Cardinal Health Inc Q4 Profit Increases, but misses estimates

Singulus Technologies Turns To Profit In Q2, Orders Down; Sees Growth In FY22

Singulus Technologies AG (SGTSF.PK,SGTSY.PK), a developer of machines and systems for efficient thin-film coating and surface treatment processes, reported Thursday that its second-quarter earnings before interest and taxes or EBIT was 1.4 million euros, compared to previous year’s loss of 5.0 million euros.

In the second quarter, sales were 22.8 million euros, higher than last year’s 11.0 million euros.

Order intake amounted to 27.1 million euros, slightly lower than prior year’s 28.0 million euros. The order backlog increased further and reached 104.0 million euros, higher than 86.4 million euros last year.

Looking ahead for fiscal 2022, the company expects an increase in sales and earnings figures, on IFRS basis, compared with the past business years 2020 and 2021.

Stefan Rinck, CEO, said, “Despite the persistently difficult environment, in particular in connection with disrupted supply chains and the Russia-Ukraine war, we also expect the operating earnings before interest and taxes (EBIT) to develop positively for the current year.”

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Metro AG Posts Loss For Q3, But Sales Rise; Confirms Annual Outlook

Metro AG (MTTWF.PK), a German wholesaler, on Thursday posted a loss for the third-quarter, despite an increase in revenues for the same period. In addition, for the fiscal 2022, the company confirmed its sales and earnings outlook.

The company said its third quarter was hurt mainly by the macroeconomic volatility, negative effect of currency, as well as loss from the sale of the Belgian business amounting to over 400 million euros.

For the third-quarter, the-Düsseldorf headquartered firm reported a loss before taxes of 227 million euros, compared with a profit before taxes of 90 million euros last year.

Net loss for the period was 290 million euros or 0.80 euro per share, compared with a profit of 63 million euros or 0.17 euro per share of the previous year quarter.

EBIT stood at 88 million euros, versus last year’s 126 million euros.
EBITDA moved down to 305 million euros, from 325 million euros, recorded a year ago. However, adjusted EBITDA rose to 441 million euros, versus previous year’s 310 million euros.

Metro generated sales of 7.91 billion euros, higher than 6.24 billion euros during the corresponding quarter of the previous fiscal.

Looking ahead, for the fiscal 2021-22, the company confirmed its previous outlook. Accordingly, the wholesaler still expects its annual adjusted EBITDA to grow by around 150 million euros – 230 million euros from previous year.

The company also projects annual sales to grow by approximately 17 percent to 22 percent from last year.

‘We Are Living Things’ Review: The Truth Is Out There

Two undocumented immigrants from opposite sides of the world connect in Brooklyn — and over their shared trauma relating to apparent alien abductions.

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By Austin Considine

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‘Secret Headquarters’ Review: You Know, for Kids

A group of plucky tweens get in on some superhero action in this kid-friendly action comedy.

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By Calum Marsh

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‘Girl Picture’ Review: Teens on Thin Ice

This Finnish comedy about three high school girls grants them a judgment-free sanctuary.

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By Amy Nicholson

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‘Mack & Rita’ Review: 70 Is the New 30

An influencer emerges from a tanning bed 40 years older in this playful movie starring Diane Keaton.

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By Lisa Kennedy

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Cardinal Health Inc Q4 Profit Increases, but misses estimates

Cardinal Health Inc (CAH) released a profit for its fourth quarter that increased from last year but missed the Street estimates.

The company’s earnings totaled $138 million, or $0.50 per share. This compares with $116 million, or $0.40 per share, in last year’s fourth quarter.

Excluding items, Cardinal Health Inc reported adjusted earnings of $289 million or $1.05 per share for the period.

Analysts on average had expected the company to earn $1.17 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 10.6% to $47.10 billion from $42.59 billion last year.

Cardinal Health Inc earnings at a glance (GAAP) :

-Earnings (Q4): $138 Mln. vs. $116 Mln. last year.
-EPS (Q4): $0.50 vs. $0.40 last year.
-Analyst Estimate: $1.17
-Revenue (Q4): $47.10 Bln vs. $42.59 Bln last year.