Apple supplier Foxconn announced that it will adjust its production capacity in China and elsewhere to mitigate the impact of Covid-linked shutdowns on its December quarter revenue outlook. "We will definitely work all out to adjust our production capacity and output, so there is no impact on demand for (the Christmas and Lunar New Year) holidays," Foxconn chairman Liu Young-way mentioned to...
Brookfield Asset Management Inc. third-quarter operating funds from operations or FFO climbed +30% from the year-ago quarter to $1.22 billion. FFO per share was $0.73, up from $0.56 a year ago. Revenues rose to $23.42 billion from $19.25 billion in the prior year. The asset management company experienced inflows of $33 billion during the quarter. It closed several new funds during this...
WestRock Company posted earnings for its fourth quarter that surpassed the Street expectations. The corrugated packaging company's adjusted earnings came in at $1.43 per share, above the $1.41 per share expected by analysts’ (according to Thomson Reuters compilation). Revenue climbed +6.1% from the year-ago quarter to $5.40 billion. The company’s sales from Corrugated Packaging business rose...
Disney's fiscal fourth quarter adjusted earnings came in at 30 cents per share, falling short of the Street's expectations of 55 cents per share. Revenue of $20.15 billion for quarter ending September missing the consensus estimate of $21.25 billion. The entertainment giant’s streaming platform Disney+ has garnered 164.2 million subscribers in the fiscal fourth quarter, exceeding Factset...
Atmos Energy posted its fiscal fourth quarter earnings of $0.51 per share, rising from $0.37 per share a year ago and exceeding the Zacks Consensus Estimate of $0.45 per share. Revenues climbed +27% from the year-ago quarter to $722.63 million, surpassing the Zacks Consensus Estimate by 0.08%. The natural-gas distributor’s guidance for earnings per share is between $5.90 to $6.10 a share for...
D.R. Horton missed both revenue and earnings expectations for fiscal fourth quarter, amidst a rising interest rate environment apparently dampening demand for homes. The biggest home building company in the U.S. earned $4.67 a share in the quarter, compared to $5.07 a share expected by analysts. Revenue rose just under +19% from the year-ago quarter to $9.64 billion, but fell short of the...
SolarEdge Technologies Inc. posted its third quarter results after the bell Monday, leading to its shares soaring on Tuesday. The smart energy technology company’s third-quarter revenue rose to $836.7 million, from $526.4 million in the year-ago quarter. The company mentioned that it generated a record revenue of $788.6 million in its solar segment. SolarEgde’s revenues in Europe surged +90%...
Alliant Energy Corporation reported third-quarter 2022 operating earnings of 93 cents, which is -8.8% lower than the year-ago figure. The company’s revenues climbed +10.8% year over year to $1,135 million in the quarter, on the back of its Electric and Gas operations growth. Retail electric and gas utility customers increased 0.8% and 0.7% year over year, respectively. Gas volumes sold and...
The Mosaic Company reported earnings of $2.42 per share in third-quarter 2022, compared to 97 cents per share in the year-ago quarter. The company’s adjusted earnings came in at $3.22 per share, below Zacks Consensus Estimate of $3.52 (as reported by Zacks.com). Net sales climbed +56% year over year to $5,348.5 million, missing the Zacks Consensus Estimate of $6,010.1. The Potash division...
Fortinet Inc.’s quarterly earnings and revenue surpassed analysts’ expectations. However, the cybersecurity company issued billings guidance lower than expectations. Fortinet posted third-quarter adjusted earnings of 33 cents a share, up from 20 cents a share a year before, and well-above the 27 cents a share expected by analysts polled by FactSet. Revenue rose to $1.15 billion from the...
Yum! Brands posted earnings of $1.09 per share for the third quarter, missing the Street expectations of $1.14 a share. Nevertheless, the owner of fast food chains’ revenue of $1.64 billion came in higher than analysts’ expectation of $1.62 billion. Same-store sales climbed +5% in the quarter, beating StreetAccount estimates of +2.5%. Revenues from the company’s KFC business were up +1.7%...
Equinix Inc.’s third-quarter adjusted funds from operations (AFFO) per share grew +11.4% year-over-year to $7.73, exceeding the Zacks Consensus Estimate of $7.19. Revenues climbed +9.9% to $1.84 billion for the quarter , beating the Zacks Consensus Estimate of $1.83 billion. For the full-year, the company boosted its revenue outlook by $15 million compared to prior guidance to a range of...
Estee Lauder posted its fiscal first quarter adjusted earnings of $1.37 per share, that exceeded the Zacks Consensus Estimate of $1.29 per share. Earnings were $1.89 per share a year ago (as reported in Zacks Equity Research) The beauty company’s revenues for the quarter fell -11% from the year-ago period, but topped the Zacks Consensus Estimate by 0.34%. While net sales for the company’s...
NextEra Energy Partners reported its third-quarter operating earnings per unit of 93 cents, beating Zacks Consensus Estimate of 63 cents. Operating revenues were up +19.8% from the year-ago quarter to of $302 million on the back of new projects. However, it was below the Zacks Consensus Estimate of $415 million. NextEra board of directors announced a quarterly distribution of 78.25 cents per...
AbbVie Inc. ‘s third quarter earnings came in at $3.66 per share for the third quarter of 2022 (up +29.3% from the year-ago quarter), exceeding the Zacks Consensus Estimate of $3.56 per share. Revenues rose +3.3% year-over-year to $14.81 billion, missing the Zacks Consensus Estimate of $14.92 billion. In immunology, AbbVie’s flagship drug Humira experienced a 3.9% sales growth to $5.56...
Caterpillar Inc. posted its third-quarter adjusted earnings per share, which rose +48.5% from the year-ago quarter to $3.95, and was well above the Zacks Consensus Estimate of $3.19 (as reported in Zacks Equity Research). Amidst higher material and freight costs, strong demand and favorable price realization boosted earnings in the quarter. The construction equipment maker’s revenues jumped...
Honeywell International Inc. posted quarterly adjusted earnings of $2.25 per share, higher than the year-ago quarter’s $2.02 per share a year ago, and surpassing the Zacks Consensus Estimate of $2.16 per share (as reported in Zacks Equity Research). Revenues of $8.95 billion, however, missed the Zacks Consensus Estimate by 1.37%. (as reported in Zacks Equity Research). It was $8.47 billion in...
T-Mobile US posted third-quarter earnings and revenue – both of which fell short of analysts' forecast. The wireless carrier’s earnings came in at 40 cents per share for the quarter , below the 50 cents a share expected by analysts polled by Investing.com. Revenue was $20 billion, v. analysts’ estimates of $19.36 billion. For the full-year T-Mobil US now expects adjusted earnings before...
Comcast third quarter earnings topped analysts’ expectations, while the company added a few thousand net new internet subscribers. The telecom company’s adjusted earnings came in at 96 cents, beating the 90 cents expected by analysts polled by FactSet. The figure is also higher than the year-ago quarter’s 87 cents a year. Overall net loss for the third quarter was -$4.6 billion, or -$1.05 a...
Exxon Mobil Corporation’s third-quarter adjusted earnings came in at $4.45 per share, surpassing the Zacks Consensus Estimate of $3.88 (as reported in Zacks Equity Research). The figure is also higher from the year-ago quarter’s $1.58. The oil company’s revenues rose to $112,070 million (from the year-ago quarter’s $73,786 million), but missed the Zacks Consensus Estimate of $115,188 million...