Consolidated Edison Inc. Q4 Profit Decreases, but beats estimates
Consolidated Edison Inc. (ED) announced earnings for fourth quarter that decreased from last year but beat the Street estimates.
The company’s bottom line totaled $190 million, or $0.53 per share. This compares with $224 million, or $0.63 per share, in last year’s fourth quarter.
Excluding items, Consolidated Edison Inc. reported adjusted earnings of $288 million or $0.81 per share for the period.
Analysts on average had expected the company to earn $0.80 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 17.8% to $4.03 billion from $3.42 billion last year.
Consolidated Edison Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $190 Mln. vs. $224 Mln. last year.
-EPS (Q4): $0.53 vs. $0.63 last year.
-Analyst Estimates: $0.80
-Revenue (Q4): $4.03 Bln vs. $3.42 Bln last year.
AptarGroup Inc. Q4 Profit Rises
AptarGroup Inc. (ATR) announced earnings for its fourth quarter that increased from the same period last year
The company’s earnings came in at $59.00 million, or $0.89 per share. This compares with $57.61 million, or $0.85 per share, in last year’s fourth quarter.
Excluding items, AptarGroup Inc. reported adjusted earnings of $61.01 million or $0.92 per share for the period.
The company’s revenue for the quarter fell 2.2% to $795.91 million from $813.99 million last year.
AptarGroup Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $59.00 Mln. vs. $57.61 Mln. last year.
-EPS (Q4): $0.89 vs. $0.85 last year.
-Revenue (Q4): $795.91 Mln vs. $813.99 Mln last year.
-Guidance:
Next quarter EPS guidance: $0.85 – $0.93
Agnico-Eagle Mines Ltd Reports Advance In Q4 Income
Agnico-Eagle Mines Ltd (AEM) reported earnings for its fourth quarter that increased from the same period last year
The company’s bottom line totaled $205 million, or $0.45 per share. This compares with $101.4 million, or $0.41 per share, in last year’s fourth quarter.
Excluding items, Agnico-Eagle Mines Ltd reported adjusted earnings of $185.4 million or $0.41 per share for the period.
The company’s revenue for the quarter rose 45.3% to $1.38 billion from $0.95 billion last year.
Agnico-Eagle Mines Ltd earnings at a glance (GAAP) :
-Earnings (Q4): $205 Mln. vs. $101.4 Mln. last year.
-EPS (Q4): $0.45 vs. $0.41 last year.
-Revenue (Q4): $1.38 Bln vs. $0.95 Bln last year.
Applied Materials Inc. Q1 Profit Beats Estimates
Applied Materials Inc. (AMAT) revealed earnings for first quarter that beat the Street estimates.
The company’s bottom line totaled $1.72 billion, or $2.02 per share. This compares with $1.79 billion, or $2.00 per share, in last year’s first quarter.
Excluding items, Applied Materials Inc. reported adjusted earnings of $1.72 billion or $2.03 per share for the period.
Analysts on average had expected the company to earn $1.93 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 7.5% to $6.74 billion from $6.27 billion last year.
Applied Materials Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $1.72 Bln. vs. $1.79 Bln. last year.
-EPS (Q1): $2.02 vs. $2.00 last year.
-Analyst Estimates: $1.93
-Revenue (Q1): $6.74 Bln vs. $6.27 Bln last year.
-Guidance:
Next quarter EPS guidance: $1.66 to $2.0
Next quarter revenue guidance: $6.00 – $6.80 Bln
QBE Insurance FY Profit Rises
QBE Insurance Group (QBE.AX,QBEIF.PK) reported that its profit after income tax attributable to ordinary equity holders of the company fiscal year 2022 rose to US$770 million or 48.2 US cents per share from US$750 million or 47.2 US cents per share in the prior year.
Adjusted cash profit after tax increased to US$847 million from US$805 million in the prior year.
Gross earned premium revenue were A$19.07 billion up from A$17.04 billion in the previous year.
The company expects 2023 constant currency Gross written premium growth to be in the mid-to-high single digits.
The final dividend for 2022 is 30 Australian cents per share, compared with the 2021 final dividend of 19 Australian cents per share. The final dividend will be 10% franked and is payable on 14 April 2023.
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Hong Kong Jobless Rate Falls To 3-Year Low Of 3.4%
Hong Kong’s unemployment rate decreased for the ninth month in a row in January to the lowest level in three years, the labor force statistics from the Census and Statistics Department showed on Thursday.
The seasonally adjusted unemployment rate fell slightly to 3.4 percent in the November to January period from 3.5 percent in the October to December period.
Further, this was the lowest unemployment rate since the November to January period in 2020, when it was also 3.4 percent.
The underemployment rate also fell to 1.4 percent in the three months to January from 1.5 percent in the preceding period.
Read more: Hong Kong Retail Sales Rebound In December
The number of unemployed decreased by around 7,600 to 118,400. Data showed that total employment rose by around 3,100 to 3.66 million in the November to January period.
Analysed by sector, the combined unemployment rate of the consumption- and tourism-related sectors fell by 0.2 percentage point from the preceding three-month period to 4.5 percent in the November to January period.
“With the economic activities gradually returned from the epidemic to normalcy, coupled with a rebound in inbound tourism alongside the full resumption of normal travel between Hong Kong and the Mainland, the labour market conditions in the coming months should be further improved,” the Secretary for Labor and Welfare Chris Sun said.