Be a Smart Investor: February 2023

Tuesday, February 28, 2023

Dentsply Sirona Slips To Q4 Loss; Sees Organic Sales Growth In Q1, Weak Adj. EPS In FY23

Dentsply Sirona Inc.(XRAY), a maker of dental products and technologies, reported Tuesday that its fourth-quarter net loss was $15 million or $0.07 per share, compared to net income of $119 million or $0.54 per share last year.

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International Game Technology Guides Q1, FY23 Revenue In Line - Update

While reporting financial results for the fourth quarter on Tuesday, International Game Technology Plc (IGT) said it expects revenues for the first quarter of about $1.0 billion and revenue outlook for the full-year 2023 in the range of $4.1 billion to $4.3 billion.

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Target Q4 Results Top Estimates; Sees Q1, FY23 Earnings Below Market

Discount retailer Target Corp. reported Tuesday weak earnings in its fourth quarter, while adjusted earnings and top line beat market estimates. Looking ahead, the Minneapolis-based company projects earnings for the first quarter and fiscal 2023 below the Street view. In pre-market activity on the NYSE, Target shares were gaining around 3 percent.

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Advance Auto Parts Guides FY23 EPS Below Estimates - Update

While reporting financial results for the fourth quarter on Tuesday, automotive aftermarket parts provider Advance Auto Parts Inc. (AAP) initiated earnings, net sales and comparable store sales growth guidance for the full year 2023.

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BMO Financial Q1 Profit Plunges; Declares Dividend

Bank of Montreal (BMO, BMO.TO) reported Tuesday that its first-quarter net income was C$247 million or C$0.30 per share, sharply lower than C$2.93 billion or C$4.43 per share in the prior-year quarter.

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BGC Partners Guides Q4 Revenues Above Estimates - Update

While reporting financial results for the fourth quarter on Monday, BGC Partners, Inc. (BGCP), a global brokerage and financial technology company, said it expects revenues for the first quarter in a range of $515 million to $565 million.

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Itron Guides Q1 FY23 Adj. EPS Below Estimates - Update

While reporting financial results for the fourth quarter on Monday, Itron, Inc. (ITRI) initiated adjusted earnings and revenue guidance for the first quarter and full-year 2023.

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Harsco Q4 Results Top Estimates; Guides Q1, FY23 Below Estimates

Harsco Corp. (HSC) reported on Monday a fourth-quarter net loss from continuing operations attributable to common stockholders of $23.75 million or $0.30 per share, compared to net income of $10.12 million or $0.13 per share in the prior-year quarter.

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AES Q4 Loss Widens; Revenues Top Estimates

Power distribution company The AES Corp. (AES) reported on Monday a wider loss for the fourth quarter, hurt by goodwill impairment expense and other non-operating expenses. Adjusted loss per share came in well above analysts' estimates, while quarterly revenues topped it. The company also initiated adjusted earnings guidance for the full-year 2023, in line with estimates.

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Li Auto Q4 Profit Down, Deliveries Up; Sees Higher Q1 Revenues, Deliveries; Stock Up In Pre-market

Chinese electric vehicle maker Li Auto Inc. (LI) reported Monday that its fourth-quarter net income was RMB265.3 million or $38.5 million, a decrease of 10.2 percent from RMB295.5 million last year.

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MoneyGram Q4 Profit Soars

MoneyGram International, Inc. (MGI) reported Friday a net income for the fourth quarter of $21.8 million or $0.22 per share, sharply higher than $4.2 million or $0.04 per share in the prior-year quarter.

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Evergy Guides FY23 In Line With Estimates - Update

While reporting financial results for the fourth quarter on Friday, Evergy, Inc. (EVRG) initiated its earnings and adjusted earnings guidance for the full-year 2023. It also reaffirmed long-term adjusted earnings growth outlook.

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Lamar Advertising Q4 Profit Halves

Billboard firm Lamar Advertising Co. reported on Friday that profit for the fourth quarter nearly halved from last year, hurt by steeply higher depreciation and amortization expenses, despite an 8 percent revenue growth. The company also initiated financial guidance for the full-year 2023.

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Medical Properties Trust Slips To Loss In Q4

Medical Properties Trust, Inc. (MPW) reported Thursday a fourth-quarter net loss attributable to stockholders of $140.47 million or $0.24 per share from $206.54 million or $0.34 per share prior-year quarter.

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FTI Consulting Q4 Results Top Estimates; Guides FY23 EPS In Line

FTI Consulting, Inc. (FCN) reported Thursday a net income for the fourth quarter grew to $47.50 million or $1.33 per share from $38.21 million or $1.07 per share in the year-ago quarter.

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Alibaba Group Q3 Profit Climbs On Higher Revenues; Stock Up In Pre Market

Chinese e-commerce giant Alibaba Group Holdings Ltd. (BABA) reported Thursday that its third-quarter net income attributable to ordinary shareholders was RMB46.82 billion or $6.79 billion, an increase of 69 percent from last year's RMB27.69 billion.

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Hyatt Hotels Reports Adj. Profit In Q4

Hospitality major Hyatt Hotels Corp. (H), on Thursday, reported fourth quarter net income attributable to company of $294 million compared to a loss of $29 million, last year. Profit per share was $2.69 compared to a loss of $0.26. Net income in the fourth quarter included a non-cash benefit of $250 million due to the release of a valuation allowance on U.S. federal and state deferred taxes.

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Bath & Body Works Q4 Profit Down, Yet Tops Estimates; Warns On Q1, FY23; Stock Down In Pre-market

Personal care and home fragrance company Bath & Body Works, Inc. (BBWI) reported Thursday that its fourth-quarter net income from continuing operations was $428.2 million, compared to $592.6 million last year.

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Deutsche Telekom Q4 Profit Climbs; Sees Adj. Earnings Growth Ahead

German telecom major Deutsche Telekom AG reported Thursday significantly higher profit in its fourth quarter, driven by higher revenues. Looking ahead for 2023, the company projects higher adjusted EBITDA AL, a key earnings metric. Further, for fiscal 2024, a strong growth in adjusted EBITDA AL and slight growth in revenues are expected.

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Charles River Q4 Results Top Estimates, Sees FY23 Earnings Below Market; Stock Down In Premarket

Charles River Laboratories International, Inc. (CRL) reported Wednesday that its fourth-quarter profit and revenues climbed from last year, above market estimates. Looking ahead for fiscal 2023, the company issued weak earnings outlook, below market, despite higher revenue view.

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Gibraltar Industries Q4 Results Miss Estimates; Sees FY23 Adj. EPS In Line

Gibraltar Industries, Inc. (ROCK) reported Wednesday that net income for the fourth quarter declined to $3.3 million or $0.11 per share from $9.8 million or $0.30 per share in the prior-year quarter.

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Standard Motor Products Q4 Adj. EPS Tops Estimates, But Net Sales Miss

Standard Motor Products, Inc. (SMP), an automotive replacement parts manufacturer and distributor, reported Wednesday that net income from continuing operations for the fourth quarter plunged to $8.55 million or $0.39 per share from $20.02 million or $0.89 per share in the prior-year quarter.

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Allegion Q4 Results Top Estimates; Sees FY23 Earnings Above Market

Allegion plc, a provider of security products and solutions, reported Wednesday higher profit and revenues in its fourth quarter, above market estimates. Further, the company projects fiscal 2023 earnings higher than last year, and above the Street view. John Stone, Allegion president and CEO, said, "... our supply chain actions are achieving positive results..."

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Rio Tinto Stock Dips On Weak FY22 Results, Dividend Cut

Shares of Rio Tinto Plc were losing around 3 percent in the morning trading in London and above 2 percent in pre-market activity on the NYSE after the Anglo-Australian mining giant reported Wednesday weak profit and sales for its fiscal 2022. Further, the company trimmed its dividend for the year and also backed fiscal 2023 production forecast.

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Teck Resources Q4 Profit Plunges; Backs FY23 Production Outlook

Teck Resources Ltd. (TECK, TECK_A.TO, TECK_B.TO) reported Tuesday that fourth-quarter profit attributable to shareholders plunged to C$247 million or C$0.47 per share from C$1.53 billion or C$2.83 per share last year.

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Walmart Q4 Results Top Estimates

Retail giant Walmart Inc. (WMT) reported Thursday a profit for the fourth quarter that surged 76 percent from last year, driven by 7.3 revenue growth amid broad-based strength across segments in stores and eCommerce. Both adjusted earnings per share and quarterly revenues topped analysts' expectations.

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Walker & Dunlop Q4 Results Miss Estimates; Boosts Dividend 5%

Walker & Dunlop, Inc. (WD) reported Thursday that net income for the fourth quarter declined to $41.38 million or $1.24 per share from $79.93 million or $2.42 per share in the prior-year quarter.

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Home Depot Q4 EPS Tops View; Sees Weak Earnings, Flat Sales In FY23; Stock Down In Pre-market

Home improvement retailer Home Depot, Inc. (HD) reported Tuesday nearly flat profit for its fourth quarter, while earnings per share increased and beat market estimates.

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HSBC Q4 Profit Soars, Plans Dividends; Backs Positive View For FY23

Banking major HSBC Holdings plc reported Tuesday that its fourth-quarter profit nearly doubled from last year, with strong revenue growth. The company also announced a final dividend for fiscal 2022, and plans a special dividend. Looking ahead, the company maintained its positive revenue outlook for fiscal 2023.

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AutoNation Q4 Results Top Estimates

Automotive retailer AutoNation, Inc. reported on Friday that profit for the fourth quarter declined 26 percent from last year, hurt by higher costs and expenses, despite 2 percent revenue growth. However, adjusted earnings per share and quarterly revenues topped analysts' expectations.

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Deere & Co. Boosts FY23 Net Income Outlook As Q1 Results Top Estimates

While reporting financial results for the second quarter on Friday, Deere & Co. (DE) raised its guidance for net income attributable to the company for the full-year 2022 to a range of $8.75 billion to $9.25 billion from the prior forecast range of $8.0 billion to $8.5 billion.

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Allianz Turns To Q4 Profit, But Revenues, AuM Weak; Stock Down

German financial services provider Allianz SE reported Friday a profit in its fourth quarter, compared to prior year's loss, reflecting strong operating profit mainly in the Life/Health business segment. Meanwhile, revenues and assets under management declined from last year. Further, the company lifted dividend, and said it looks forward with confidence to a strong 2023.

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Sensient Technologies Q4 Results Miss Estimates; Provides FY23 Outlook

Sensient Technologies Corp. (SXT) reported Friday that net income for the fourth quarter increased to $29.12 million or $0.69 per share from $27.23 million or $0.65 per share in the prior-year quarter.

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Watsco Q4 Earnings Spikes

Watsco, Inc. (WSO) Thursday announced a surge in fourth-quarter earnings from the prior year.

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Labcorp Guides FY23 Adj. EPS In Line With Estimates - Update

While reporting financial results for the fourth quarter on Thursday, life sciences company Labcorp (LH) initiated adjusted earnings and revenue growth guidance for the full-year 2023.

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Crocs Guides Q1, FY23 Adj. EPS Above Estimates - Update

While reporting financial results for the fourth quarter on Tuesday, casual footwear company Crocs, Inc. (CROX) initiated adjusted earnings and revenue growth guidance for the first quarter and full-year 2023.

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Ralph Lauren Reaffirms FY23 Revenue Growth Outlook - Update

While reporting its financial results for the third quarter on Thursday, luxury fashion house Ralph Lauren Corp. (RL) said it expects revenues to increase mid- to high-single digits in constant currency for the fourth quarter. Including last year's 53rd week, the Company expects reported revenue to increase 1% to 2% in constant currency to last year.

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Commerzbank Stock Rises On Profit Growth, Positive FY23 View

Shares of Commerzbank AG were gaining around 9 percent in the morning trading in Germany after the lending major reported Thursday higher profit in its fourth quarter, while fiscal 2022 recorded the highest net profit in more than ten years, thanks to strong revenue performance. The company further announced dividend, and issued positive outlook for fiscal 2023.

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Rexel FY22 Profit Rises; Sales Up 14.1% On Same Day Basis

Rexel (RXLSF.PK) reported fiscal 2022 net income of 922.3 million euros, up 54.3% from last year. Adjusted EBITA was 1.37 billon euros, up 35.7% and adjusted EBITA margin was at 7.3%, up 118 bps. Recurring net income increased 58.6% to 911.8 million euros, reaching a new all-time high, the company stated.

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Ryder System Guides FY23 Adj. EPS Above Estimates; Authorizes 2 Mln Share Buyback - Update

While reporting financial results for the fourth quarter on Wednesday, Ryder System, Inc. (R) initiated its earnings, comparable earnings and revenue growth guidance for the full-year 2023. The company also provided financial outlook for the first quarter.

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Biogen Q4 Results Top Estimates

Biotechnology company Biogen Inc. reported Wednesday that profit for the fourth quarter surged 50 percent from last year, reflecting lower expenses despite a 7 percent revenue growth. However, adjusted earnings per share and quarterly revenues topped analysts' expectations. The company also initiated adjusted earnings and revenue growth guidance for the full-year 2023, in line with estimates.

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Wabtec Guides FY23 Adj. EPS In Line; Boosts Dividend 13% - Update

While reporting its financial results for the fourth quarter on Wednesday, transportation solutions provider Wabtec Corp. (WAB) initiated its adjusted earnings and sales guidance for the full-year 2023.

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Credit Suisse Stock Down On Q4 Loss, FY23 View For Substantial Pre-tax Loss

Shares of Credit Suisse Group AG were losing around 9 percent in the morning trading in Switzerland as well as in pre-market activity on the NYSE after the banking major said it sees substantial loss before taxes in fiscal 2023 after reporting narrower loss in its fourth quarter with lower expenses, despite weak revenues.

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Glencore Plc Preliminary FY22 Profit Rises; Revenue Up 26%

Glencore Plc (GLCNF.PK, GLNCY.PK, GLEN.L) said the unprecedented developments in global energy markets were material drivers for both marketing and industrial businesses, resulting in a 60 percent growth in fiscal 2022 Group adjusted EBITDA to $34.1 billion. Net income, pre-significant items, was $18.9 billion, up 107% from last year. Basic earnings per share, pre-significant items, was $1.44 compared to $0.69.

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ASML Projects 2023 Net Sales Growth Of More Than 25%

ASML Holding NV (ASML) has published its 2022 annual reports. The company achieved another record year for sales in 2022, driven by a strong increase in demand from customers across all technologies. ASML saw strong demand in both the Logic and Memory markets for the period. The company noted that its ability to meet customer demand was impacted by several issues in 2022, including the war in Ukraine and the aftermath of COVID-19.

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Ecolab Guides Q1 Adj. EPS In Line With Estimates - Update

While reporting financial results for the fourth quarter on Tuesday, Ecolab Inc. (ECL) said it expects adjusted earnings in a range of $0.82 to $0.90 per share.

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GlobalFoundries Q4 Results Top Estimates; Guides Q1 In Line With View

GlobalFoundries, Inc. (GFS) reported Tuesday that net income attributable to the company soared to $668 million or $1.21 per share from $44 million or $0.08 per share in the prior-year quarter.

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Coca-Cola Q4 Profit Down 16%, But Meets Estimates

Beverages giant Coca-Cola Co. (KO) reported Tuesday a profit for the fourth quarter that declined 16 percent from last year, reflecting steeply lower other income and higher interest expense, despite a 7 percent revenue growth. Adjusted earnings per share met analysts' expectations, while quarterly revenues topped it. The company also initiated guidance for the full-year 2023.

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Leidos Holdings Guides FY23 Adj. EPS Below Estimates - Update

While reporting financial results for the fourth quarter on Tuesday, science and technology company Leidos Holdings Inc. (LDOS) initiated its adjusted earnings and revenue guidance for the full-year 2023.

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ThyssenKrupp Stock Down On Weak Q1 Profit, Orders; Backs FY23 View

Shares of ThyssenKrupp AG were losing around 6 percent in the morning trading in Germany after the industrial engineering and steel company reported Tuesday weak profit and orders and flat revenues in its first quarter. The company also maintained its fiscal 2023 outlook, expecting lower earnings.

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Coca-Cola HBC AG FY Comparable Profit Rises; Organic Revenue Growth At 14.2%

Coca-Cola HBC AG (CCH), a growth-focused Consumer Packaged Goods business and strategic bottling partner of The Coca-Cola Company, reported that its full year 2022 comparable net profit grew by 8.1% from prior year, due to higher operating profitability. Net profit declined by 24.1%, largely due to the net impairment losses after tax, relating to the Group's operations in Russia, and acquisition and integration costs associated with the business combinations of Egypt and Multon.

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Dye & Durham Q2 Results Miss Estimates

Dye & Durham Ltd. (DND, DND.TO) reported Monday a second-quarter net loss of C$34.8 million, a decrease of C$30.8 million, from the same period in the prior year.

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Teradata Guides Q1, FY23 Adj. EPS Above Estimates - Update

While reporting financial results for the fourth quarter on Monday, Teradata Corp. (TDC) provided earnings, adjusted earnings and revenue growth guidance for the first quarter and for the full-year 2023.

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Global Payments Q4 Results Top Estimates; Sees FY23 Revenues Above Estimates

While reporting financial results for the fourth quarter on Friday, payments technology company Global Payments Inc. (GPN) initiated its adjusted earnings and adjusted revenue guidance for the full year 2023.

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Sensient Technologies Q4 Results Miss Estimates; Provides FY23 Outlook

Fortis Q4 Profit Rises, Tops Estimates

Electric and gas utility Fortis Inc. (FTS, FTS.TO) reported fourth quarter net earnings attributable to common equity shareholders of C$370 million or C$0.77 per share, up from C$328 million or C$0.63 per share in the prior-year quarter.

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Magna Q4 Profit Misses Estimates; Sees Growth In FY23, FY25

Canadian auto parts maker Magna International Inc. reported Friday a sharp drop in fourth-quarter profit, below market estimates, while top line increased and beat the Wall Street view. Looking ahead, the company projects higher profit and sales for fiscal 2023, and higher sales for fiscal 2025.

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Baxter International Guides Q1, FY23 Adj. EPS Well Below Estimates; To Cut 5% Jobs - Update

While reporting financial results for the fourth quarter on Thursday, health care company Baxter International Inc. (BAX) initiated earnings, adjusted earnings and sales growth guidance for the first quarter and for the full-year 2023.

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Interpublic Q4 Adj. EPS Tops Estimates; Boosts Dividend 7%

Interpublic Group of Cos., Inc. (IPG) reported Thursday that net income available to IPG common stockholders for the fourth quarter declined to $297.2 million or $0.76 per share from $357.9 million or $0.90 per share in the prior-year quarter.

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Himax Technologies Issues Q1 Guidance; Q4 Profit Plunges - Quick Facts

While reporting financial results for the fourth quarter on Thursday, semiconductor company Himax Technologies Inc. (HIMX) provided earnings and revenue growth guidance for the first quarter of fiscal 2023.

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Credit Suisse Stock Down On Q4 Loss, FY23 View For Substantial Pre-tax Loss

Swisscom 2022 Adj. Net Income Rises; Issues FY23 Guidance

Swisscom (SWZCF.PK, SCMWY.PK) reported that its 2022 net income decreased by 12.5% year-on-year to 1.60 billion Swiss francs. Earnings per share was 30.93 francs compared to 35.37 francs. The company said the main reasons for the decline in profit are the non-recurring items in EBITDA, in the financial result and in income tax expense. Adjusted for these items, net income increased by 180 million Swiss francs.

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Linde Plc Q4 Adj. Profit Rises; Underlying Sales Up 7%

Linde plc (LIN) reported fourth quarter adjusted income from continuing operations of $1.57 billion, up 10% from prior year. Adjusted earnings per share was $3.16, 14% above last year. On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $2.48, for the quarter. Analysts' estimates typically exclude special items.

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Capri Sees Q4 Results Below Market; Cuts FY23 View; Stock Down In Pre-market - Update

Fashion luxury group Capri Holdings Ltd (CPRI), while announcing weak third-quarter results, on Wednesday issued outlook for its fourth quarter, and trimmed fiscal 2023 forecast, both below market estimates. The company also provided fiscal 2024 guidance higher than the previous year, but below Wall Street estimates.

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Eaton Guides Q1, FY23 Adj. EPS Well Below Estimates - Update

While reporting its financial results for the fourth quarter on Wednesday, power management company Eaton Corp plc (ETN) provided adjusted earnings guidance for the first quarter and full-year 2023, well below analysts' estimates.

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Bunge Q4 Adj. EPS Tops Estimates; Guides FY23 Below Estimates

Bunge Ltd. (BG) reported Wednesday that net income attributable to the company for the fourth quarter increased to $336 million or $2.21 per share from $231 million or $1.52 per share in the prior-year quarter.

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Societe Generale Q4 Profit Weak; Confirms FY25 View

Societe Generale Group reported Wednesday a weak profit in its fourth quarter, despite higher net banking income. Further, the French Financial services major proposed a dividend and around 440 million euros share buyback program. The company also confirmed fiscal 2025 financial targets.

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M/I Homes Q4 Profit Rises 15%, Revenue Up 16%

M/I Homes, Inc. (MHO), a builder of single-family homes, reported Wednesday that net income for the fourth quarter increased to $130.40 million or $4.65 per share from $113.38 million or $3.83 per share in the prior-year quarter.

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Humana Q4 Loss Widens On Charges

Health insurer Humana Inc. reported Wednesday a net loss for the fourth quarter that slightly widened from last year, hurt primarily by charges associated with productivity initiatives, despite 6.6 percent revenue growth. Adjusted earnings for the quarter topped analysts' expectations, while quarterly revenues missed it by a whisker.

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BP Plc Q4 Underlying Replacement Cost Profit Rises

BP plc (BP.L, BP_UN.TO, BP) reported that its fourth quarter underlying replacement cost profit increased to $4.81 billion from $4.07 billion, prior year. Underlying RC profit per ADS was $1.59 compared to $1.23.

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ON Semiconductor Guides Q1 Well Below Estimates; Approves $3 Bln Share Buyback - Update

While reporting financial results for the fourth quarter on Monday, ON Semiconductor Corp. (ON) provided earnings and revenue guidance for the first quarter of fiscal 2023.

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Tyson Foods Q1 Profit Misses Estimates, Sales Up 2.5%; Pork Remains Challenged By Industry Headwinds

Tyson Foods, Inc. (TSN) reported that its first quarter adjusted operating income declined 68% year-over-year. Adjusted operating margin was 3.4%, for the quarter. Both lower revenue and higher COGS in Beef and Pork drove the decrease in adjusted operating margin.

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Timken Guides FY23 In Line With View; Q4 Adj. EPS Tops Estimates

While reporting financial results for the fourth quarter on Monday, Timken Co. (TKR) initiated its earnings, adjusted earnings and revenue growth guidance for the full-year 2023.

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Graham Boosts FY23 Revenue Outlook - Update

While reporting financial results for the third quarter on Monday, Graham Corp. (GHM) raised its revenue guidance for the full-year 2023.

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Saia Q4 Profit Declines, Misses Estimates

Saia, Inc. (SAIA) Friday announced a decline in fourth-quarter earnings, despite higher revenues, compared to the prior year.

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Cigna Q4 Results Top View; Sees Higher FY23 Earnings, But Below Market

Health services company Cigna Corp. reported Friday higher profit in its fourth quarter reflecting growth in both Evernorth and Cigna Healthcare segments. Adjusted earnings and topline beat market estimates. Looking ahead for fiscal 2023, the company projects adjusted earnings and adjusted revenues to be higher than last year, but below market view.

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Sanofi Q4 Profit Climbs, Sees Slower Earnings Growth In FY23; Stock Down

French drug major Sanofi SA reported Friday higher profit in its fourth quarter with strong revenue growth mainly with strong sales of Dupixent. Looking ahead for fiscal 2023, the company projects higher business earnings, but the expected growth is slower than recorded in fiscal 2022. Sanofi shares were losing around 4 percent in the morning trading in Paris as well as in pre-market activity...

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Lilly Lifts FY23 Earnings View Above Market On Updated Tax Rate - Update

Drug maker Eli Lilly And Co. (LLY), while reporting higher earnings and weak revenues in its fourth quarter, on Thursday lifted its fiscal 2023 earnings view above market estimates, as it has updated the tax rate guidance.

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Quest Diagnostics Guides FY23 Adj. EPS In Line With Estimates - Update

While reporting financial results for the fourth quarter on Thursday, Quest Diagnostics Inc. (DGX) initiated its earnings, adjusted earnings and revenue guidance for the full-year 2023.

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Becton, Dickinson Boosts FY23 Outlook - Update

While reporting financial results for the first quarter on Thursday, medical technology company Becton, Dickinson and Co. or BD (BDX) raised its adjusted earnings and revenue outlook for fiscal 2023.

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Stanley Black & Decker Guides FY23 Above Estimates - Update

While reporting financial results for the fourth quarter on Thursday, Stanley Black & Decker (SWK) initiated its earnings and adjusted earnings outlook for the full-year 2023, above analysts' estimates.

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Deutsche Bank Profit Surges, Sees Growth Ahead; Stock Down

German banking major Deutsche Bank AG reported Thursday a significantly higher profit in its fourth quarter and fiscal 2022, mainly reflecting a tax benefit in the U.S, despite weakness in Investment Bank and asset management revenues. The company said it recorded its highest annual profit, both before and after tax, since 2007. However, Deutsche Bank shares were losing around 4 percent...

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Shell Plc FY Adj. Profit Rises; Announces Commencement Of Share Buyback Programme

Shell Plc (SHEL) reported that its full year adjusted earnings was $39.87 billion, an increase of 107% from last year. Adjusted basic earnings per share was $5.43 compared to $2.49.

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ABB Q4 Operational EBITA Rises, Comparable Revenue Growth At 16%; Issues Outlook

ABB (ANN.L, ABB) reported that its fourth quarter operational EBITA increased year-over-year to $1.15 billion from $988 million. On a comparable basis, growth was 28%.

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Altria Q4 Profit Beats Estimates, Expects 2023 Adj. EPS To Grow 3%-6%; Authorizes Share Repurchase

Altria Group, Inc. (MO) reported that its fourth-quarter adjusted EPS increased 8.3% to $1.18 from prior year, primarily driven by higher adjusted OCI, fewer shares outstanding and favorable interest expense. On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $1.17, for the quarter. Analysts' estimates typically exclude special items.

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Boston Scientific Sees Q1, FY23 Adj. EPS To Be In Line Or Below Market; Stock Down In Pre-market

Boston Scientific Corp (BSX), while announing higher earnings in fourth quarter, but below market estimates, on Wednesday issued outlook for first quarter and fiscal 2023. The company projects higher earnings and sales for both period, while adjusted earnings would be in line or below market estimates.

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Otis Worldwide Q4 Results Top Estimates; Guides FY23 In Line With View

Otis Worldwide Corp. (OTIS) reported Wednesday that net income for the fourth quarter grew $297 million or $0.71 per share from $281 million or $0.65 per share in the prior-year quarter.

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Novartis Stock Down On Weak Q4 Results; Sees Growth In FY23

Shares of Novartis AG were losing around 2 percent in the early morning trading in Switzerland after the drug major reported Wednesday sharply lower profit in its fourth quarter with weak sales as well as the absence of prior year's hefty Roche income. Adjusted earnings, however, topped market estimates, while top line missed their view. Further, the company announced higher dividend...

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Software AG Q4 Organic Operating EBITA Rises; To Become Leaner Organization

Software AG (STWRY.PK) reported that, on an organic basis, EBIT was 43.1 million euros in the fourth quarter compared to 32.2 million euros, prior year. With the addition of StreamSets, EBIT was 22.8 million euros in the fourth quarter.

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