Tuesday, January 31, 2023

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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Monday, January 30, 2023

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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