PerkinElmer Bottom Line Falls In Q3

Nintendo H1 Profit Climbs, Lifts FY Profit View; Stock Up

Video game company Nintendo Co., Ltd. (NTDOY.PK) reported Tuesday that its first-half profit attributable to owners of parent climbed 34.1 percent to 230.45 billion yen from 171.83 billion yen a year ago.

Earnings per share were 197.61 yen, up from 144.69 yen last year.

Operating profit was 220.39 billion yen, up 0.2 percent from the prior year.

Net sales grew 5.2 percent to 656.97 billion yen from 624.27 billion yen a year ago.

Looking ahead, the company now expects profit attributable to owners of parent of 400 billion yen or 343.28 yen per share, down 16.3 percent from last year. Net sales are expected to be 1.65 trillion yen, down 2.7 percent.

The company previously expected profit attributable to owners of parent of 340 billion yen or 289.80 per share, and net sales of 1.60 trillion yen.

Operating profit for the year is still expected to be 500 billion yen, down 15.6 percent from the prior year.

In Japan, Nintendo shares were gaining around 1.7 percent to trade at 6,225 yen.

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Associated British Foods FY22 Earnings Rise

Associated British Foods Plc (ASBFY.PK,ABF.L), a British food processing and retailing firm, on Tuesday reported a rise in earnings and revenue for the fiscal 2022, as demand increassed during the post-pandemic period.

For the 12-month period to September 17, the London-headquartered firm posted a pre-tax income of 1.076 billion pounds, compared with 725 million pounds, a year ago.

After tax, profit was at 720 million pounds or 88.6 pence per share, higher than last year’s 498 million pounds or 60.5 pence per share of 2021.

Operating earnings moved up to 1.178 billion pounds from 808 million pounds, posted for the previous fiscal.

The food company generated revenue of 16.997 billion pounds, compared with 13.884 billion pounds of 2021.

The Board has proposed a final dividend of 29.9 pence a share, to be paid on January 13, 2023, to shareholders of record on December 16. Taken with the interim dividend of 13.8 pence per share, the total dividend of 43.7 pence a share is higher than the total dividend of 40.5 pence per share in 2021.

Looking ahead, the company said: “Our outlook remains unchanged. For the full year, we continue to expect significant growth in sales for the Group, and adjusted operating profit and adjusted earnings per share to be lower than the financial year just closed.”

Oxford Instruments H1 Profit Climbs; Says FY Trading At CC In Line With View

Oxford Instruments plc (OXIG.L) reported Tuesday that its first-half profit before taxation was 26.6 million pounds, up 24.3 percent from 21.4 million pounds last year. Basic earnings per share were 35.9 pence, up 25.1 percent from 28.7 pence a year ago.

Adjusted profit before taxation was 37.3 million pounds, compared to 30.2 million pounds a year ago. Adjusted basic earnings per share were 50.8 pence, compared to 41.2 pence last year.

Revenue was 200.5 million pounds, up 17.9 percent from 170.1 million pounds last year. Revenue growth was 10.2 percent at constant currency.

Orders increased 18.7 percent to 235.3 million pounds from 198.3 million pounds last year. This represented 13.0 percent growth on a constant currency basis.

Further, the Board declared an interim dividend of 4.6 pence per share, up 4.5 percent from last year.

Looking ahead, Ian Barkshire, Chief Executive, said, “We anticipate higher production in the second half, combined with the positive impact of recent price increases as we convert our record order book. This provides good visibility for an expected improvement in trading in the second half, with full-year trading at constant currency remaining in line with expectations.”

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Direct Line Insurance 9-month Adj. Gross Written Premium Down 3.5%

Direct Line Insurance Group Plc (DLG.L) reported that group adjusted gross written premium for the nine-month period of 2021 declined 3.5% to 2.33 billion pounds from the prior year. Outside Home and Motor, Green Flag direct was broadly stable year to date and Commercial continued its strong growth across all channels.

The company noted that trading across the Group was broadly in line with expectations given the challenging market backdrops in Motor and Home, whilst the company continued to deliver strong growth in Commercial.

The current-year underwriting performance remains in line with expectations, however principally due to changes in the phasing of recognition of prior-year reserve releases, the full year 2022 combined operating ratio, normalised for weather, is now expected to be around 98% or moderately above.

The company noted that 2023 and medium-term targets and the outlook for dividend capacity remain unchanged.

PerkinElmer Bottom Line Falls In Q3

PerkinElmer (PKI) revealed a profit for third quarter that decreased from last year

The company’s bottom line totaled $85.35 million, or $0.67 per share. This compares with $127.74 million, or $1.11 per share, in last year’s third quarter.

Excluding items, PerkinElmer reported adjusted earnings of $1.21 per share for the period.

The company’s revenue for the quarter fell 17.4% to $711.80 million from $861.32 million last year.

PerkinElmer earnings at a glance (GAAP) :

-Earnings (Q3): $85.35 Mln. vs. $127.74 Mln. last year.
-EPS (Q3): $0.67 vs. $1.11 last year.
-Revenue (Q3): $711.80 Mln vs. $861.32 Mln last year.

Next quarter EPS guidance: $1.65 – $1.67
Full year EPS guidance: $7.89 – $7.91