Ashland Inc. Q4 adjusted earnings Beat Estimates
Ashland Inc. (ASH) revealed a profit for fourth quarter that declined from last year.
The company’s earnings came in at $5 million, or $0.07 per share. This compares with $411 million, or $6.71 per share, in last year’s fourth quarter.
Excluding items, Ashland Inc. reported adjusted earnings of $60 million or $0.99 per share for the period.
Analysts had expected the company to earn $0.75 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
Revenue came in at $609 million, equal to the mark posted in the same period last year.
Ashland Inc. earnings at a glance:
-Earnings (Q4): $60 Mln. vs. $47 Mln. last year.
-EPS (Q4): $0.99 vs. $0.77 last year.
-Analysts Estimate: $0.75
-Revenue (Q4): $609 Mln vs. $609 Mln last year.
Coherent Q4 Profit Rises
Coherent Inc. (COHR) Tuesday reported fourth-quarter net income of $7.7 million or $0.32 per share, compared to $0.6 million or $0.03 per share last year.
Adjusted earnings for the quarter rose to $1.01 per share from $0.89 per share last year. Analysts polled by Thomson Reuters estimated earnings of $0.80 per share for the quarter.
Revenues for the quarter dropped to $316.8 million from $335.5 million last year. Analysts had a consensus revenue estimate of $309.64 million.
Sanmina Corporation Q4 adjusted earnings Beat Estimates
Sanmina Corporation (SANM) revealed a profit for its fourth quarter that rose from the same period last year.
The company’s profit totaled $51.61 million, or $0.75 per share. This compares with $19.76 million, or $0.27 per share, in last year’s fourth quarter.
Excluding items, Sanmina Corporation reported adjusted earnings of $75.42 million or $1.10 per share for the period.
Analysts had expected the company to earn $0.77 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter fell 1.1% to $1.87 billion from $1.89 billion last year.
Sanmina Corporation earnings at a glance:
-Earnings (Q4): $75.42 Mln. vs. $60.61 Mln. last year.
-EPS (Q4): $1.10 vs. $0.84 last year.
-Analysts Estimate: $0.77
-Revenue (Q4): $1.87 Bln vs. $1.89 Bln last year.
Next quarter EPS guidance: $0.75 – $0.85
Next quarter revenue guidance: $1.70 – $1.80 Bln
Spark Networks Boosts FY20 Revenue Outlook – Quick Facts
Dating company Spark Networks SE (LOV) on Tuesday raised its total revenue guidance for the full-year 2020 to a range of $230 million to $232 million from the prior guidance range of $224 million to $228 million.
The company also continues to project adjusted EBITDA between $34 million and $36 million.
“We continue to make good progress in delivering our 2020 plan, setting a strong foundation for future growth. We will continue to work on driving key product enhancements, improving our balance sheet and becoming a domestic filer in 2021,” said Eric Eichmann, Chief Executive Officer.
Oxford Instruments H1 Profit, Orders Rise; Sees FY Results Ahead Of Current Analyst Forecasts
Oxford Instruments plc (OXIG.L), a provider of high technology products and systems, reported Tuesday that its first-half profit before tax grew 6.9 percent to 20.2 million pounds from last year’s 18.9 million pounds.
Adjusted profit before tax was 23.7 million pounds, compared to 25.8 million pounds a year ago. Adjusted basic earnings per share was 32.8 pence, compared to 36 pence last year.
Adjusted operating profit fell 7.3 percent from last year to 24.3 million pounds. Adjusted operating margin of 17.3 percent improved from 16.6 percent last year.
Revenue for the quarter declined 11 percent to 140.3 million pounds from 157.6 million pounds last year, affected by customer site closures and the introduction of new covid-related working practices.
Reported orders went up 6.0 percent to 175.7 million pounds. Order book was 204.6 million pounds, up 16.9 percent from 175.0 million as of March 31.
Looking ahead, Ian Barkshire, Chief Executive, said, “… robust trading during the first half, combined with a strong order book, gives us confidence for the second half, absent a material increase in covid-related disruption that could impact facility or customer site access. We expect full-year performance to be a little behind last year on a constant currency basis, ahead of current analyst forecasts.”
Sean Hannity’s Diatribe At Victorious Democrats Turns Into Stunning Self-Own
Fox News host and sore loser Sean Hannity continued to push unsubstantiated claims of widespread voter fraud in the presidential election won by Democrat Joe Biden.
The diehard Donald Trump disciple told his viewers Monday that “we” would not submit to the Democrats while questions (again, unfounded) remained.
And he ranted. With the graphic “THEY HATE YOU” beside him, Hannity launched a broadside at the left that didn’t really hit the intended target.
“We’re supposed to forget their vicious, vile attacks over the last four years,” Hannity said. “Well, excuse me, I’m sorry, that’s not how this is going to work. At least not in this program, during this hour and other hours of friends of our here. I won’t and cannot ―we cannot ― be intimidated into silence. We’re not gonna be lectured by the same media frauds and Democrats ― the ones that called us chumps, irredeemable deplorables, sexist, racist, Islamaphobe, homophobe, smelly Walmart shoppers.
“Yeah, we cling to our god, our guns, our Constitution, our religion and bibles while they have been fueling blind rage every second, every hour of every day.”