Kulicke And Soffa Industries Q4 Profit Climbs

Copart, Inc. Q1 adjusted earnings Beat Estimates

Copart, Inc. (CPRT) reported a profit for its first quarter that climbed from the same period last year.

The company’s bottom line came in at $260.36 million, or $1.08 per share. This compares with $200.28 million, or $0.83 per share, in last year’s first quarter.

Excluding items, Copart, Inc. reported adjusted earnings of $257.38 million or $1.07 per share for the period.

Analysts had expected the company to earn $1.01 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 36.6% to $810.13 million from $592.94 million last year.

Copart, Inc. earnings at a glance:

-Earnings (Q1): $257.38 Mln. vs. $188.52 Mln. last year.
-EPS (Q1): $1.07 vs. $0.79 last year.
-Analysts Estimate: $1.01
-Revenue (Q1): $810.13 Mln vs. $592.94 Mln last year.

European Economics Preview: UK GDP Data Due

Quarterly national accounts from the UK and economic forecast from EU are due on Thursday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade reports. The economy is expected to expand 1.5 percent sequentially in the third quarter, slower than the 5.5 percent growth in the second quarter.

The UK visible trade deficit is seen at GBP 14.3 billion in September compared to GBP 14.9 billion shortfall in August.

At 4.00 am ET, the European Central Bank publishes economic bulletin.

At 5.00 am ET, the European Commission is set to release Autumn 2021 Economic Forecast.

At 6.00 am ET, consumer price figures are due from Ireland and Portugal.

Tetra Tech Announces Fiscal 2022 Outlook

Engineering services company Tetra Tech Inc. (TTEK) on Wednesday provided outlook for fiscal 2022. In the year ahead, the company expects expects EPS to range from $4.00 between $4.20, and net revenue in $2.60-$2.80 billion range.

On average, 7 analysts polled by Thomson Reuters expect the company to post earnings of $4.11 per share on revenues of $2.68 billion for fiscal 2022.

China Evergrande sells stake in HengTen for $273 mln

Nov 18 (Reuters) – China Evergrande said on Thursday its unit will sell its entire share stake in HengTen for HK$2.13 billion ($273.47 million).

($1 = 7.7889 Hong Kong dollars)

GDP likely to grow 10% in FY22, says Debroy

‘High-frequency markers flag uptrend’

India’s economy is moving towards a higher growth trajectory and is likely to grow at about 10% in 2021-22, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman Bibek Debroy said on Wednesday.

“I am confident we are on a path towards a higher growth trajectory, higher poverty reduction, higher employment, and a prosperous, more developed and better governed India,” Mr. Debroy said at an SBI event.

At the beginning of FY22, forecasts for real growth were in the 8.5-12.5% range, he noted. However, high-frequency indicators including GST revenue, e-way bills, power consumption, vehicle registrations, railway freight, corporate profitability, foreign direct investment inflows and steel consumption had instilled confidence that the real rate of growth would be about 10% this fiscal, he said. For FY23, he expects growth to be in the 6-7.5% range.

He pointed out that with improvement in capacity utilisation, investments were also going to pick up in another six months.

REFILE-China Evergrande sells stake in HengTen for $273 mln

(Corrects to add story identifier, no changes to text)

Nov 18 (Reuters) – China Evergrande said on Thursday its unit will sell its entire share stake in HengTen for HK$2.13 billion ($273.47 million).

Black SUV believed to be connected to shooting of teens in Aurora is found

Aurora police on Wednesday said that they’ve found an SUV believed to be connected with the shooting of teenagers across the street from a high school.

A black Chevrolet Tahoe was located by detectives, police said Wednesday.

On Monday, six victims, who range in age from 14 to 18 and are students at Aurora Central High School, were shot in Nome Park, which is nearby the school. Two of the teenage victims remained in the hospital Tuesday.

Police are also looking for a black Chrysler 300 sedan believed to be associated with the shooting. An investigation is ongoing.

Sonic Healthcare 4-month Revenue Up 5%

Sonic Healthcare Limited (SHL.AX,SKHCF.PK) reported that its revenue for the four months ended October 31, 2021 rose 5 percent to A$3.09 billion from the last year, while earnings before interest, taxes, depreciation and amortisation or EBITDA climbed 16 percent to A$991 million.

The company told shareholders at its annual meeting that it continues to support governments, healthcare authorities and communities with COVID-19 pandemic control initiatives in its seven countries of operation.

The company said it has performed about 36 million COVID-19 PCR tests to date, as well as COVID-19 serology testing and in some markets, COVID-19 whole genome sequencing to aid identification of variants.

In Australia, Sonic has provided more than 1 million COVID-19 vaccinations to the community through special purpose high volume hubs and through its network of more than 200 medical centre.

Kulicke And Soffa Industries Q4 Profit Climbs

Kulicke and Soffa Industries Inc. (KLIC) reported that its fourth-quarter net income climbed to $133.71 million or $2.10 per share from $15.78 million or $0.25 per share in the prior year.

Non-GAAP net income per share was $2.17 compared to $0.35 last year.

Quarterly revenue was $485.33 million, up from $177.69 million in the prior year.

Analysts polled by Thomson Reuters expected the company to report earnings of $2.13 per share and revenues of $480.98 million for the fourth quarter. Analysts’ estimates typically exclude special items.

The company expects non-GAAP earnings per share for the first fiscal quarter of 2022 to be about $1.88, plus or minus 10%, and net revenue about $460 million, plus or minus $20 million. Analysts expect the company to report earnings of $1.54 per share and revenues of $411.65 million for the first quarter.