Brewin Dolphin FY21 Profit Climbs, Lifts Dividend – Quick Facts

Autodesk Tightens FY Outlook; Shares Down 10%

Autodesk Inc. (ADSK) Tuesday tightened its outlook for the full year 2022. Shares of the company tanked over 10% in the extended trading hours.

Looking forward to the full year 2022, the software company now expects adjusted earnings of $4.98 to $5.04 per share and revenues of $4.36 billion to $4.38 billion.

Previously, the company expected adjusted earnings of $4.91 to $5.06 per share and revenues of $4.35 billion to $4.39 billion.

Analysts polled by Thomson Reuters currently estimate earnings of $4.99 per share on revenues of $4.37 billion for the year.

For the fourth quarter, the company expects adjusted earnings of $1.41 to $1.47 per share and revenues of $1.19 billion to $1.20 billion. Analysts currently estimate earnings of $1.46 per share on revenues of $1.20 billion.

For the third quarter, the company reported net income of $136.7 million or $0.61 per share, up from $132.2 million or $0.59 per share last year. Excluding items, adjusted earnings for the quarter were $365.0 million or $1.33 per share for the period. Analysts polled by Thomson Reuters had expected earnings of $1.26 per share.

Revenues for the quarter rose 18% to $1.13 billion from $952.4 million last year. Analysts had a consensus revenue estimate of $1.12 billion for the quarter.

ADSK closed Tuesday’s trading at $304.00, down $6.48 or 2.09%, on the Nasdaq. The stock further slipped $35.10 or 11.55% in the after-hours trading.

Column: As a report of Matt Nagy’s imminent firing swirls, the Chicago Bears leave their coach to fend for himself. Whether it’s after Thursday’s game or before Week 17, the end seems near. – The Denver Post

Scouting report

Opinion | Can Liberals Survive Progressivism?

Send any friend a story

As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share.

By Bret Stephens

Opinion Columnist

Dog the Bounty Hunter rips bail reform: 'People are dying'

Dog the Bounty Hunter: ‘People are dying’ so let’s get ‘back to right way’

Duane Chapman says we need to ‘get these guys voted out’ on ‘Fox News Primetime’

Duane Chapman – better known as “Dog the Bounty Hunter” – slammed the Democrats’ push for bail reform on “Fox News Primetime,” saying we “tried it your way and people are dying.”

DOG THE BOUNTY HUNTER: [W]e need more fairer cops. We need more fairer laws. We need more fairer jails. It doesn’t mean you need free bail. It’s not working. A monetary thing is a punishment. You want to steal a car. It’s going to cost you $7500, which is $7500 to get out of jail. You’re going to put up collateral and you’re going to have a parent or someone you’re related to sign so they can find you if you run.

We need to get down there and get these guys voted out. Now you tried it your way and people are dying. Let’s go back to the right way.

WATCH THE FULL INTERVIEW BELOW

Johnson Matthey H1 Underlying Profit Rises; Sales Up 21% – Quick Facts

Johnson Matthey PLC (JMAT.L) said it delivered a resilient trading performance for the half year. Underlying sales were up 21%, driven by a strong recovery in Clean Air and Efficient Natural Resources. For the year ending 31st March 2022, the Group’s expectations are unchanged from trading update on 11th November. For 2021/22, the Group anticipates growth in underlying operating performance to be low single digit at constant precious metals prices and constant currency.

For the six months ended 30th September 2021, underlying operating profit increased to 293 million pounds from 151 million pounds, prior year. Underlying earnings per share increased to 114.8 pence from 47.7 pence.

Loss before tax was 9 million pounds compared to profit of 26 million pounds, prior year. Loss per share was 14.8 pence compared to profit of 12.3 pence. Revenue increased to 8.59 billion pounds from 6.98 billion pounds. Sales excluding precious metals was 1.94 billion pounds compared to 1.68 billion pounds.

The board approved an interim dividend of 22.0 pence per share, an increase of 10% against the prior year. The interim dividend will be paid on 1st February 2022 to shareholders on the register at 3rd December 2021. The board has also approved a share buyback of 200 million pounds that will commence in the New Year.

Brewin Dolphin FY21 Profit Climbs, Lifts Dividend – Quick Facts

Wealth management company Brewin Dolphin Holdings PLC (BRW.L) reported Wednesday that its fiscal 2021 profit before tax climbed 16.7 percent to 72.5 million pounds from last year’s 62.1 million pounds.

Earnings per share were 18.3 pence, up 15.1 percent from prior year’s 15.9 pence.

Adjusted profit before tax was 90.9 million pounds, compared to 78.2 million pounds a year ago. Adjusted earnings per share were 23.8 pence, compared to 20.6 pence last year.

Total income for the period increased 12.3 percent to 405.9 million pounds from prior year’s 361.4 million pounds, driven by strong market performance and record discretionary gross inflows.

Total funds increased 19.5 percent over the last 12 months to 56.9 billion pounds.

Final dividend per share up 12.1 percent to 11.1p, taking total to 15.7p per share (2020 final: 9.9p per share, total 14.3p per share).

Further, the Board is proposing a final dividend of 11.1p per share, up 12.1 percent from last year. This takes total dividend for the year to 15.7p per share, up from last year’s 14.3p per share.

Looking ahead for fiscal 2022, the company expects commission income to be similar to annualised fourth quarter, 2021, and operating costs to grow mid to high single digit percent.

The company said it is well placed to serve the growing demand for financial advice and capture market share through widening distribution channels, offering a broad range of propositions and investment solutions to all demographics.