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Wednesday, May 3, 2023

Kraft Heinz Boosts FY23 Adj. EPS Outlook - Update

While reporting financial results for the first quarter on Wednesday, Kraft Heinz Co. (KHC) raised its adjusted earnings guidance for the full-year 2023, while reaffirming annual organic net sales growth outlook.

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NiSource Reaffirms FY23 Adj. EPS Outlook - Update

While reporting financial results for the first quarter on Wednesday, electric utility NiSource Inc. (NI) reaffirmed its adjusted net operating earnings guidance for the full-year 2023 in the range of $1.54 to $1.60 per share and growth of 6 to 8 percent through 2027.

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Merck Q1 Results Top Estimates; Boosts FY23 Outlook

Biopharmaceutical company Merck & Co., Inc. (MRK), known as MSD outside the U.S. and Canada, reported Thursday that first-quarter net income attributable to the company declined 35 percent to $2.82 billion or $1.11 per share from $4.31 billion or $1.70 per share in the prior-year quarter.

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DuPont Q1 Profit Down, Cuts FY23 View; To Buy Spectrum Plastics; Stock Down In Premarket

DuPont De Nemours & Co. (DD) reported Tuesday that its first-quarter profit declined from last year with weak net sales. Further, the company projects sequentially flat adjusted earnings and net sales in the second quarter. The company also adjusted fiscal 2023 outlook to reflect the delay in electronics recovery.

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Gartner Raises Guidance

Gartner, Inc. (IT) said it delivered strong first-quarter with double digit growth in contract value, revenue, adjusted EBITDA, and Adjusted EPS. Looking forward, the company increased guidance for 2023. Adjusted EPS is now expected to be $9.50, revised from previous guidance of $8.80. Total revenue is now projected to be $5.90 billion, revised from previous guidance of $5.86 billion.

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BP Posts RC Profit In Q1, Underlying RC Profit Down; Stock Dips

British energy major BP Plc reported Tuesday a replacement cost profit in its first quarter, compared to last year's hefty loss, while underlying replacement cost profit was lower as last year was benefited by surge in fuel prices following Russia's invasion of Ukraine. The company also announced a further $17.5 billion share buyback. BP shares were losing around 5 percent in the morning trading

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WEC Energy Reaffirms FY23 Earnings Outlook - Update

While reporting financial results for the first quarter on Monday, energy company WEC Energy Group (WEC) reaffirmed its earnings guidance for the full-year 2023 in the range of $4.58 to $4.62 per share, assuming normal weather for the remainder of the year.

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