Hilton Worldwide Holdings, Inc. Q4 Profit Beats Estimates

ASE Technology January Net Revenues Decline

ASE Technology Holding Co., Ltd. (ASX) reported that its net revenues for month of January 2023 declined 7.1% to NT$45.13 billion from NT$48.57 billion in the prior year. Sequentially, net revenues for the month dropped 15.1%.

In US dollar terms, net revenues for January 2023 declined 16.1% year-over-year to $1.48 billion. Sequentially, net revenues dropped 14.9 percent.

atm net revenues for the January 2023 were $798 million down 20% from prior year.

Aegon N.V. Q4 Operating Result Up 4%; Announces Share Buyback

Aegon N.V. (AGN.L,AEG) reported that its fourth quarter operating result increased by 4% year-over-year to 488 million euros. At constant currencies, the result decreased by 1%. The Group noted that lower fees due to adverse markets and outflows in US Variable Annuities and Asset Management broadly offset benefits from expense savings, growth initiatives, one-time reserve releases in the Netherlands, and improved claims experience.

Net result attributable to owners of Aegon N.V. was 2.35 billion euros compared to profit of 504 million euros, previous year. The impairment loss from classifying Aegon the Netherlands as held for sale following the transaction with a.s.r. led to net loss for the quarter.

Aegon announced a new 200 million euros share buyback, in line with the company’s intention to return surplus cash capital to shareholders. The share buyback program will commence on February 10, 2023, and is expected to be completed on or before June 30, 2023.

The Group proposed final 2022 dividend of 0.12 euros per common share to be paid in cash, which brings the full year dividend to 0.23 euros per common share. The record date for the dividend will be May 30, 2023, and the dividend will be payable as of June 29, 2023. Aegon intends to move to a cash-only dividend as of the final dividend of 2022.

The Group targets a dividend of around 30 eurocents per common share over 2023.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

Pepsico Inc Q4 Profit Decreases, but beats estimates

Pepsico Inc (PEP) revealed a profit for fourth quarter that decreased from the same period last year but beat the Street estimates.

The company’s earnings came in at $518 million, or $0.37 per share. This compares with $1.32 billion, or $0.95 per share, in last year’s fourth quarter.

Excluding items, Pepsico Inc reported adjusted earnings of $2.31 billion or $1.67 per share for the period.

Analysts on average had expected the company to earn $1.65 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 10.9% to $28.00 billion from $25.25 billion last year.

Pepsico Inc earnings at a glance (GAAP) :

-Earnings (Q4): $518 Mln. vs. $1.32 Bln. last year.
-EPS (Q4): $0.37 vs. $0.95 last year.
-Analyst Estimates: $1.65
-Revenue (Q4): $28.00 Bln vs. $25.25 Bln last year.

Oil Gains For Fourth Day On China Demand Optimism

Oil prices rose for a fourth straight session on Thursday amid optimism over China’s recovering demand.

Supply disruptions caused by a major earthquake in Turkey and easing worries around inflation and interest-rate hikes also supported prices.

German inflation slowed to a five-month low in January as gas subsidy and a mild winter has led to a decrease in energy prices, preliminary data showed earlier today.

Benchmark Brent crude futures edged up 0.2 percent to $85.23 a barrel, while WTI crude futures were up 0.2 percent at $78.59.

Some analysts upgraded growth forecasts for the world’s second-largest economy this year, citing accelerating recovery in consumer spending.

Rating agency Fitch has revised its forecast for China’s economic growth in 2023 to 5.0 percent from 4.1 percent previously, saying that broader economic activity is recovering faster than initially anticipated after lifting of COVID-19 restrictions.

China’s reopening has boosted retail sales and travel. “We have every reason to be confident — indeed optimistic — on the Chinese market,” LVMH Chairman and CEO Bernard Arnault said during an earnings webcast last month.

PepsiCo Q4 Profit Down, Core EPS, Top Line Beat Market; Lifts Dividend; Sees Growth In FY23

Snack and beverage giant PepsiCo Inc. (PEP) reported Thursday that its fourth-quarter net income attributable to the company plunged to $518 million from last year’s $1.32 billion.

Earnings per share fell 61 percent to $0.37 from $0.95 a year ago.

Core earnings per share were $1.67, compared to $1.53 last year.

On average, 17 analysts polled by Thomson Reuters expected earnings of $1.65 per share for the year. Analysts’ estimates typically exclude special items.

Net revenue grew 10.9 percent to $28 billion from prior year’s $25.25 billion. Organic revenue growth was 14.6 percent. Analysts expected revenues of $26.84 billion for the year.

Further, the company announced a 10 percent increase in its annualized dividend to $5.06 per share from $4.60 per share, effective with the dividend expected to be paid in June 2023. The company also plans to repurchase approximately $1.0 billion worth of shares.

Looking ahead for fiscal 2023, PepsiCo expects to deliver 6 percent organic revenue growth and 8 percent core constant currency earnings per share growth.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

Hilton Worldwide Holdings, Inc. Q4 Profit Beats Estimates

Hilton Worldwide Holdings, Inc. (HLT) revealed a profit for fourth quarter that beat the Street estimates.

The company’s bottom line totaled $272 million, or $1.21 per share. This compares with $282 million, or $0.52 per share, in last year’s fourth quarter.

Excluding items, Hilton Worldwide Holdings, Inc. reported adjusted earnings of $434 million or $1.59 per share for the period.

Analysts on average had expected the company to earn $1.22 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 32.6% to $2.44 billion from $1.84 billion last year.

Hilton Worldwide Holdings, Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $272 Mln. vs. $282 Mln. last year.
-EPS (Q4): $1.21 vs. $0.52 last year.
-Analyst Estimates: $1.22
-Revenue (Q4): $2.44 Bln vs. $1.84 Bln last year.

-Guidance:
Next quarter EPS guidance: $1.08 – $1.14