Kuehne & Nagel Q3 Profit Climbs – Quick Facts

Crane Co. Q3 Earnings Summary

Below are the earnings highlights for Crane Co. (CR):

Earnings: -$59.3 million in Q3 vs. $116.6 million in the same period last year.
EPS: -$1.06 in Q3 vs. $1.96 in the same period last year.
Excluding items, Crane Co. reported adjusted earnings of $1.86 per share for the period.

Analysts projected $1.85 per share
Revenue: $815.1 million in Q3 vs. $893.8 million in the same period last year.

-Guidance:
Full year EPS guidance: $7.58-$7.72

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Helix Energy Solutions Q3 Loss decreases, but misses estimates

Helix Energy Solutions (HLX) reported Loss for third quarter that decreased from last year but missed the Street estimates.

The company’s earnings totaled -$18.76 million, or -$0.12 per share. This compares with -$19.04 million, or -$0.13 per share, in last year’s third quarter.

Analysts on average had expected the company to earn -$0.01 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 50.8% to $272.55 million from $180.72 million last year.

Helix Energy Solutions earnings at a glance (GAAP) :

-Earnings (Q3): -$18.76 Mln. vs. -$19.04 Mln. last year.
-EPS (Q3): -$0.12 vs. -$0.13 last year.
-Analyst Estimates: -$0.01
-Revenue (Q3): $272.55 Mln vs. $180.72 Mln last year.

Logitech Q2 Profit Drops, Reaffirms FY23 Outlook; CFO Nate Olmstead To Step Down

Logitech International (LOGI) reported that its net income for the second quarter of fiscal year 2023 dropped to $82.09 million or $0.50 per share from last year’s $139.46 million or $0.81 per share, reflecting a challenging macroeconomic environment.

Non-GAAP earnings per share declined 20 percent to $0.84 from $1.05 in the same quarter a year ago.

Sales were $1.15 billion, down 12 percent in US dollars and 7 percent in constant currency, compared to the prior year.

Logitech reaffirmed its fiscal year 2023 outlook of between negative 8 percent and negative 4 percent sales growth in constant currency, and between $650 million and $750 million in non-GAAP operating income.

Logitech also announced that Nate Olmstead, chief financial officer, will be leaving the Company. The company will be launching a search and Olmstead currently plans to stay on as CFO through the transition.

UBS Group Q3 Profit Down On Weak Revenues

Swiss banking giant UBS Group AG (UBS) reported Tuesday that its third-quarter net profit attributable to shareholders fell 24 percent to $1.73 billion from last year’s $2.28 billion. Earnings per share were $0.52, compared to $0.63 a year ago.

Profit before tax declined 19 percent from last year to $2.32 billion. Operating expenses decreased 6 percent.

Total revenues were down 10 percent to $8.24 billion from last year’s $9.12 billion.

Net interest income fell 6 percent to $1.60 billion.

Further, the company said it expects to repurchase around $5.5 billion of shares during 2022.

Looking ahead, the company said it remains disciplined on risk management and cost efficiency as it heads into the fourth quarter.

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

HSBC Q3 Profit Down; Lifts FY22 NII View, Cuts FY23 Forecast – Quick Facts

Banking major HSBC Holdings plc (HSBA.L,HSBC) reported Tuesday that its third-quarter profit before tax declined 42 percent to $3.15 billion from last year’s $5.40 billion. Earnings per share were $0.10, down from $0.17 in the prior year.

The latest results included $2.4 billion impairment related to the planned disposal of French retail business.

Adjusted profit before tax was $6.51 billion, compared to $5.51 billion a year ago.

Revenue climbed 28 percent to $14.30 billion from last year’s $11.20 billion.

Looking ahead, the company said its fiscal 2022 net Interest Income has been upgraded to around $32 billion, compared to previously expected net interest income of at least $31 billion.

For fiscal 2023, the company now expects net interest income of at least $36 billion, down from previous estimate of at least $37 billion.

The NII assumptions for 2023 are cautious at this early stage, due to recent volatility in FX and interest rate markets.

Further, the bank said it expects to have a 50 percent dividend payout ratio for FY23 and FY24.

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

Kuehne & Nagel Q3 Profit Climbs – Quick Facts

Kuehne + Nagel International AG (KHNGY), a Swiss transport and logistics company, reported Tuesday that its third-quarter net earnings climbed 19 percent to 688 million Swiss francs from last year’s 578 million francs.

EBITDA grew 14 percent to 1.11 billion francs from 971 million francs a year ago.

Net turnover for the quarter grew 16 percent to 9.97 billion francs from 8.57 billion francs last year.

Stefan Paul, CEO of Kuehne+Nagel, said, “Kuehne+Nagel posted its best-ever nine-months results. However, higher energy prices, broad-based inflation as well as geopolitical tensions drive additional volatility in supply chains. At the same time, the easing in sea and air freight markets translates to some relief for our customers.”

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