Phillips 66 Adj. EPS Miss Estimates

Energy company Phillips 66 (PSX) reported Tuesday that fourth-quarter consolidated earnings surged to $1.88 billion or $3.97 per share from $1.27 billion or $2.94 per share in the prior-year quarter.

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General Motors Q4 Profit Up, Tops Estimates; Sees FY23 Adj. EPS Above Market; Stock Up In Pre-market

Automaker General Motors Co. (GM) on Tuesday reported that its fourth-quarter net income attributable to stockholders grew 14.8 percent to $2 billion from last year's $1.74 billion.

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Exxon Mobil Q4 Results Top Estimates

Oil major Exxon Mobil Corp. (XOM) reported Tuesday that fourth-quarter net income was $12.75 billion or $3.09 per share, up from $8.87 million or $2.08 per share in the prior-year quarter.

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UBS Q4 Profit Climbs, Lifts Dividend, Plans $5 Bln Buyback; Stock Down

Swiss banking giant UBS Group AG reported Tuesday a higher profit in its fourth quarter with drop in operating expenses, while revenues were weak. Further, the company lifted its dividend, and said it plans more than $5 billion share repurchase. UBS shares were losing around 3 percent in Swiss trading as well as in pre-market activity on the NYSE.

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GE HealthCare Q4 Profit Declines

Precision care innovator GE HealthCare Technologies, Inc., recently spun-off from General Electric Co., reported on Monday that profit for the fourth quarter declined from last year, reflecting higher interest and other financial charges. The company also initiated adjusted earnings guidance for the full-year 2023.

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SoFi Posts Narrower-than-expected Loss In Q4; Sees Revenue Growth In Q1, FY23; Profit In Q4

SoFi Technologies, Inc. (SOFI), a digital personal finance company, reported Monday that its fourth-quarter net loss narrowed to $40.01 million from last year's $111.01 million. Loss per share was $0.05, compared to last year's loss of $0.15.

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Flora Growth Anticipates 2023 Revenue Growth To Exceed 100%; To Meet 2022 Guidance

Flora Growth Corp. (FLGC) announced revenue guidance of $90 million to $105 million for fiscal 2023. The company noted that the revenue guidance reflects expected organic growth in the House of Brands division and expansion of the Commercial & Wholesale division capabilities. The company expects the House of Brands and Commercial & Wholesale divisions will have roughly equal contributions to the top line, while the Pharmaceutical division is expected to contribute up to 10% of total revenue.

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GE HealthCare Q4 Net Income Declines, Organic Revenues Up 13%; Reaffirms 2023 Guidance

GE HealthCare (GEHC) reported that its fourth-quarter adjusted EPS was $1.31 compared to $1.36, prior year. Standalone adjusted EPS for the fourth quarter of 2022 was estimated at $1.06, which included the impact of standalone costs, interest, and tax. Adjusted EBIT was $844 million compared to $827 million. Adjusted EBIT margin was 17.1% versus 18.0%, impacted by inflation, mix, planned R&D investment, and foreign exchange headwinds, partially offset by price and volume gains. Standalone adjusted EBIT margin for the fourth quarter of 2022 is estimated at 16.1%.

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Philips Posts Q4 Loss, Plans 6,000 Job Cuts, Sees Growth Ahead; Stock Up

Dutch consumer electronics giant Philips Electronics NV reported Monday a loss in its fourth quarter, compared to prior year's profit, even as sales increased. The company further declared a dividend, and said its order book remains strong. Going ahead, the company projects comparable sales growth in fiscal 2023, 2025, and beyond.

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Canon FY Net Income Rises, Net Sales Up 14.7%; Issues Outlook

Canon Inc. (CAJ) reported that its fiscal year net income attributable to company was 243.96 billion yen, an increase of 13.6% from last year. Earnings per share was 236.63 yen compared to 205.29 yen. Net sales were 4.03 trillion yen, up 14.7%.

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Colgate-Palmolive Q4 Base Business Profit Declines; Organic Sales Up 8.5%

Colgate-Palmolive Company (CL) reported that its fourth-quarter Base Business gross profit margin decreased 250 basis points to 55.6%, including a negative 90 basis point impact from private label sales resulting from the acquisitions of pet food businesses. On a Base Business basis, EPS declined 2.5%. On a GAAP basis, EPS declined 94% year-over-year, driven by goodwill and intangible assets impairment charges related to the Filorga skin health business. Net sales were up 5.0% in the fourth quarter, and organic sales grew 8.5%, as pet nutrition returned to double-digit organic sales growth and oral care delivered another quarter of high-single-digit organic sales growth. Home care grew organic sales mid-single digits and personal care grew organic sales low-single digits in the quarter.

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Autoliv Q4 Profit Rises, Tops Estimates

Swedish automotive safety supplier Autoliv, Inc. (ALV) reported Friday that net income for the fourth quarter increased to $156 million or $1.80 per share from $115 million or $1.31 per share in the prior-year quarter.

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Superdry Posts Wider Adj. Pretax Loss In H1, Revenue Up 3.6%; Revises Outlook

Superdry Plc (SDRY.L, SEPGF.PK, SEPGY.PK) reported a first-half adjusted loss before tax of 13.6 million pounds, compared to a loss of 2.8 million pounds, prior year. The Group said its adjusted loss before tax was impacted by a return to normal rent business rates and other costs whilst the store business remained heavily impacted by Omicron, particularly in Europe and exacerbated by underperformance in Wholesale. Adjusted loss per share was 11.2 pence compared to a loss of 3.8 pence. Adjusted loss before tax included foreign exchange gains of 17.2 million pounds.

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Rémy Cointreau 9-month Sales Up 10.1% On Organic Basis; Confirms Full-year Guidance

Rémy Cointreau (RCO.PA) reported consolidated sales of 1.30 billion euros in the first nine months of 2022-2023, up 10.1% on an organic basis, or an increase of 50.3% compared to 2019-2020. Sales were up 20.2% on a reported basis, including a 10.1% gain from the currency effect.

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American Airlines Group Q4 Profit Tops Estimates; Achieves Record Revenue

American Airlines Group Inc. (AAL) reported fourth-quarter profit per share, excluding net special items, of $1.17 compared to a loss of $1.42, prior year. On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $1.14, for the quarter. Analysts' estimates typically exclude special items.

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Tractor Supply Guides FY23 EPS In Line With Estimates - Update

While reporting financial results for the fourth quarter on Thursday, rural lifestyle retailer Tractor Supply Co. (TSCO) initiated earnings, net sales and comparable store sales guidance for the full-year 2023.

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SAP Stock Down On Weak Q4 Profit, Sees Growth In FY23; To Cut 2.5% Jobs; Mulls Qualtrics Stake Sale

Shares of SAP AG were losing more than 3 percent in the morning trading in Germany as well as in pre-market activity on the NYSE after the German software major reported Thursday sharply lower profit in its fourth quarter, despite higher revenues. Looking ahead for fiscal 2023, the company projects accelerating topline and double-digit adjusted operating profit growth.

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Volvo Group Q4 Adj. Operating Profit Rises; Adj. Net Sales Up 17%

The Volvo Group (VOLVY.PK) reported that its fourth quarter adjusted operating income increased to 12.17 billion Swedish kronor from 10.06 billion Swedish kronor, last year. Adjusted operating margin was 9.1% compared to 9.8%. The Group noted that its adjusted operating income excludes costs of 630 million kronor relating to claims arising from the European Commission's 2016 antitrust settlement decision.

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Progressive Corp. Q4 Profit Sharply Declines

Progressive Corp. (PGR) reported Wednesday that net income for the fourth quarter declined 14 percent to $826.4 million or $1.40 per share from $962.3 million or $1.63 in the prior-year quarter.

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AT&T Slips To Loss On Charges, But Adj. EPS Tops View

Telecom giant AT&T, Inc. reported Wednesday a hefty loss for the fourth quarter compared to a profit last year, primarily hurt by impairments, abandonments and restructuring charges. Adjusted earnings per share topped analysts' expectations, while quarterly revenues missed it by a whisker. The company also issued weak earnings guidance for the full year 2023.

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Central Pacific Financial Q4 Profit Declines, But Tops Estimates

Central Pacific Financial Corp. (CPF) the parent company of Central Pacific Bank, on Wednesday reported that net income for the fourth quarter declined to $20.18 million or $0.74 per share from $22.33 million or $0.80 per share in the prior-year quarter.

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ASML Q4 Profit Up, Bookings Down; Sees Growth In FY23

Dutch semiconductor equipment maker ASML Holding N.V. reported Wednesday higher profit and sales in its fourth quarter, but weak margin and bookings. Further, the company issued first-quarter forecast, and said it expects higher sales and margin in fiscal 2023. Shares of ASML were losing around 1 percent in the morning trading in Amsterdam as well as in pre-market activity on Nasdaq.

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Verizon Q4 Profit Tops Estimates; Sees FY23 Earnings Below Market; Stock Down In Pre Market

Verizon Communications Inc. (VZ) reported Tuesday higher profit in its fourth quarter with increased revenues. Adjusted earnings topped market estimates.

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Johnson & Johnson Q4 Profit Down 26%, But Adj. EPS Tops Estimates

Healthcare company Johnson & Johnson on Tuesday reported that profit for fourth quarter declined 25.9 percent from last year, reflecting a sales decline and higher provisions for income taxes. Adjusted earnings per share topped analysts' expectations, while quarterly revenues missed it by a whisker. The company also initiated operational earnings forecast for the full-year 2023.

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Danaher Guides Q1, FY23 Revenue Growth Above Estimates - Update

While reporting financial results for the fourth quarter on Tuesday, science and technology company Danaher Corp. (DHR) provided revenue growth guidance for the first quarter and full-year 2023.

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Baker Hughes Q4 Profit Down, Misses Estimates; Orders Climb

Oilfield services provider Baker Hughes Co. reported Monday weak profit in its fourth quarter, below market estimates, despite higher revenues driven by strong volume in both segments. Orders climbed significantly, and the company said it maintains a positive outlook for the energy sector in fiscal 2023. In pre-market activity on Nasdaq, Baker Hughes shares were gaining around 2 percent.

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Regions Financial Q4 Profit Rises 60%, Tops Estimates

Regions Financial Corp. (RF) on Friday reported fourth-quarter net income available to common shareholders increased to $660 million or $0.70 per share from $414 million or $0.43 per share in the year-ago quarter.

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Ericsson Stock Down On Weak Q4 Profit, Q1 EBITA Warning

Shares of LM Ericsson were losing around 7 percent in the early morning trading in Sweden after the telecom major reported Friday weak profit in its fourth quarter, hurt by hefty charges, despite higher revenues. Looking ahead, the company said it expects first-quarter Group EBITA to be somewhat lower than last year, with improvements during the year.

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P&G Q2 Profit Down 7%, But Meets Estimates; Boosts FY23 Sales Outlook

Consumer goods giant Procter & Gamble Co. reported on Wednesday that profit for the second quarter decreased seven percent from last year, hurt primarily by a decrease in operating margin and a sales decline. However, earnings per share met analysts' estimates, while quarterly sales topped them. Looking ahead, the company maintained its earnings growth guidance for full-year 2023.

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Prologis Guides FY23 EPS In Line With Estimates - Update

While reporting its financial results for the fourth quarter on Wednesday, logistics real estate firm Prologis Inc. (PLD) initiated its net earnings and core funds from operations outlook for the full-year 2023.

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Just Eat Takeaway.com Posts Positive Adj. EBITDA In H2; To Maintain Focus On Profitability

Just Eat Takeaway.com N.V. (JET.L) reported adjusted EBITDA of approximately 16 million euros for full year 2022 compared to minus 350 million euros, previous year. The Group generated adjusted EBITDA of approximately 150 million euros in second half of 2022, a material improvement from first half of 2022, driven by improved Revenue per Order, Delivery costs per Order and Overheads & Opex.

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Goldman Sachs Q4 Profit Plunges 69%, Misses Estimates

Goldman Sachs Group Inc. reported Tuesday that profit for the fourth quarter plunged 69 percent from last year, reflecting higher provisions for bad loans, 16 percent drop in net revenues and 11 percent higher operating expenses. Both earnings and quarterly revenues missed analysts' expectations.

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Morgan Stanley Q4 Profit Tops Estimates

Morgan Stanley (MS) reported that, excluding integration-related expenses, earnings per share in the fourth quarter was $1.31 compared to $2.08, a year ago. The company noted that its fourth quarter was also impacted by severance costs of $133 million associated with a December employee action, partially offset by a net discrete tax benefit of $89 million. Analysts on average had expected the company to earn $1.19 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

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Whirlpool Enters Contribution Agreement On European MDA Business; 2022 Ongoing EBIT To Decline 43%

Whirlpool Corp. (WHR) announced the completion of the strategic review of its EMEA business. The company will contribute its European major domestic appliance business, and Arcelik will contribute its major domestic appliance, consumer electronics, air conditioning, and small domestic appliance businesses into a newly formed entity of which Whirlpool will own 25% and Arcelik 75%. The new entity is expected to have combined sales of over 6 billion euros. The combined businesses are anticipated to generate cost synergies of over 200 million euros. Post closing, Whirlpool expects full-year cash provided by operations and free cash flow to increase by approximately $100 and $250 million, respectively. Separately, Whirlpool agreed in principle to the sale of Whirlpool's Middle East and Africa business to Arcelik.

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Safestore FY Underlying Profit Rises; LFL Revenue Up 10.7%

Safestore Holdings plc (SAFE.L) reported that its fiscal year adjusted EPRA earnings per share increased to 47.5 pence from 40.5 pence, last year. Underlying EBITDA increased to 135.1 million pounds from 118.0 million pounds.

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Bank Of America Q4 Net Income Rises; Revenue, Net Of Interest Expense, Up 11%

Bank of America (BAC) reported that its fourth quarter net income to shareholders totaled $6.90 billion, or $0.85 per share compared with $6.77 billion, or $0.82 per share, prior year. On average, 22 analysts polled by Thomson Reuters expected the company to report profit per share of $0.77, for the quarter. Analysts' estimates typically exclude special items.

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JPMorgan Q4 Profit Up 6%, Results Top Estimates

US investment bank JPMorgan Chase & Co. reported Friday a profit for the fourth quarter that increased six percent from last year, reflecting strong double-digit net interest income growth, boosted by higher interest rates. Both adjusted earnings per share and revenues for the quarter topped analysts' expectations.

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UnitedHealth Group Affirms FY23 Outlook - Update

While reporting financial results for the fourth quarter and fiscal 2022 on Friday, diversified health care company UnitedHealth Group, Inc. (UNH) affirmed its earnings, adjusted earnings and revenue outlook for the full-year 2023 which was established at its November 29h Investor Conference.

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HCLTech Q3 Net Income Increases

HCL Technologies Limited (HCLTECH) reported that its third quarter net income increased to $496.8 million from $457.8 million, prior year. EBIT margin was at 19.6%, increased 60 basis points from last year.

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Cognizant: Former Infosys President Ravi Kumar To Join As CEO; Lowers Earnings Guidance

Cognizant (CTSH) announced that its Board has named Ravi Kumar as CEO and a member of the Board, effective immediately. Kumar succeeds Brian Humphries. Humphries will remain with the company as a special advisor until March 15, 2023.

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Sainsbury Expects FY Profits Towards Upper End Of Guidance Range

Sainsbury(J) PLC (JSAIY.PK, SBRY.L) said it now expects underlying profit before tax for the year to March 2023 to be towards the upper end of the guidance range of 630 million pounds to 690 million pounds. The Group additionally expects to generate retail free cashflow of around 600 million pounds, ahead of previous guidance of at least 500 million pounds.

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TD SYNNEX Q4 Results Top Estimates; Guides Q1 In Line With Estimates; Boosts Dividend 17%

TD SYNNEX (SNX) reported Tuesday that net income for the fourth quarter surged to $221.1 million or $2.31 per share from $119.4 million or $1.24 per share in the prior-year quarter.

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Red Robin Gourmet Q4 Restaurant Revenue Up 2.4%, Comps Increases 2.5%

Red Robin Gourmet Burgers, Inc. (RRGB) Monday announced 2.4 percent increase in fourth-quarter revenue, while comparable restaurant revenue increased 2.5 percent from the prior year. Excluding the Red Robin Royalty program, comparable restaurant revenue were up 1.5 percent.

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Acuity Brands Q1 Adj. Profit Rises; Net Sales Up 7.8%

Acuity Brands, Inc. (AYI) said it expanded adjusted operating profit, substantially grew adjusted earnings per share and generated strong cash flow from operations in its first quarter of fiscal 2023. Net sales increased 7.8 percent from a year ago.

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Conagra Brands Boosts FY23 Outlook - Update

While reporting financial results for the second quarter on Thursday, branded food company Conagra Brands, Inc. (CAG) raised its adjusted earnings and organic net sales growth guidance for the full-year 2023, based on a strong performance in the first half of the fiscal year.

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Neogen Slips To Loss In Q2, But Revenue Surge 76%

Neogen Corp. (NEOG) reported on Thursday a net loss for the second quarter of $41.84 million or $0.19 per share, compared to net income of $10.83 million or $0.10 per share in the prior-year quarter.

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Park Aerospace Q3 Profit Rises

Park Aerospace Corp. (PKE) reported on Wednesday that net earnings for the third quarter grew to $2.23 million or $0.11 per share from $1.74 million or $0.08 per share in the prior-year quarter.

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UniFirst Q1 Profit Up, Beats Estimates

UniFirst Corp. (UNF) Wednesday reported an increase in first-quarter profit on 11.4 percent increase in revenue compared to the prior year.

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