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Ross Stores Inc. Q1 Income Rises, Beats estimates
Ross Stores Inc. (ROST) announced a profit for its first quarter that increased from last year and beat the Street estimates.
The company’s earnings came in at $371.19 million, or $1.09 per share. This compares with $338.45 million, or $0.97 per share, in last year’s first quarter.
Analysts on average had expected the company to earn $1.06 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 3.7% to $4.49 billion from $4.33 billion last year.
Ross Stores Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $371.19 Mln. vs. $338.45 Mln. last year.
-EPS (Q1): $1.09 vs. $0.97 last year.
-Analyst Estimate: $1.06
-Revenue (Q1): $4.49 Bln vs. $4.33 Bln last year.
-Guidance:
Next quarter EPS guidance: $1.07 to $1.14
Full year EPS guidance: $4.77 to $4.99
Applied Materials Inc. Q2 Profit Increases, beats estimates
Applied Materials Inc. (AMAT) released a profit for its second quarter that increased from last year and beat the Street estimates.
The company’s bottom line totaled $1.58 billion, or $1.86 per share. This compares with $1.54 billion, or $1.74 per share, in last year’s second quarter.
Excluding items, Applied Materials Inc. reported adjusted earnings of $1.69 billion or $2.00 per share for the period.
Analysts on average had expected the company to earn $1.84 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 6.1% to $6.63 billion from $6.25 billion last year.
Applied Materials Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $1.58 Bln. vs. $1.54 Bln. last year.
-EPS (Q2): $1.86 vs. $1.74 last year.
-Analyst Estimate: $1.84
-Revenue (Q2): $6.63 Bln vs. $6.25 Bln last year.
-Guidance:
Next quarter EPS guidance: $1.56 to $1.92
Next quarter revenue guidance: $5.75 – 6.55 Bln
Flowers Foods Inc Q1 Profit Drops, Inline With Estimates
Flowers Foods Inc (FLO) reported a profit for first quarter that decreased from the same period last year in line with the Street estimates.
The company’s earnings came in at $70.7 million, or $0.33 per share. This compares with $85.6 million, or $0.40 per share, in last year’s first quarter.
Excluding items, Flowers Foods Inc reported adjusted earnings of $80.9 million or $0.38 per share for the period.
Analysts on average had expected the company to earn $0.38 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 6.2% to $1.53 billion from $1.44 billion last year.
Flowers Foods Inc earnings at a glance (GAAP) :
-Earnings (Q1): $70.7 Mln. vs. $85.6 Mln. last year.
-EPS (Q1): $0.33 vs. $0.40 last year.
-Analyst Estimates: $0.38
-Revenue (Q1): $1.53 Bln vs. $1.44 Bln last year.
-Guidance:
Full year EPS guidance: $1.15-$1.25
Empower Brands Recalls Waffle Makers After 34 Burn Injuries
Empower Brands has recalled nearly half a million PowerXL Stuffed Wafflizer waffle makers due to risk of getting burned.
According to the Consumer Products Safety Commission, hot pieces of the waffle or stuffing can be expelled from the waffle maker during use or upon opening the product, posing a burn risk to consumers.
The company said it received 44 reports of incidents including 34 burn injuries with three requiring medical attention.
The recall involves PowerXL Model ESWM02 (five inch) and Model ESWM03 (seven inch) Stuffed Wafflizer waffle makers. The waffle makers were sold in 11 colors including black, white, red, cinnamon, gray, lavender, lemon, ocean, slate, seafoam and sage.
The company has asked its customers to immediately stop using the recalled PowerXL Model ESWM02 and Model ESWM03 Stuffed Wafflizer waffle makers and contact Empower Brands to receive a free latch adaptor part and written instructions to complete the repair.
The products were sold at Walmart, Kohls, Big Lots, BJ’s Wholesale Club, Best Buy, The Home Depot, Target, Sam’s Club and other home goods stores nationwide and online at www.QVC.com, www.walmart.com, www.kohls.com and other websites from July 2021 through October 2022 for between $30 and $60.
Driver and passenger die after Denver crash near City Park
A driver and a passenger are dead after a Thursday morning single-vehicle crash in Denver.
The crash happened at East 17th Avenue and Josephine Street, near City Park, when the driver struck a pole, the Denver Police Department said in a 8:37 a.m. tweet.
At 2:08 p.m. police said on Twitter that both the driver and passenger in the crash have died.
A police investigation into the crash is ongoing. The Denver Office of the Medical Examiner will release the names of the two people after their families have been notified.
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DXC Technology Company Q4 Earnings Summary
Below are the earnings highlights for DXC Technology Company (DXC):
Earnings: -$756 million in Q4 vs. $530 million in the same period last year.
EPS: -$3.38 in Q4 vs. $2.14 in the same period last year.
Excluding items, DXC Technology Company reported adjusted earnings of $233 million or $1.02 per share for the period.
Analysts projected $1.03 per share
Revenue: $3.59 billion in Q4 vs. $4.01 billion in the same period last year.