Titan Machinery Q3 Profit Beats Estimates, Revenue Up 47.3%; Increases FY23 Earnings Guidance

Titan Machinery Inc. (TITN) said, on an adjusted basis, net income for the third quarter was $41.5 million, or adjusted earnings per share was $1.83, compared to adjusted net income of $21.7 million, or adjusted earnings per share of $0.96, a year ago. On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $1.16, for the quarter. Analysts' estimates typically exclude special items.

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Hormel Foods Q4 Profit Beats Estimates, Organic Net Sales Up 2%; Sees High-cost Environment In FY23

Hormel Foods Corp. (HRL) said, in the fourth quarter, the company delivered earnings per share comparable with record results last year, which included an additional week of sales. Pretax earnings were $357 million, up 1% from a year ago. Organic net sales were up 2%, excluding the impact of an additional week last year. Organic volume and organic net sales growth were led by center-store grocery portfolio as well as another solid performance from foodservice businesses, the company stated. Looking forward, Hormel Foods expects to operate in a volatile, complex and high-cost environment again in fiscal 2023.

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Shaw Communications Q4 Profit Declines 33%

Shaw Communications Inc. (SJR) announced Tuesday that fourth-quarter net income declined to C$169 million or C$0.34 per share from C$252 million or C$0.50 per share in the prior-year quarter.

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EasyJet Posts Narrower FY22 Loss, Sees Capacity Growth; Stock Down

Shares of easyJet plc were losing around 4 percent in the morning trading in London after the British low-cost airline reported a loss in its fiscal 2022. However, the loss was narrower than last year with strong growth in revenues as demand returned. Looking forward, easyJet projects first-quarter load factor growth of approximately 10 percentage points year-over-year.

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EasyJet Plc FY22 Headline Pretax Loss Narrows

easyJet plc (ESYJY.PK, EZJ.L) recorded a significant reduction in headline loss before tax for the year ended 30 September 2022 from prior year, driven by increased capacity and yields as customer confidence to travel returned once Covid-19 related restrictions were lifted across Europe, along with enhanced contribution from ancillary product offering and easyJet holidays. The company flew 69.7 million passengers in the year, up 242% on the prior year.

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Deere & Company Sees Higher Sales, Net Income In FY23

Deere & Company (DE) said the company expects fiscal 2023 net income attributable to Deere & Company in a range of $8.0 billion to $8.5 billion. The company's forecast also calls for higher sales in fiscal 2023.

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Abercrombie & Fitch, Dollar Tree, Chico's Fas Q3 Results Top Estimates

U.S. retailers Abercrombie & Fitch, Dollar Tree and Chico's Fas on Tuesday reported results for the third quarter, with Abercrombie & Fitch slipping to a loss, while profit at Dollar Tree and Chico's Fas improving from last year. Both adjusted earnings per share and net sales at Abercrombie & Fitch, Dollar Tree and Chico's Fas topped analysts' estimates.

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