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Agilent Technologies Q1 sales increase
Agilent Technologies (A) revealed a profit for first quarter of $283 million
The company’s earnings came in at $283 million, or $0.93 per share. This compares with $288 million, or $0.93 per share, in last year’s first quarter.
Excluding items, Agilent Technologies reported adjusted earnings of $368 million or $1.21 per share for the period.
The company’s revenue for the quarter rose 7.7% to $1.67 billion from $1.55 billion last year.
Agilent Technologies earnings at a glance (GAAP) :
-Earnings (Q1): $283 Mln. vs. $288 Mln. last year.
-EPS (Q1): $0.93 vs. $0.93 last year.
-Revenue (Q1): $1.67 Bln vs. $1.55 Bln last year.
Next quarter EPS guidance: $1.10 to $1.12
Next quarter revenue guidance: $1.595 – $1.625 Bln
Full year EPS guidance: $4.80 to $4.90
Full year revenue guidance: $6.67 – $6.73 Bln
European Economics Preview: UK Inflation Data Due
Consumer and producer price figures from the UK are due on Wednesday, headlining a light day for the European economic news.
At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for January. Consumer price inflation is forecast to remain unchanged at 5.4 percent in January. Output price inflation is seen at 9.1 percent, down from 9.3 percent in December.
In the meantime, GDP data is due from Norway. The Mainland-Norway is forecast to grow at a slower pace of 1.2 percent after rising 2.6 percent in the third quarter.
At 5.00 am ET, Eurostat is scheduled to issue euro area industrial production for December. Economists forecast production to rise 0.3 percent, slower than the 2.3 percent increase in November.
In the meantime, Greece unemployment data is due for December.
Diamondback Energy, Inc. Q4 Earnings Summary
Below are the earnings highlights for Diamondback Energy, Inc. (FANG):
Earnings: $1.00 billion in Q4 vs. -$0.74 billion in the same period last year.
EPS: $5.54 in Q4 vs. -$4.68 in the same period last year.
Excluding items, Diamondback Energy, Inc. reported adjusted earnings of $0.66 billion or $3.63 per share for the period.
Revenue: $2.02 billion in Q4 vs. $0.77 billion in the same period last year.
Facebook Parent Meta To Pay $90 Mln To Settle Privacy Lawsuit
Meta Platforms Inc. (FB), the parent company of social media giant Facebook, has agreed to pay $90 million to settle a 2012 lawsuit that accuses the company of tracking users even after they logged out of their accounts.
A preliminary settlement proposal was filed on Monday night with the U.S. District Court in San Jose, California. It requires approval from the federal judge. Plaintiffs affected by Facebook’s improper data tracking will receive portions of the $90 million. Meta will also delete all of the data it wrongfully collected from those users.
The lawsuit was filed after it was found that Facebook tracked users even after they completely logged off the social network. Users, usually agree to being tracked while they are logged into Facebook, however, the tracking was supposed to end upon logout, according to the end-user licensing agreement.
If the settlement is approved, it would be one of the 10 largest penalties ever paid in the US for violating user privacy.
“Plaintiffs calculate that the Settlement Fund represents disgorgement of at least 100% of the additional net profits during the Settlement Class Period related to the data the Lead Plaintiffs alleged was wrongfully obtained,” the statement from the law firm of DiCello Levitt Gutzler reads.
The case was dismissed in June 2017, but was revived in April 2020 by a federal appeals court, which said users could try to prove that Facebook profited unjustly and violated their privacy. Facebook’s further effort to get the case dismissed by the U.S. Supreme Court was unsuccessful.
Home Depot Shares Slip 5% On Tepid FY22 Outlook
Shares of home improvement retailer The Home Depot (HD) are down 5 percent on Tuesday after the company projected that for fiscal 2022, earnings per share growth will be in low single digits. Sales growth and comparable sales growth are expected to be slightly positive.
Fourth quarter net earnings were $3.4 billion, or $3.21 per share, compared to $2.9 billion, or $2.65 per share, a year ago. Analysts on average had expected the company to earn $3.17 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
Sales were $35.7 billion, an increase of 10.7 percent. Comparable sales for the fourth quarter increased 8.1 percent, and comparable sales in the U.S. increased 7.6 percent.
Currently trading at $331.43, the stock has traded between $246.59 and $420.61 during the past 52 weeks.
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Kratos Defense & Security Solutions, Inc. Q4 Earnings Summary
Below are the earnings highlights for Kratos Defense & Security Solutions, Inc. (KTOS):
Earnings: -$2.6 million in Q4 vs. $78.1 million in the same period last year.
EPS: -$0.02 in Q4 vs. $0.62 in the same period last year.
Excluding items, Kratos Defense & Security Solutions, Inc. reported adjusted earnings of $13.7 million or $0.11 per share for the period.
Analysts projected $0.09 per share
Revenue: $211.6 million in Q4 vs. $206.4 million in the same period last year.