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Monday, January 22, 2024

Bank Of Hawaii Q4 Profit Halves, Misses Estimates

Bank of Hawaii Corp. (BOH) reported Monday that net income available to common shareholders for the fourth quarter decreased to $28.43 million or $0.72 per share from $59.34 million or $1.50 per share in the prior-year quarter.

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Spirit Airlines Preliminary Q4 Revenue At High End Of Initial Guidance; Stock Surges

Spirit Airlines, Inc. (SAVE) said its fourth quarter total revenue is expected to be at the high end of the company's initial guidance, as bookings for the peak travel period over Christmas and New Years were strong. Fourth quarter total revenues are projected to be $1.32 billion. Adjusted operating margin guidance for the fourth quarter is positively revised 450 basis points from negative 15 to 19 percent to negative 12 to 13 percent. Operating expenses are estimated to come in better than expected, the company noted.

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Ally Financial Q4 Core Profit Declines; Synchrony To Acquire Ally's Point Of Sale Financing Business

Ally Financial Inc. (ALLY) reported that it fourth quarter net income to shareholders declined to $49 million from $251 million, prior year. Earnings per share was $0.16 compared to $0.83. Core net income to shareholders declined to $137 million from $327 million, last year. Core net income per share was $0.45 compared to $1.08. On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $0.45, for the quarter. Analysts' estimates typically exclude special items.

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State Street Q4 Profit Plunges 71%, But Results Top Estimates

State Street Corp. (STT) reported Friday that net income for the fourth quarter decreased 2 percent to $210 million from $733 million from last year, with earnings per share declining 8 percent to $0.55 from last year's $1.91.

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Huntington Bancshares Q4 Adj. EPS Meets Estimates

Huntington Bancshares, Inc. (HBAN) reported Friday that net income for the fourth quarter declined to $243 million or $0.15 per share from $402 million or $0.27 per share in the year-ago quarter.

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TSMC Q4 Profit Drops, Revenues Flat, But Stock Up In Pre-market

Taiwan Semiconductor Manufacturing Co. Ltd. or TSMC reported Thursday that its fourth-quarter profit declined from last year, while revenue was essentially flat. The earnings and top line were better than market expectations. Sequentially, profit and revenues increased from last year. Looking ahead for the first quarter, the company projects sequentially lower revenues.

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Marshalls Board Sees FY Adj. Profit Before Tax To Be In-line With Its Expectations

Marshalls plc (MSLH.L) said the Group's performance in the period since the trading update on 18 October 2023 has been as anticipated. The Board expects adjusted profit before tax for the full year to be in-line with its expectations.

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