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Baxter International Guides Q1, FY23 Adj. EPS Well Below Estimates; To Cut 5% Jobs - Update
While reporting financial results for the fourth quarter on Thursday, health care company Baxter International Inc. (BAX) initiated earnings, adjusted earnings and sales growth guidance for the first quarter and for the full-year 2023.
The company said the guidance for 2023 reflects a challenging first half of the year due to increased cost of sales resulting from elevated costs of inventory produced in the second half of 2022, reflecting the significant inflationary pressures the company experienced, that will impact earnings when the related inventory is sold in 2023. Baxter expects the impact from these inflationary pressures on its earnings to begin to ease in the second half of the year.
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957天前
Interpublic Q4 Adj. EPS Tops Estimates; Boosts Dividend 7%
Interpublic Group of Cos., Inc. (IPG) reported Thursday that net income available to IPG common stockholders for the fourth quarter declined to $297.2 million or $0.76 per share from $357.9 million or $0.90 per share in the prior-year quarter.
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957天前
Duke Energy Q4 Results Top Estimates; Reaffirms FY23 Outlook
Duke Energy Corp. (DUK) reported on Thursday a net loss available to common stockholders for the fourth quarter of $531 million or $0.71 per share, compared to net income of $732 million or $0.93 per share in the prior-year quarter.
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957天前
PepsiCo Q4 Core EPS Beats Market, Lifts Dividend; Sees Growth In FY23
Snack and beverage giant PepsiCo Inc. reported Thursday sharply lower profit in its fourth quarter, despite higher revenues. Adjusted earnings and top line beat market estimates. Further, the company lifted its dividend and announced around $1 billion share buyback. Looking ahead for fiscal 2023, PepsiCo expects growth in organic revenues and core earnings, which is below current market estimates.
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957天前
Sweden Central Bank Hikes Rate; Starts Bond Sales
Despite weak economic activity, Sweden's central bank raised its benchmark rate by half-percentage point to curb the weakness in currency and also decided to sell government bonds to reduce the asset holdings at a faster pace. At the first monetary policy meeting of Erik Thedéen as the governor of Riksbank, the Executive Board lifted the policy rate by 50 basis points to 3.00 percent
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957天前
ITT Guides FY23 Adj. EPS Just Below Estimates; Hikes Dividend 10% - Update
While reporting financial results for the fourth quarter on Thursday, ITT Inc. (ITT) initiated its adjusted earnings and revenue growth guidance for the full-year 2023. It also increased quarterly dividend by 10 percent.
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957天前
Himax Technologies Issues Q1 Guidance; Q4 Profit Plunges - Quick Facts
While reporting financial results for the fourth quarter on Thursday, semiconductor company Himax Technologies Inc. (HIMX) provided earnings and revenue growth guidance for the first quarter of fiscal 2023.
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957天前
more news
Credit Suisse Stock Down On Q4 Loss, FY23 View For Substantial Pre-tax Loss
Shares of Credit Suisse Group AG were losing around 9 percent in the morning trading in Switzerland as well as in pre-market activity on the NYSE after the banking major said it sees substantial loss before taxes in fiscal 2023 after reporting narrower loss in its fourth quarter with lower expenses, despite weak revenues.
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957天前
Sensex, Nifty Extend Gains For Second Day Amid Volatile Trade
Indian shares rose for a second straight session on Thursday, though overall gains remained limited as Adani Group stocks began trading lower again after a two-day recovery.
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957天前
Swedish Krona At 6-day High Against U.S. Dollar After Riksbank Decision
The Swedish krona climbed against the U.S. dollar in the European session on Thursday, as Sweden central bank lifted its key interest rate by 50 basis points and signaled additional hike during the spring.
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957天前
European Shares Gain Amid Earnings Deluge
European shares rose for a third straight session on Thursday, with a slew of positive earnings updates and expectations of a milder-than-expected recession boosting sentiment.
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957天前
FTSE 100 Gains As Recession Worries Ease
U.K. stocks traded higher on Thursday as a slew of upbeat earnings results offset concerns surrounding inflation and interest-rate hikes.
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957天前
CAC 40 Gains On Earnings Boost
French stocks were sharply higher on Thursday as investors cheered strong earnings results and waited for U.S. inflation data due next week for additional clues on the U.S. rate outlook.
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957天前
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