Capgemini FY Profit Up 34% – Quick Facts

Nordson Q1 Results Miss Estimates; Updates FY Outlook

Nordson Corp. (NDSN) reported that its net income for the first quarter ended January 31, 2023 declined to $104.26 million or $1.81 per share from $120.41 million or $2.05 per share in the prior year.

Adjusted net income was $112 million, a $9 million decrease from the prior year earnings of $122 million. The decrease was driven by increased interest expense and foreign currency losses. First quarter 2023 adjusted earnings per share were $1.95, a 6% decrease over the prior year adjusted earnings per share of $2.07. Analysts polled by Thomson Reuters expected the company to report earnings of $1.97 per share for the quarter. Analysts’ estimates typically exclude special items.

Sales were $610.48 million, comparable to the prior year’s first quarter sales of $609.17 million. The increase in first quarter 2023 sales included an organic increase of 1% and a favorable acquisition impact of 3%, offset by unfavorable currency translation of 4%. The organic sales increase was driven by strong 9% combined growth in Europe and the Americas, partially offset by weakness in Asia Pacific, predominantly China. Analysts expected revenue of $623.88 million for the quarter.

The company updated its full-year 2023 revenue growth guidance to 0% to 3% over record fiscal 2022 and narrowed its adjusted earnings guidance to the range of $8.75 to $9.50. Analysts expect annual earnings of $9.45 per share.

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Helix Energy Solutions Q4 Results Top Estimates; To Repurchase Up To $200 Mln Of Shares

Helix Energy Solutions Group Inc. (HLX) reported net income of $2.71 million or $0.02 per share, for the fourth quarter 2022 compared to net loss of $25.91 million or $0.17 per share in the fourth quarter 2021. Analysts polled by Thomson Reuters expected the company to report break even per share for the fourth quarter. Analysts’ estimates typically exclude special items.

The company said its fourth quarter results were aided by a healthy oil and gas market, seasonally adjusted but strong Robotics operations, and ongoing contribution from its Alliance acquisition.

Net revenues for the quarter grew to $287.82 million from $168.66 million in the prior year. Analysts expected revenue of $253.54 million for the quarter.

Helix Energy Solutions announced that its board has authorized a repurchase program for up to $200 million of Helix’s issued and outstanding shares.

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U.S. Leading Economic Index Dips Much Less Than Expected In January

A report released by the Conference Board on Friday showed its reading on leading U.S. economic indicators fell by much less than expected in the month of January.

The Conference Board said its leading economic index dipped by 0.3 percent in January after falling by a revised 0.8 percent in December.

Economists had expected the leading economic index to decrease by 0.8 percent compared to the 1.0 percent slump originally reported for the previous month.

Ataman Ozyildirim, Senior Director, Economics, at the Conference Board, noted deteriorating manufacturing new orders, consumers’ expectations of business conditions, and credit conditions more than offset strengths in labor markets and stock prices.

“While the LEI continues to signal recession in the near term, indicators related to the labor market—including employment and personal income—remain robust so far,” said Ozyildirim.

He added, “Nonetheless, The Conference Board still expects high inflation, rising interest rates, and contracting consumer spending to tip the U.S. economy into recession in 2023.”

Meanwhile, the report said the coincident economic index inched up by 0.2 percent in January after showing no change in December.

The lagging economic index also crept up by 0.2 percent in January following a 0.6 percent increase in the previous month.

Sohu.com Posts Loss In Q4; Online Game Revenues Down 16%

Sohu.com Limited (SOHU) reported a fourth-quarter net loss from continuing operations attributable to Sohu.com of $7.09 million compared to profit of $3.59 million, last year. Loss per share from continuing operations was $0.21 compared to profit of $0.09. Non-GAAP net loss attributable to Sohu.com of $2 million, compared with net income of $0.2 million, prior year.

Total revenues declined to $160.40 million from $192.99 million, previous year. Brand advertising revenues were $29 million, down 14% year-over-year. Online game revenues were $121 million, down 16% year-over-year. The company said the year-over-year decrease was mainly due to the natural decline of older games, including Little Raccoon: Heroes and TLBB PC.

For the first quarter, Sohu estimates: non-GAAP net loss attributable to Sohu.com to be between $15 million and $25 million; and GAAP net loss attributable to Sohu.com to be between $20 million and $30 million. Brand advertising revenues is projected to be between $20 million and $23 million; this implies an annual decrease of 3% to 16%. Online game revenues are projected to be between $121 million and $131 million; this implies an annual decrease of 17% to 23%.

As of December 31, 2022, cash and cash equivalents, short-term investments and long-term time deposits totaled approximately $1.44 billion.

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Capgemini FY Profit Up 34% – Quick Facts

Capgemini SE (CGEMY.PK,CAPP), a French IT services and consulting company, reported that its group share-net profit for the fiscal year ended December 31, 2022 rose 34% year-on-year to 1.55 billion euros, while basic earnings per share increased 32% to 9.09 euros.

Normalized earnings per share adjusted for the transitional tax expense was 11.52 euros, up 25% from the prior year.

Bookings totaled 23.72 billion euros in 2022, a year-on-year increase of 16.8% at constant exchange rates, representing a book-to-bill ratio for the year of 1.08.

Annual revenues were 21.995 billion euros up 21.1% from the prior year. Constant currency revenues growth was 16.6%. Organic revenues growth, excluding the impact of currency fluctuations and changes in Group scope, was 15.3%.

The company said its board has decided to recommend the payment of a dividend of 3.25 euros per share at the Shareholders’ Meeting of May 16, 2023. The corresponding payout ratio is 35% of net profit (Group share), in line with the Group’s distribution policy.

Looking ahead for fiscal year 2023, the company projects organic free cash flow to be around 1.8 billion euros, operating margin of 13.0% to 13.2% and revenue growth of 4% to 7% at constant currency.

The company said it is confident in its ability to further strengthen its position with clients and expand its market share.

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