Wednesday, December 6, 2023

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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Tuesday, December 5, 2023

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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Monday, December 4, 2023

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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Friday, December 1, 2023

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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Thursday, November 30, 2023

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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