from $38.34 million or $0.26 per share in the prior-year quarter.

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ElringKlinger Q3 Net Income Rises; Revenue Up 0.7% In Organic Terms

ElringKlinger AG (EGKLF.PK) reported third quarter net income, after deducting income tax expenses, of 4.7 million euros compared to 3.9 million euros, last year. Earnings per share was 0.12 euros compared to 0.05 euros. Adjusted EBIT increased to 22.7 million euros from 18.5 million euros, last year, corresponding to an adjusted EBIT margin of 5.0% compared to 4.0%.

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UBS Posts Q3 Loss On Credit Suisse Integration; Stock Up On Underlying Profit

Swiss banking major UBS Group AG reported Tuesday a loss in its third quarter, compared to prior year's profit, reflecting the integration of Credit Suisse. However, the company recorded an underlying profit in the first full quarter since acquisition, and revenues climbed from last year with good growth in all segments. UBS shares were gaining more than 3 percent in the morning trading in Switzer

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Evonik Group Q3 Adj. Profit Declines; Sales Down 23%

Evonik Group (EVK.DE) reported a third quarter net loss of 96 million euros, compared to net income of 214 million euros prior year. Loss per share was 0.21 euros compared to profit per share of 0.46 euros. The decline was a result of the high adjustments and weaker business performance, Evonik said. Adjusted net income declined to 189 million euros from 253 million euros. Adjusted profit per share was 0.41 euros compared to 0.54 euros. Adjusted EBITDA declined by 21 percent to 485 million euros. The company said the decline was mainly attributable to the reduction in volumes, the resulting lower capacity utilization, and declining prices.

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Advent Teams With Airbus For Joint Benchmarking Project; Stock Up In Premarket

Advent Technologies Holdings, Inc. (ADN), a fuel cell and hydrogen technology space company, on Monday announced that it has reached an agreement with European aerospace and defense major Airbus SE (EADSF.PK) for a joint benchmarking project.

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BioNTech Q3 Profit Falls, Trims FY23 Vaccine Revenue Outlook

BioNTech SE (BNTX) Monday announced a sharp fall in third-quarter earnings compared to the prior year, as the commercial revenues were down sharply. The company revised down its COVID-19 vaccine revenues for the full year 2023.

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Constellation Energy Raises 2023 Adj. EBITDA Guidance

Constellation Energy Corp. (CEG) reported third quarter GAAP net income of $731 million compared to a loss of $188 million, a year ago. Profit per share was $2.26 compared to a loss of $0.57. Adjusted EBITDA increased to $1.20 billion from $592 million.

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Ryanair Holdings H1 Profit Rises; Operating Revenues Up 30%

Ryanair Holdings plc (RYA.L, RYAAY) reported first-half profit attributable to equity holders of parent, on IFRS basis, of 2.18 billion euros compared to 1.26 billion euros, last year. On pre-exceptional basis, profit for the half-year increased 59%. Earnings per share was 1.90 euros compared to 1.11 euros.

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Societe Generale Q3 Profit Hit By French Retail Issues

French financial service provider Societe Generale S.A. reported Friday a sharp drop in its third-quarter profit amid weak revenues. According to the company, the net result was penalized by the negative effect of short-term hedges on net interest income in French retail, the impact of which peaked in the third quarter.

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Cardinal Health Raises FY24 Non-GAAP EPS Guidance; Sees Pharmaceutical Revenue Growth Of 10%-12%

Cardinal Health (CAH) has raised its fiscal 2024 guidance range for non-GAAP earnings per share to $6.75 to $7.00, from prior guidance range of $6.50 to $6.75. The guidance includes an update to the Pharmaceutical segment profit outlook to 7% to 9% growth, from prior guidance range of 4% to 6% growth. Pharmaceutical segment revenue growth is projected in a range of 10% to 12%.

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Fluor Climbs Over 7% In Pre-market On Increased Q3 Profit, Revised Annual Outlook Above View

Shares of Fluor Corporation (FLR) were trading up over 7 percent after the company raised its annual outlook, above the Street view, to reflect the positive advances on large Energy Solutions projects and continued progress on projects in its legacy portfolio.

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Tompkins Financial Slips To Loss In Q3

Banking and financial services company Tompkins Financial Corp. (TMP) reported Friday a net loss attributable to Tompkins of $33.35 million or $2.35 per share, compared to net income of $21.34 million or $1.48 per share in the prior-year quarter.

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BorgWarner Updates Full Year Sales, EPS Guidance

BorgWarner Inc. (BWA) said, for full year 2023, the company expects net earnings per share to be within a range of $2.65 to $2.81. Excluding the impact of non-comparable items, adjusted net earnings are expected to be within a range of $3.60 to $3.80 per share. Net sales for 2023 are expected to be in the range of $14.1 billion to $14.3 billion, which implies a year-over-year increase in organic sales of 12% to 14%.

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Lufthansa Stock Up On Strong Q3 Results; Backs Outlook

Shares of Deutsche Lufthansa AG were gaining around 8 percent in the morning trading in Germany after the company reported higher third-quarter profit and revenues amid continued strong demand for air travel. Looking ahead for the fourth quarter, the German flag carrier said it expects to achieve a positive operating result. Further, profit outlook for 2023 and 2024 confirmed.

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Fresenius Group Q3 Group EBIT Before Items Rises, Revenue Growth At 6%; Improves FY EBIT Guidance

Fresenius Group reported a third quarter net loss of 406 million euros compared to profit of 321 million euros, prior year. The company said negative result is due to the Fresenius Medical Care valuation effect according to IFRS 5 of 594 million euros. Reported loss per share was 0.72 euros compared to profit of 0.57 euros. Group net income before special items decreased by 7% or down 5% in constant currency to 344 million euros. Earnings per share before special items was 0.61 euros compared to 0.66 euros. Group EBIT before special items increased by 8% or 10% in constant currency to 519 million euros, mainly driven by the good earnings development at the Operating Companies.

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Brinker International Q1 Adj. EPS Tops Estimates; Boosts Adj. EPS Outlook

Casual dining restaurant owner Brinker International, Inc. (EAT) reported Wednesday net income for the first quarter of $7.2 million or $0.16 per share, compared to a net loss of $30.2 million or $0.69 per share in the prior-year quarter.

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Humana Affirms FY22 Adj. EPS Outlook - Update

While reporting financial results for the third quarter on Wednesday, health insurer Humana Inc. (HUM) affirmed its adjusted earnings guidance for the full-year 2023.

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GSK Lifts FY23 Outlook As Q3 Profit From Cont. Opns Surges

British drug major GSK Plc on Wednesday lifted its fiscal 2023 forecast for earnings and sales after reporting higher third-quarter profit on continuing operations basis. The results were benefited by vaccines' performance, mainly the US launch of Arexvy, the world's first RSV vaccine. Total profit for the quarter, meanwhile, plunged from last year on the absence of prior year's hefty gain.

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GSK Plc Q3 Adj. Operating Profit Rises, Turnover Ex COVID Up 16% At CER; Upgrades FY Guidance

GSK Plc (GSK.L, GSK) reported that its third quarter profit attributable to shareholders from continuing operations was 1.46 billion pounds compared to 759 million pounds, last year. Earnings per share from continuing operations was 35.6 pence compared to 18.6 pence. Third quarter adjusted operating profit was 2.77 billion pounds, up 6% AER, or an increase of 15% at CER. Adjusted earnings per share from continuing operations was 50.4 pence compared to 46.9 pence.

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JetBlue Sees Wider Than Expected Loss In Q4, Cuts FY23 Outlook; Stock Dips In Premarket - Update

JetBlue Airways Corp. (JBLU), while reporting a loss in its third quarter with weak revenues, on Tuesday issued fourth-quarter outlook and trimmed its forecast for fiscal 2023 to now expect an adjusted loss.

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BP Stock Dips As Q3 Profit Misses View; Plans Addl. $1.5 Bln Buyback

Shares of BP Plc were losing around 4 percent in the morning trading in London as well as in pre-market activity on the NYSE after the British energy major reported Tuesday weak underlying replacement cost profit in its third quarter, below market estimates, as revenues were hit by lower gas prices. On a reported basis, replacement cost profit was significantly higher.

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Healthpeak Properties Q3 Nareit FFO Rises; Announces Merger With Physicians Realty Trust

Healthpeak Properties, Inc. (PEAK) reported third quarter net income to common shares of $64.05 million compared to $353.37 million, prior year. Earnings per share was $0.12 compared to $0.65. Nareit FFO was $252.57 million or $0.46 per share compared to $227.43 million or $0.42 per share, last year. FFO, as adjusted, per share was $0.45 compared to $0.43. AFFO per share increased to $0.40 from $0.36.

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Mitsubishi Motors H1 Net Income Declines; Net Sales Up 14.9%

Mitsubishi Motors Corp. (MMTOF.PK) reported that its first half net income to owners of the parent was 67.5 billion yen, a decline of 18.4% from last year. Earnings per share was 45.34 yen compared to 55.59 yen, prior year. Net sales were 1.33 trillion yen, an increase of 14.9% from prior year.

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Sanofi Q3 Profit Rises, Backs FY23 View, To Split Consumer Healthcare Unit; Stock Dips

French drug major Sanofi reported Friday higher profit in its third quarter, while sales declined. Further, the company reiterated fiscal 2023 business earnings view. Separately, Sanofi said it plans to separate the Consumer Healthcare Business with a view to focus on Biopharma business. Sanofi shares were losing more than 15 percent in the morning trading in Paris.

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NVent Electric Q3 Profit Gains, Lifts FY23 Outlook

Electrical connection and protection solutions provider nVent Electric plc (NVT) Friday announced a slight increase in third quarter earnings on improved revenues. The company raised its full year earnings outlook.

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Stanley Black & Decker Lifts FY23 Adj. EPS View Above Market; Stock Up In Premarket - Update

Stanley Black & Decker, Inc. (SWK), while announcing weak third-quarter results, on Friday updated its fiscal 2023 forecast.

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Air France-KLM Q3 Net Income Rises; Revenues Up 8.9% At Constant Currency

Air France-KLM (AFRAF.PK) said it delivered a solid quarter, driven by strong summer demand. The company reported third quarter net income to equity holders of 931 million euros, an increase of 102% from prior year. Income from current operations was 1.34 billion euros, up 31%.

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Virginia National Bankshares Q3 Profit Declines

Virginia National Bankshares Corp. (VABK) reported Friday that net income for the third quarter declined to $4.7 million or $0.86 per share from $5.8 million or $1.08 per share in the prior-year quarter.

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Deutsche Bank Q3 Pre-tax Profit Rises, Sees Revenue Growth In FY23; Stock Up

Deutsche Bank AG shares were gaining around 7 percent in the morning trading in Germany as well as in pre-market activity on the NYSE after the German banking major on Wednesday reported higher pre-tax profit in its third quarter, the highest for any third quarter since 2006, driven by revenue strength. On an after tax basis, profit declined.

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DWS Group 9-month Profit Declines - Quick Facts

DWS Group (DWS.F) reported that its net income declined in the first nine months of 2023 year-on-year by 12 percent to 430 million euros from 488 million euros, last year, which reflects the significantly more positive market conditions at the beginning of 2022. In the first nine months of 2023, adjusted revenues decreased year-on-year by 5 percent to 1.94 billion euros from 2.05 billion euros, previous year, predominantly due to lower management fees, mainly driven by declining markets in 2022, which led to lower average Assets under Management during the first nine months of 2023.

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Prologis Boosts FY23 Core FFO Outlook - Update

While reporting its financial results for the third quarter on Tuesday, logistics real estate firm Prologis Inc. (PLD) raised its core funds from operations outlook for the full-year 2023.

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UniCredit Q3 Net Profit Rises; Net Revenues Up 23.1% - Quick Facts

UniCredit S.p.A. reported third quarter stated net profit of 2.3 billion euros, up 35.9% from a year ago. Net profit after AT1/CASHES coupon was 2.3 billion euros, up 34.8%. Earnings per share was 1.24 euros, up 53.7% from last year.

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Citizens Financial Services Q3 EPS Declines

Citizens Financial Services, Inc. (CZFS), parent company of First Citizens Community Bank, announced Monday that net income for the third quarter was $7.55 million or $1.61 per share, compared to $7.54 million or $1.88 per share in the prior-year quarter.

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Munich Re: Preliminary Q3 Net Result Tops Consensus; To Surpass Previous Annual Target

Munich Re posted a preliminary net result of approximately 1.2 billion euros in the third quarter of 2023 due to consistently good operational performance in all business segments. In property-casualty reinsurance, the company posted major losses that were slightly below the expected average.

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Atoss Software 9-month Profit Rises; Revenues Up 35%; FY Results To Exceed Forecast

Atoss Software (AOF.DE) reported that its nine-month net profit increased 80% to 24.8 million euros. Earnings per share was 3.12 euros compared to 1.73 euros. Operating earnings rose by 70 percent to 36.7 million euros. EBIT margin was 33 percent compared to 26 percent.

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Virginia National Bankshares Q3 Profit Declines

American Express Backs FY23 Outlook - Update

While reporting financial results for the third quarter on Friday, American Express Co. (AXP) backed its earnings and revenue growth guidance for the full-year 2023.

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AT&T Q3 Adj. Profit Tops View, Lifts FY23 Forecast; Stock Up In Premarket

Telecom giant AT&T, Inc. reported Thursday weak profit in its third quarter, despite a slight growth in revenues with solid 5G and fiber subscriber growth. Adjusted earnings and topline beat market estimates, and the company raised its fiscal 2023 guidance for adjusted EBITDA, a key earnings metric. In pre-market activity on the NYSE, AT&T shares were gaining around 4 percent.

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Insteel Industries Q4 Profit Plunges

Insteel Industries Inc. (IIIN) announced Thursday that net income for the fourth quarter plunged to $5.6 million or $0.29 per share from $24.3 million or $1.24 per share in the prior-year quarter.

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Nokia Q3 Results Down, To Cut Up To 14,000 Jobs; Stock Dips

Shares of Nokia Corp. were losing around 4 percent in the morning trading in Helsinki as well as around 3 percent in pre-market activity on the NYSE after the Finnish telecom major reported Thursday a sharp drop in its third-quarter profit and revenues amid ongoing macroeconomic challenges. Separately, Nokia announced a cost reduction program, expecting to cut up to 14,000 jobs.

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Renault Q3 Group Revenue Up 13.8% At Constant Exchange Rates; Confirms 2023 Guidance

Renault Group (RNSDY.PK, RNSDF.PK, RNT.L) said it achieved again a strong performance in the third quarter with total revenue increasing by 13.8% at constant exchange rates. Worldwide Group's sales were 511,000 vehicles in third quarter, up 6.1% compared to a year ago. In Europe, sales were up 15.3%.

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First Horizon Q3 Adj. EPS Tops Estimates, But Revenues Miss

First Horizon Corp. (FHN) reported Wednesday that its net income available to common shareholders for the third quarter plunged to $129 million or $0.23 per share from $257 million or $0.45 per share in the prior-year quarter.

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ABB Stock Down On Weak Q3 Orders, Q4 Margin Warning

Swiss engineering company ABB Ltd. reported Wednesday significantly higher profit in its third quarter with strong revenue growth, while orders were weak. Going ahead, the company projects comparable revenue growth in the fourth quarter, but margin will be lower sequentially. The company further lifted its forecast for fiscal 2023. In Switzerland, ABB shares were losing around 5 percent.

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Tele2 AB Q3 Underlying EBITDAaL Up 3% Organically, End-user Service Revenue Up 3%

Tele2 AB (TLTZF.PK, TLTZY.PK) reported that its third quarter profit from continuing operations attributable to equity holders of the parent company increased to 1.06 billion Swedish kronor from 1.00 billion kronor, last year. Earnings per share from continuing operations was 1.53 kronor compared to 1.44 kronor. Underlying EBITDAaL was 2.8 billion kronor, up 3% organically driven by end-user service revenue growth and cost savings related to the Business Transformation Program, which were partly offset by inflationary pressures.

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Johnson & Johnson Lifts 2023 Guidance Midpoints For Sales, Adj. EPS

Johnson & Johnson (JNJ) said, for fiscal 2023, the company now expects adjusted operational EPS in a range of $10.02 - $10.08, an increase in midpoint of $0.10 from the company's previous guidance range. Adjusted EPS is expected in a range of $10.07 - $10.13, an increase in midpoint of $0.05 from the prior outlook.

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Ericsson Slips To Q3 Loss, Warns On Uncertain FY24; Stock Down

Shares of LM Ericsson were losing around 9 percent in the morning trading in Stockholm after the Swedish telecom company reported Tuesday a hefty loss in its third quarter, compared to prior year's profit, hit by one-time charge related to Vonage acquisition, as well as weak sales. Looking ahead, the company expects the current macroeconomic uncertainty to persist into 2024.

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Neogen Q1 Results Miss Estimates; Backs FY24 Outlook

Neogen Corp. (NEOG) reported on Tuesday that net income for the first quarter plunged to $1.50 million or $0.01 per share from to $5.21 million or $0.05 per share in the prior-year quarter.

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PepsiCo Q3 Results Top Estimates, Lifts FY23 Core EPS View Above Market

Snack and beverage giant PepsiCo. Inc. reported Tuesday higher profit and revenues in its third quarter with growth in most of the regions. Core earnings per share and top line beat market estimates. Further, the company raised its fiscal 2023 core earnings view, while maintained revenue gowth forecast. The company also issued fiscal 2024 outlook, expecting a growth.

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JPMorgan Q3 Profit Up 35%, Results Top Estimates

US investment bank JPMorgan Chase reported Friday a profit for the third quarter that grew 35 percent from last year, driven by lower provision for credit losses and higher net interest income. Both earnings per share and revenues for the quarter topped analysts' expectations.

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JPMorgan Chase Q3 Results Top Estimates

US investment bank JPMorgan Chase & Co. (JPM) reported Friday that net income for the third quarter increased to $13.15 billion or $4.33 per share from $9.74 billion or $3.12 per share in the prior-year quarter.

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Infosys Backs FY24 Margin View, Cuts Revenue Growth Outlook; Stock Down In Premarket

Infosys Ltd (INFY), while announcing higher second-quarter results, on Thursday maintained its fiscal 2024 operating margin guidance, but trimmed the top end of its revenue growth view range.

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Commercial Metals Q4 Adj. EPS Misses Estimates

Commercial Metals Co. (CMC) on Thursday reported that net earnings for the fourth quarter declined to $184.17 million or $1.56 per share from $288.63 million or $2.40 per share in the prior-year quarter.

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EasyJet To Deliver Record Q4 Headline Pretax Profit, Achieves FY23 Financial Targets

easyJet Plc (ESYJY.PK, EZJ.L) said it expects fourth quarter headline profit before tax to be between 650 million pounds - 670 million pounds. Total group revenue is projected to be around 3.12 billion pounds with passenger revenue of 1.97 billion pounds. During fourth quarter, easyJet flew 28.6 million seats, a 9% increase on the same period last year. Load factor was 92%, flat with prior year. Passenger numbers in the quarter increased to 26.2 million from 24.3 million.

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BioXcel Reports Positive OS Results From Phase 2 Trial Of BXCL701 In Patients With SCNC

BioXcel Therapeutics, Inc. (BTAI), a biopharmaceutical company focused on neuroscience and immuno-oncology, announced Tuesday positive overall survival or OS data from its Phase 2 trial of BXCL701 in combination with KEYTRUDA (pembrolizumab) in patients with small cell neuroendocrine prostate cancer or SCNC.

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PepsiCo Q3 Results Top Estimates, Lifts FY23 Core EPS View Above Market

PepsiCo Q3 Results Climb, Top Estimates; Lifts FY23 Earnings View; Sees Growth In FY24

PepsiCo, Inc. (PEP) reported Tuesday that its third-quarter net income attributable to the company grew to $3.09 billion from last year's $2.70 billion. Earnings per share improved to $2.24 from prior year's $1.95.

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Lamb Weston Updates FY24 Outlook; Stock Surges

Lamb Weston Holdings, Inc. (LW) said the company delivered solid sales and earnings growth in the first quarter, driven by the carryover benefit of pricing actions initiated last year as well as improved customer and product mix. Looking forward, the company raised financial targets for fiscal 2024 to reflect performance in the quarter, as well as the current solid demand and pricing environment.

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Conagra Brands Q1 Profit Beats Estimates; Net Sales Impacted By Elongated Volume Recovery Timetable

Conagra Brands, Inc. (CAG) posted a growth of 15.8% in its first-quarter adjusted earnings per share from a year ago. Adjusted operating margin was 16.7%, a 297 basis point increase over the prior year quarter. First quarter net sales were flat with prior year, impacted by elongated volume recovery timetable. Organic net sales declined 0.3%, for the quarter, driven by a 6.6% decrease in volume largely due to industry-wide slowdown in consumption and recent consumer behavior shifts, partially offset by a 6.3% improvement in price/mix.

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Gerresheimer Q3 Adj. Net Income Declines, Revenues Up 5.5% Organic; Confirms FY Guidance

Gerresheimer AG (GRRMF.PK) reported that its third quarter net income to shareholders increased to 28.0 million euros from 27.3 million euros, last year. Earnings per share was 0.81 euros compared to 0.87 euros. Adjusted net income declined to 37.7 million euros from 37.9 million euros. Adjusted EPS was 1.07 euros compared to 1.15 euros. Revenues were 487.9 million euros compared to 473.0 million euros.

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Vivos Therapeutics In Deals With Ormco, On Demand Orthodontist; Stock Up In Pre-market

Medical device and technology company Vivos Therapeutics, Inc. (VVOS) announced Wednesday two key strategic agreements with Ormco, a division of Envista Holdings Corp. (NVST), and On Demand Orthodontist to provide Spark Clear Aligners.

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Helen Of Troy Slips Over 6% In Pre-market After Downbeat In Q2 Profit, Revenue

Shares of Helen of Troy Ltd. (HELE) were trading down on Wednesday after the company reported a decline in earnings and revenue for the second-quarter.

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Paychex Updates FY24 Business Outlook

Paychex, Inc. (PAYX) said the company now expects fiscal 2014 adjusted earnings per share growth in a range of 9% to 11%. Previously, the company projected adjusted earnings per share growth in the range of 9% to 10%. Interest on funds held for clients is now anticipated to be in the range of $140 million to $150 million. The company noted that the other aspects of guidance for fiscal 2024 remain unchanged.

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ALX Oncology More Than Doubles In Pre-market After Positive Interim Phase 2 Data From ASPEN-06 Trial

Shares of ALX Oncology Holdings Inc. (ALXO) were trading up over 114 percent on Tuesday after the company reported positive prespecified interim Phase 2 data from its ASPEN-06 clinical trial of Evorpacept for Cancer.

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American Electric Power Names Charles Zebula CFO, Reaffirms Operating Earnings Outlook

American Electric Power Co. Inc. (AEP) Monday announced the appointment of Charles Zebula as chief financial officer and executive vice president, effectively immediately succeeding Ann Kelly, who decided to leave the company.

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Blue Apron More Than Doubles In Pre-market After Merger Deal With Wonder Group

Shares of Blue Apron Holdings, Inc. (APRN) are trading up over 133 percent on Friday morning, after the company announced a merger deal to be acquired by Wonder Group.

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Baudax Bio: FDA Grants Orphan Drug Designation To TI-168 For Hemophilia A With Inhibitors

Baudax Bio, Inc. (BXRX), a biotechnology company, announced Thursday that the U.S. Food and Drug Administration or FDA has granted orphan drug designation to its lead clinical candidate TI-168 for the treatment of Hemophilia A with inhibitors.

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CarMax Slips Over 13% In Pre-market After Q2 Profit, Revenue Decline

Shares of CarMax, Inc. (KMX) were trading down on Thursday after the company reported a fall in earnings for the second-quarter, below the analysts' estimates.

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Accenture Issues FY24 Guidance

Accenture (ACN) said, for fiscal 2024, the company expects GAAP EPS to be in the range of $11.41 to $11.76, an increase of 6% to 9% over fiscal 2023. Adjusted EPS is projected to be in the range of $11.97 to $12.32, an increase of 3% to 6% over fiscal 2023. The company noted that the guidance excludes $0.56 for business optimization costs in fiscal 2024.

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Paychex Updates FY24 Business Outlook

Marriott Projects 15% To 20% Growth In Adj. EPS Over Three-Year Period

Marriott International, Inc. (MAR) presented the company's three-year financial model through 2025. As per the assumptions in its three-year model, adjusted earnings per share could rise 25 to 29 percent year-over-year in 2023 and at a 10 to 15 percent two-year CAGR to reach $10.10 to $11.45 in 2025. Adjusted EBITDA could rise 18 to 21 percent year-over-year in 2023 and at a 7 to 10 percent two-year CAGR to reach $5.2 to $5.7 billion in 2025. Total gross fee revenues are projected to rise 16 to 18 percent year-over-year in 2023 and at a 6.5 to 9.5 percent two-year CAGR to reach $5.4 to $5.8 billion in 2025. Marriott shareholders could see $1.9 to $2.0 billion in dividends, assuming a 25 percent payout ratio, and $9.8 to $11.6 billion in share repurchases, for total shareholder returns of $11.7 to $13.6 billion over the three-year period.

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General Mills Reaffirms FY24 Outlook - Update

While reporting financial results for the first quarter on Wednesday, branded food company General Mills, Inc. (GIS) reaffirmed its adjusted earnings growth and organic net sales growth outlook for the full-year 2024.

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Liberty Media Proposes To Combine With Sirius XM Holdings; Stocks Move In Premarket

Liberty Media Corp. (LSXMK) announced on Tuesday that it has communicated a proposal to Sirius XM Holdings Inc. (SIRI), an audio entertainment company, to combine Liberty SiriusXM tracking stock group or LSXM with SiriusXM. This would create a new consolidated public company, New SiriusXM.

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United Natural Foods Posts Loss In Q4; Announces Board-led Financial Review, Shares Plummet

United Natural Foods, Inc. (UNFI) posted a fourth-quarter net loss of $68 million compared to net income of $39 million, prior year. Net loss per share was $1.15 compared to net income per share of $0.63. Adjusted loss per share was $0.25, compared to adjusted profit of $1.27. On average, 11 analysts polled by Thomson Reuters expected the company to report a loss per share of $0.28, for the quarter. Analysts' estimates typically exclude special items. Adjusted EBITDA decreased 56.3% to $93 million.

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Scynexis Recalls GSK- Licensed Ibrexafungerp Tablets, Halts Trials On Contamination Concerns

Scynexis Inc. (SCYX), which is in exclusive license deal with GSK plc (GSK, GSK.L) for antifungal drug Brexafemme (ibrexafungerp tablets), said it is recalling the drug from the market and placing a temporary hold on clinical studies of ibrexafungerp, citing cross contamination concerns.

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Cara Therapeutics To Get $1.5 Mln Payment As KORSUVA IV Injection Syringe Approved In Japan

Cara Therapeutics, Inc. (CARA), a commercial-stage biopharmaceutical company focused on pruritus, announced Monday the Approval of KORSUVA IV Injection Syringe in Japan to treat pruritus in hemodialysis patients. The company now would receive $1.5 million milestone payment from its licensing partner Maruishi Pharmaceutical Co., Ltd under the deal.

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Seagen Up In Pre-Market After Positive Results From EV-302 Trial

Shares of Seagen Inc. (SGEN) are trading up over three percent on Friday after the company released positive results from EV-302 trial.

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Cisco To Buy Cybersecurity Firm Splunk In $28 Bln Deal; Stock Down In Premarket

Cisco Systems Inc. (CSCO) announced Wednesday its agreement to acquire Splunk Inc. (SPLK), a c and observability company, for $157 per share in cash, representing around $28 billion in equity value.

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FactSet Q4 Profit Misses Estimates; Organic Revenue Up 7.2%

FactSet (FDS) reported that its fourth quarter net income declined to $65.1 million from $104.4 million, prior year. GAAP earnings per share decreased 37.5% to $1.68, mainly due to non-recurring charges and the higher tax provision, which had a $0.68 impact. Adjusted net income was $113.6 million, down 6.5%. Adjusted EPS decreased 6.4% to $2.93, compared with $3.13, last year, mainly due to non-recurring charges and the higher tax provision, which had a $0.68 impact. On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $3.50, for the quarter. Analysts' estimates typically exclude special items.

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General Mills Reaffirms FY24 Outlook - Update

Kingfisher H1 Adj. Pretax Profit Declines, LFL Sales Down 2.2%; Updates FY Profit Outlook

Kingfisher PLC (KGF.L) reported that its first half pretax-profit declined to 317 million pounds from 474 million pounds, last year, reflecting lower operating profit, including the impact of impairments reflecting revised future projections. Earnings per share was 12.2 pence compared to 18.3 pence. Adjusted pretax profit declined to 336 million pounds from 472 million pounds, last year, reflecting lower retail profit and higher central costs and share of JV interest and tax, partially offset by lower net finance costs. Adjusted earnings per share was 12.8 pence compared to 18.0 pence.

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Delta Air Lines Updates Q3 Guidance; Reaffirms FY Earnings Outlook

Delta Air Lines Inc. (DAL, DALRQ.PK) announced the company now expects September quarter non-GAAP earnings per share in a range of $1.85-$2.05, revised from prior guidance of $2.20-$2.50. Non-GAAP operating margin is anticipated to be approximately 13%, updated from prior guidance of mid-teens.

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Koppers Expects To Exceed Prior Full-year Guidance; Affirms Sales Forecast

Koppers Holdings Inc. (KOP) affirmed previous forecast for 2023 sales of approximately $2.1 billion, while increasing both adjusted EBITDA and adjusted earnings per share guidance. Adjusted EBITDA is now anticipated to be in the range of $250 million to $260 million, compared with $250 million previously. Adjusted EPS is now expected to be in the range of $4.30 to $4.60 per share, compared with $4.40 previously.

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American Airlines Cuts Q3 Adj. EPS View Below Market; Lifts Capacity View; Stock Down In Premarket

American Airlines Group, Inc. (AAL) on Wednesday trimmed its third-quarter earnings outlook, citing certain expenses and significantly higher fuel prices since the initial guidance issued on July 20.

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Eiger To Discontinue Peginterferon Lambda Trial In CHD Patients; Stock Down In Premarket

Eiger BioPharmaceuticals, Inc. (EIGR), a commercial-stage biopharmaceutical company focused on rare metabolic diseases, Wednesday said it has decided to discontinue the Phase 3 LIMT-2 study of peginterferon lambda in patients with chronic hepatitis delta or CHD.

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REV Group Q3 Results Top Estimates; Boosts FY23 Outlook

REV Group, Inc. (REVG), a manufacturer of specialty vehicles, on Wednesday reported that net income for the third quarter plunged to $14.9 million or $0.25 per share from $9.5 million or $0.16 per share in the prior-year quarter.

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Spirit Airlines Cuts Q3 Revenue View Below Market; Stock Down In Premarket

Spirit Airlines, Inc. (SAVE), an ultra-low cost airline, on Wednesday trimmed its adjusted margin and revenue forecast for its third quarter.

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Cognyte Q2 Loss Narrows, Updates FY24 Outlook; Stock Up In Pre Market

Cognyte Software Ltd. (CGNT) on Tuesday reported narrower loss for its second quarter, amid weak revenues. The company also updated its outlook for fiscal 2024.

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Humacyte Reports Positive Top Line Trial Results Of Human Acellular Vessel To Treat Vascular Trauma

Humacyte, Inc. (HUMA), a clinical-stage biotechnology company focused on universally implantable, bioengineered human tissue at commercial scale, announced Tuesday positive top line results from its V005 Phase 2/3 trial of the Human Acellular Vessel or HAV in vascular trauma repair.

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Sight Sciences Issues Q3 View, Cuts FY23 Revenue Outlook Below Market; Stock Down In Premarket

Sight Sciences, Inc. (SGHT), an eyecare technology company, on Tuesday issued a third-quarter revenue guidance, and trimmed its revenue outlook for fiscal 2023, below market estimates.

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Associated British Foods Sees FY Adj. Operating Profit Slightly Better Than Prior Outlook

Associated British Foods PLC (ASBFY.PK, ABF.L) issued an update prior to entering the close period for its full year results for the 52 weeks to 16 September 2023. The Group said, overall, outlook for the financial year is slightly better than previous expectations of Group adjusted operating profit to be moderately ahead of last year.

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NovaBay Pharma Agrees With BioStem To Commercialize Amniotic Tissue Allograft As Avenova Allograft

NovaBay Pharmaceuticals, Inc. (NBY) announced Monday an agreement to commercialize BioStem Technologies, Inc.'s (BSEM) Amniotic Tissue Allograft as Avenova Allograft. The company plans to launch Avenova Allograft in the coming weeks.

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BioLineRx: FDA Approves APHEXDA Plus Filgrastim To Mobilize Hematopoietic Stem Cells; Stock Up

BioLineRx Ltd. (BLRX), a commercial stage biopharmaceutical company focused on certain cancers and rare diseases, announced Monday that the U.S. Food and Drug Administration or FDA has approved APHEXDA (motixafortide) in combination with filgrastim (G-CSF) to mobilize hematopoietic stem cells to the peripheral blood. This is for collection and subsequent autologous transplantation in patients with multiple myeloma.

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Kroger Reaffirms FY23 Outlook - Update

While reporting financial results for the second quarter on Friday, supermarket chain Kroger Co. (KR) reaffirmed its adjusted earnings and identical sales outlook for the full-year 2023. Identical sales growth for the second quarter, without fuel, increased 1.0 percent, with underlying growth of 2.6 percent.

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HanesBrands In Licensing Deal With G-III Apparel For Champion And C9 Champion Outerwear

Basic apparel maker HanesBrands, Inc. (HBI) Thursday said it has entered into a strategic multi-year license agreement for Champion and C9 Champion Outerwear with G-III Apparel Group, Ltd. (GIII).

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Science Applications International Q2 Results Top Estimates; Boosts FY24 Outlook

Technology integrator Science Applications International Corp. (SAIC) announced Thursday that net income for the second quarter soared to $247 million or $4.56 per share from $74 million or $1.30 per share in the prior-year quarter.

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Swiss Life Group H1 Profit Rises On Comparable Basis

Swiss Life Group (SZLMY.PK, SLHN.VX) reported first half net profit of 630 million Swiss francs. In the prior-year, net profit was 560 million francs, on a comparable basis. Under IFRS 17 and the now discontinued IAS 39 standard, prior-year net profit would have been 710 million francs.

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Salzgitter Shares Down After Suspending FY23 Outlook As Aurubis Says Won't Reach Target

Shares of Salzgitter AG (SZGPY.PK) were losing around 6 percent in the morning trading in Germany after the steel manufacturer Friday said that it is suspending earnings guidance for fiscal 2023 for the time being. The move follows the outlook revision by non-ferrous metal supplier Aurubis AG (AIAGY.PK), in which Salzgitter holds 29.99 percent stake.

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Patterson Reaffirms FY24 Outlook - Update

While reporting financial results for the first quarter on Wednesday, medical supplies company Patterson Companies Inc. (PDCO) reaffirmed its earnings and adjusted earnings guidance for the full-year 2024.

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Conn's Posts Loss In Q2; Same Store Sales Down 15.4%

Conn's, Inc. (CONN) posted a second quarter net loss of $33.5 million, or $1.39 per share, compared to net income of $2.1 million, or $0.09 per share or adjusted net income of $1.0 million, or $0.04 per share, a year ago. The company noted that there were no non-GAAP adjustments for the three months ended July 31, 2023. On average, three analysts polled by Thomson Reuters expected the company to a loss per share of $1.53, for the quarter. Analysts' estimates typically exclude special items.

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NAPCO Security Technologies Boosts Quarterly Dividend 28%

While reporting financial results for the fourth quarter on Tuesday, NAPCO Security Technologies, Inc. (NSSC) announced a 28 percent higher quarterly dividend of $0.08 per share, payable on September 22, 2023 to shareholders of record on September 1, 2023.

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Big Lots Guides Q3, Q4 Comp Sales - Update

While reporting financial results for the second quarter on Tuesday, home discount retailer Big Lots, Inc. (BIG) provided comparable sales growth guidance for the third and the fourth quarters.

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J. M. Smucker Boosts FY24 Adj. EPS Outlook - Update

While reporting financial results for the first quarter on Tuesday, consumer goods company J. M. Smucker Co. (SJM) raised its adjusted earnings guidance for the full-year 2024, while maintaining annual net sales growth outlook.

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GMS Q1 Earnings Down, While Adj. EPS, Sales Beat View; Stock Up In Premarket

GMS Inc. (GMS), a building products distributor, on Thursday reported lower earnings in the first quarter of fiscal 2024. However, adjusted earnings beat analysts' estimates with higher revenues, also above market.

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Hormel Foods Projects Q4 EPS To Decline YoY; Expects Modest Volume Growth

Hormel Foods Corp. (HRL) said the company expects its fourth quarter net earnings per share to be down from last year, reflecting continued weakness in the International segment and lower Retail segment results. The company projects fourth quarter net sales to be between $3.1 billion and $3.6 billion. Hormel Foods expects modest volume growth in the fourth quarter.

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InflaRx: EMA Reviews MAA For Vilobelimab For Critically Ill COVID-19 Patients; Stock Up In Premarket

InflaRx N.V. (IFRX), a biotechnology company pioneering anti-inflammatory therapeutics targeting the complement system, Wednesday said the European Medicines Agency or EMA has validated its Marketing Authorization Application or MAA for Vilobelimab to treat Critically Ill COVID-19 Patients.

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REX American Resources Q2 Profit Declines

REX American Resources Corp. (REX) on Wednesday reported that second-quarter net income attributable to REX common shareholders declined to $9.06 million or $0.52 per share from $11.17 million or $0.63 per share in the prior-year quarter.

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Patterson Reaffirms FY24 Outlook - Update

Conn's Posts Loss In Q2; Same Store Sales Down 15.4%

Dollar Tree Tightens FY23 EPS Outlook Range; Increases Sales Outlook Range

Dollar Tree, Inc. (DLTR) said the company is bringing in the high and low end of its fiscal 2023 outlook range for EPS to better reflect the balance of opportunities and risks in the current operating environment. EPS is expected to range from $5.78 to $6.08, including the $0.12 charge for the legal reserve taken in the first quarter and the impact of the 53rd week. Consolidated net sales are now expected to range from $30.6 billion to $30.9 billion. The company expects to deliver a mid-single-digit comparable store sales increase for the year, comprised of a mid-single-digit increase in the Dollar Tree segment and a mid-single-digit increase in the Family Dollar segment.

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NIO Inc. Q2 Loss Sharply Widens; Total Revenues Up 14.8%

NIO Inc. (NIO) reported on Tuesday a second quarter net loss attributable to NIO's ordinary shareholders of RMB 6.12 billion or $835.13 million, sharply wider than RMB 2.75 billion in the prior-year quarter. Net loss per ADS was RMB 3.70, compared with a loss of RMB 1.68.

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Donaldson Company Inc. Q4 Profit Drops, Inline With Estimates

Donaldson Company Inc. (DCI) announced earnings for fourth quarter that decreased from last year in line with the Street estimates.

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Hersha Hospitality To Be Acquired By KSL Capital For Around $1.4 Bln; Stock Up In Pre-market

Hersha Hospitality Trust (HT), a resort and hotel chain, announced a Monday, that it has signed a definitive merger agreement where affiliates of investment company KSL Capital Partners, LLC will acquire all outstanding shares of Hersha for around $1.4 billion.

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Novocure: Phase 3 Trial In Platinum-resistant Ovarian Cancer Fails To Meet Main Goal; Stock Down

Novocure (NVCR) said Monday that the phase 3 ENGOT-ov50 / GOG-3029 / INNOVATE-3 clinical trial of Tumor Treating Fields together with paclitaxel in patients with platinum-resistant ovarian cancer did not meet its primary endpoint of overall survival at the final analysis.

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Walmart Q2 Profit Up 53%; Results Top Estimates

Retail giant Walmart reported Thursday a net profit for the second quarter that surged 53.3 percent from last year, reflecting improved gross margins and revenue growth. The results were also driven by the rebound in international markets. Both adjusted earnings per share and revenues topped analysts' expectations. The retailer also raised its adjusted earnings guidance for the full-year 2024.

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Williams-Sonoma Slashes FY23 Revenue Outlook As Q2 Revenues Miss Estimates

Luxury home furnishing retailer Williams-Sonoma Inc. (WSM) reported Wednesday second-quarter net earnings of $201.51 million or $3.12 per share, down from $267.08 million or $3.87 per share in the prior-year quarter.

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Foot Locker Q2 Adj. EPS Meets Estimates; Stock Down 27% As FY23 Outlook Slashed

Specialty athletic retailer Foot Locker, Inc. (FL) reported Wednesday a second-quarter net loss of $5 million or $0.05 per share, compared to net income of $94 million or $0.99 per share in the prior-year quarter.

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Fulcrum Says FDA Lifts Clinical Hold On FTX-6058 For Sickle Cell Disease; Stock Climbs In Premarket

Fulcrum Therapeutics, Inc. (FULC) announced Tuesday that the U.S. Food and Drug Administration has lifted the clinical hold on the Investigational New Drug or IND application for FTX-6058 for the potential treatment of sickle-cell disease or SCD.

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Coty Guides FY24 Adj. EPS A Tad Below Estimates - Update

While reporting financial results for the fourth quarter on Tuesday, Coty Inc. (COTY) initiated its adjusted earnings guidance for the full-year 2024, a tad below analysts' estimates.

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Baidu, Inc. Q2 Profit Rises; Total Revenues Up 15%

Baidu, Inc. (BIDU) reported second-quarter net income attributable to Baidu of RMB 5.2 billion, and earnings per ADS of RMB 14.17 compared to RMB 3.6 billion or RMB 9.97 per ADS, last year. Net income attributable to Baidu Core was RMB 5.0 billion, up 35%.

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Woodside Energy H1 Profit, Production Climb; Stock Down

Australia's Woodside Energy Group Ltd. (WOPEF.PK, WOPEY.PK, WPL.AX) reported that its first-half net profit after tax was $1.74 billion, up 6 percent from last year's $1.64 billion.

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Estee Lauder Guides FY24 Well Above Estimates - Update

While reporting financial results for the fourth quarter on Thursday, Estee Lauder Cos., Inc. (EL) initiated its earnings and adjusted earnings guidance for the full-year 2024, well above estimates, and provided outlook for the first quarter, well below estimates.

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Walmart Q2 Profit Up 53%; Results Top Estimates

Tapestry Q4 Results Miss Estimates; Sees FY24 Adj. Earnings, Net Sales Above Market - Update

Tapestry, Inc. (TPR), a house of accessories and lifestyle brands, Thursday issued fiscal 2024 outlook, expecting higher earnings and revenues than last year.

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Home Depot Reaffirms FY23 Guidance; Board Authorizes $15 Bln Share Repurchase Program

The Home Depot (HD) said, for fiscal 2023, the company continues to project: sales and comparable sales to decline between 2% and 5%; operating margin rate to be between 14.3% and 14.0%; and earnings per share percent decline between 7% and 13% compared to fiscal 2022.

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Target, TJX Q2 Earnings Top Estimates

Retailers Target and TJX reported Wednesday profits for the second quarter that topped analysts' estimates. Profit soared more than four-fold at Target, reflecting improved gross margins, despite a 4.9 percent drop in revenues. Profit at TJX grew from last year, driven by improved gross margins and revenue growth.

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Performance Food Q4 Profit Meets View, Sales Miss; Issues Q1, FY24 Outlook; Backs FY25 Targets

Performance Food Group Co. (PFGC) Wednesday reported higher earnings in its fourth quarter in line with market, while top line missed view, despite growth. Further, the company issued outlook for first quarter and fiscal 2024, and maintained fiscal 2025 targets.

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TJX Companies Boosts FY24 Outlook - Update

While reporting financial results for the second quarter on Wednesday, off-price retailer TJX Companies, Inc. (TJX) provided its earnings outlook for the third and fourth quarters, while raising its earnings guidance for the full-year 2024.

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Target Q2 Earnings Beat Market; Issues Q3 View, Cuts FY23 Forecast; Stock Climbs In Premarket

While reporting higher earnings above market despite weak revenues in its second quarter, discount retailer Target Corp. (TGT) on Wednesday issued third-quarter earnings view and lowered forecast for fiscal 2023 earnings.

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TransDigm Group Boosts FY23 Outlook - Update

While reporting financial results for the third quarter on Tuesday, TransDigm Group Inc. (TDG) raised its earnings, adjusted earnings and net sales guidance for the full-year 2023, based on continued strong performance of the company.

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Tencent Music Q2 Profit Rises; Revenues From Online Music Services Up 47.6%

Tencent Music Entertainment Group (TME) reported that its second-quarter net profit attributable to equity holders was RMB 1.30 billion, representing 51.6 percent year-over-year growth. Earnings per ADS was RMB 0.82 compared to RMB 0.53. Non-IFRS net profit attributable to equity holders was RMB 1.53 billion, representing 48.6% year-over-year growth. Non-IFRS earnings per ADS was RMB 0.97 compared to RMB 0.63.

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YETI Holdings Shares Up Over 12% As Q2 Earnings Beat Estimates; Annual Outlook Above View

Shares of YETI Holdings, Inc. (YETI) were up in the pre-market trade on Thursday after the company's second-quarter earnings beat the estimates. The shares were also helped by a revision in the firm's full year 2023 earnings outlook, above analysts' view.

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Alibaba Q1 Results Top Estimates

Chinese e-commerce giant Alibaba Group Holdings Ltd. (BABA) reported Thursday net income for the first quarter that surged 51 percent from last year, driven revenue growth across all operating segments as well as lower costs and expenses.

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Ralph Lauren Reiterates FY23 Revenue Growth Outlook - Update

While reporting its financial results for the first quarter on Thursday, luxury fashion house Ralph Lauren Corp. (RL) said it expects revenues to be flat to up slightly in constant currency for the second quarter.

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HanesBrands Slashes FY23 Outlook - Update

While reporting financial results for the second quarter on Thursday, basic apparel maker HanesBrands, Inc. (HBI) provided earnings and net sales guidance for the third quarter, and lowered its earnings and sales forecast for the full-year 2023.

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Siemens Posts Q3 Profit, Orders Up; Confirms FY23 View; Stock Down

German conglomerate Siemens AG reported Thursday a profit in its third quarter, compared to last year's loss, with significant growth in revenues and orders. Meanwhile, Profit Industrial Business and margin declined from last year. Further, the company backed its forecast for group earnings and revenue growth, but trimmed its comparable revenue growth view for Digital Industries.

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Galera Gets CRL From FDA For Avasopasem Manganese, To Cut 70% Jobs; Stock Down In Premarket

Galera Therapeutics, Inc. (GRTX), a clinical-stage biopharmaceutical company focused on cancer treatment, announced Thursday that it has received a Complete Response Letter or CRL from the U.S. Food and Drug Administration regarding its New Drug Application or NDA for avasopasem manganese (avasopasem). According to the agency, the given trial data is not sufficient, and that results from an additional clinical trial will be required for resubmission.

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Novo Nordisk H1 Net Profit Rises, Sales Up 29%; Increases Full Year Outlook

Novo Nordisk A/S (NVO) reported first-half net profit of 39.2 billion Danish kroner, an increase of 43% from last year. Earnings per share was 17.41 kroner compared to 12.08 kroner. Operating profit increased by 30% in Danish kroner and by 32% at constant exchange rates to 48.9 billion kroner.

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CAE Q1 Earnings Surges

Aerospace and defense simulation training and critical operations support solutions provider CAE Inc. (CAE.TO, CAE) Wednesday announced a surge in first-quarter earnings compared to the prior year.

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Southwest Gas Q2 Results Top Estimates

Southwest Gas Holdings, Inc. (SWX) reported Wednesday net income for the second quarter of $28.88 million or $0.40 per share, compared to a net loss of $6.58 million or $0.10 per share in the prior-year quarter. Excluding items, adjusted earnings per share were $0.47 per share, compared to $0.23 per share last year.

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ODP Corp. Boosts FY23 Adj. EPS Outlook - Update

While reporting financial results for the second quarter on Tuesday, The ODP Corp. (ODP) raised its adjusted earnings guidance for the full-year 2023, while lowering annual sales outlook.

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Waters Slashes FY23 Outlook - Update

While reporting financial results for the second quarter on Wednesday, specialty measurement company Waters Corp. (WAT) slashes its adjusted earnings and sales growth outlook for the full-year 2023 and provided guidance for the third quarter.

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UPS Q2 Results Down, Cuts FY23 View Below Market; Stock Down In Premarket

United Parcel Service, Inc. (UPS), while announcing weak second-quarter results, on Tuesday trimmed fiscal 2023 forecast for revenue and adjusted operating margin.

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Fraport Stock Up On H1 Profit, Upbeat FY23 Earnings View

Shares of Fraport Group were gaining around 8 percent in the morning trading in Germany after the airport operator reported Tuesday a profit in its first half, compared to last year's loss, with strong passenger demand. The company further said it now expects to meet the upper half of its earnings projection range for fiscal 2023.

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Graham Corp. Shares Up Over 7% In Pre-market As Q1 Profit Surges

Shares of Graham Corp. (GHM) were trading up in the early Monday morning after the company registered a surge in profit for the first quarter. GHM was trading up by 7.53 percent at $15 per share in the pre-market trading on the New York Stock Exchange.

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Tyson Foods Slips Over 7% In Pre-market After Q3 Loss

Shares of Tyson Foods, Inc. (TSN) were trading down in the early Monday morning trading after the company registered a loss for the third-quarter, mainly due to a decline in sales, higher costs, and a good will impairment.

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BioNTech SE Posts Loss In Q2; Reiterates COVID-19 Vaccine Revenue Guidance

BioNTech SE (BNTX) posted a second-quarter net loss of 190.4 million euros, compared to profit of 1.67 billion euros, last year. Loss per share was 0.79 euros, compared to profit of 6.45 euros. Total revenues were 167.7 million euros, compared to 3.20 billion euros, last year. The company said write-offs by collaboration partner Pfizer significantly reduced its gross profit share in the second quarter and hence negatively influenced revenues for the three months ended June 30, 2023.

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Swiss Re H1 Profit Surges, Backs FY23 View; Stock Down

Swiss Re Ltd. reported Friday significantly higher profit in its first half with contained natural catastrophe losses as well as improved net premiums earned and fee income. The reinsurance giant further maintained its profit target of more than $3 billion for fiscal 2023. The shares were losing around 3 percent in the morning trading in Switzerland.

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A.P. Moller - Maersk Q2 Profit Declines; Raises FY Financial Outlook

A.P. Moller - Maersk (AMKAF.PK, AMKBF.PK) reported that its share of second quarter profit was $1.4 billion compared to $8.6 billion, prior year. Underlying profit declined to $1.3 billion from $8.5 billion, last year.

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