Alliance Resource Partners LP Q1 Profit Rises, but misses estimates

Chicago Business Barometer Pulls Back Sharply In April

After reporting a significant rebound in the pace of growth in Chicago-area business activity in the previous month, MNI Indicators released a report on Friday showing the pace growth pulled back in the month of April.

MNI Indicators said its Chicago business barometer slumped to 56.4 in April after jumping to 62.9 in March, although a reading above 50 still indicates growth.

The pullback by the Chicago business barometer came as the new orders index and the production index slid to their lowest levels since the summer of 2020.

The new orders index plunged to 51.1 in April from 61.9 in March, while the production index tumbled to 50.9 in April from 60.0 in March.

The report showed the employment index also fell to 45.5 in April from 48.1 in March, as highly competitive labor market conditions continued to make staff retention challenging.

MNI Indicators also said the order backlog index edged down to 63.4 from 64.3, the supplier deliveries index fell to 74.5 from 78.3, and the inventories index slid to 64.6 from 68.7.

Meanwhile, the prices paid index inched up to 86.1 in April from 85.7 in March, with the war in Ukraine cited as inflating steel, plastics and lumber costs.

Pre-market Movers: CANG, ACON, LLNW, SDIG, FNGR…

The following are some of the stocks making big moves in Monday’s pre-market trading (as of 07.30 A.M. ET).

In the Green

Cango Inc. (CANG) is up over 24% at $2.93
Aclarion, Inc. (ACON) is up over 18% at $3.22
Limelight Networks, Inc. (LLNW) is up over 17% at $5.68
The Lion Electric Company (LEV) is up over 7% at $6.98
BARK, Inc. (BARK) is up over 6% at $3.34
New Concept Energy, Inc. (GBR) is up over 6% at $2.93
Silicon Motion Technology Corporation (SIMO) is up over 5% at $81.00
Winc, Inc. (WBEV) is up over 5% at $4.36
Dogness (International) Corporation (DOGZ) is up over 5% at $3.69

In the Red

Stronghold Digital Mining, Inc. (SDIG) is down over 15% at $3.31
FingerMotion, Inc. (FNGR) is down over 14% at $2.23
Koninklijke Philips N.V. (PHG) is down over 12% at $26.69
Cyngn Inc. (CYN) is down over 11% at $2.38
Swvl Holdings Corp. (SWVL) is down over 10% at $5.76
Wheels Up Experience Inc. (UP) is down over 8% at $2.77
Nine Energy Service, Inc. (NINE) is down over 8% at $2.54
Forge Global Holdings, Inc. (FRGE) is down over 5% at $13.28

Loews Corp. Announces Climb In Q1 Profit

Loews Corp. (L) revealed a profit for its first quarter that increased from last year

The company’s bottom line came in at $338 million, or $1.36 per share. This compares with $261 million, or $0.97 per share, in last year’s first quarter.

The company’s revenue for the quarter fell 6.1% to $3.40 billion from $3.62 billion last year.

Loews Corp. earnings at a glance (GAAP) :

-Earnings (Q1): $338 Mln. vs. $261 Mln. last year.
-EPS (Q1): $1.36 vs. $0.97 last year.
-Revenue (Q1): $3.40 Bln vs. $3.62 Bln last year.

ON Semiconductor Corp. Q1 Profit Increases, beats estimates

ON Semiconductor Corp. (ON) released earnings for its first quarter that increased from last year and beat the Street estimates.

The company’s bottom line came in at $530.2 million, or $1.18 per share. This compares with $89.9 million, or $0.20 per share, in last year’s first quarter.

Excluding items, ON Semiconductor Corp. reported adjusted earnings of $583.5 million or $1.22 per share for the period.

Analysts on average had expected the company to earn $1.05 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 31.8% to $1.95 billion from $1.48 billion last year.

ON Semiconductor Corp. earnings at a glance (GAAP) :

-Earnings (Q1): $530.2 Mln. vs. $89.9 Mln. last year.
-EPS (Q1): $1.18 vs. $0.20 last year.
-Analyst Estimate: $1.05
-Revenue (Q1): $1.95 Bln vs. $1.48 Bln last year.

-Guidance:
Next quarter EPS guidance: Adj: $1.20 to $1.32
Next quarter revenue guidance: $1.965 to $2.065 Bln

ON Semiconductor Guides Q2 Well Above Estimates – Update

While reporting financial results for the first quarter on Monday, ON Semiconductor Corp. (ON) provided earnings and revenue guidance for the second quarter, above analysts’ expectations.

For the second quarter, the company projects earnings in a range of $1.13 to $1.25 per share and adjusted earnings in a range of $1.20 to $1.32 per share on revenues between $1.965 billion and $2.065 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.05 per share on revenues of $1.92 billion for the quarter. Analysts’ estimates typically exclude special items.

Alliance Resource Partners LP Q1 Profit Rises, but misses estimates

Alliance Resource Partners LP (ARLP) announced earnings for its first quarter that increased from last year but missed the Street estimates.

The company’s earnings totaled $36.65 million, or $0.28 per share. This compares with $24.75 million, or $0.19 per share, in last year’s first quarter.

Analysts on average had expected the company to earn $0.57 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 44.6% to $460.86 million from $318.62 million last year.

Alliance Resource Partners LP earnings at a glance (GAAP) :

-Earnings (Q1): $36.65 Mln. vs. $24.75 Mln. last year.
-EPS (Q1): $0.28 vs. $0.19 last year.
-Analyst Estimate: $0.57
-Revenue (Q1): $460.86 Mln vs. $318.62 Mln last year.