Two-wheeler sales continue to rise; TVS, Enfield, Yamaha show growth
Manufacturers anticipate ‘healthy’ sales in festive season
Sales of two wheelers continued to rise in October, even as automakers increased production volume anticipating ‘huge’ sales in the ongoing festive season.
Combined sales at two-and three-wheeler manufacturer TVS Motor Co. Ltd. rose 22% in October to 3.95 lakh units from a year earlier. Two-wheeler sales grew by 24% to 3.82 lakh units, of which domestic market accounted for 3.01 lakh units, an increase of 19% over the corresponding year-ago period, TVS Motor said in a statement.
Motorcycle sales grew 38% to 1.73 lakh units and scooter sales by 5% to 1.27 lakh units. TVS‘s total exports grew 33% to 92,520 units. Japanese 2-wheeler manufacturer Yamaha Motor India’s (YMI) total sales rose 31% to 60,176 units. YMI has seen growth in sales volume consecutively over the past 4 months, following the lifting of the COVID-led lockdown.
YMI expects sales in November to beat the preceding months. Domestic sales at motorbike maker Royal Enfield contracted 7% to 63,000 while exports shrank 9% to 4,000 units.
Commercial vehicle manufacturer Ashok Leyland saw marginal growth of 1% in total volume (domestic and exports) for October to 9,989 units.
Alliant Energy Corp Reports Increase In Q3 Earnings
Alliant Energy Corp (LNT) reported earnings for its third quarter that climbed from last year.
The company’s earnings came in at $246 million, or $0.98 per share. This compares with $226 million, or $0.94 per share, in last year’s third quarter.
Analysts had expected the company to earn $0.88 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter fell 7.1% to $920 million from $990 million last year.
Alliant Energy Corp earnings at a glance:
-Earnings (Q3): $246 Mln. vs. $226 Mln. last year.
-EPS (Q3): $0.98 vs. $0.94 last year.
-Analysts Estimate: $0.88
-Revenue (Q3): $920 Mln vs. $990 Mln last year.
Full year EPS guidance: $2.40 – $2.46
The state is known for its vote counting. But this time, it might make news for how quickly it counts.
By Lisa Lerer
Trump Once Again Claims He ‘Prepaid’ His Taxes And Gets Mocked By Twitter Users
Most presidential candidates use the last day before an election articulating their vision for the next four years.
President Donald Trump spent his insisting that, contrary to various reports, he’s actually paid a lot of money in federal income tax.
Back in September, The New York Times reported that Trump only paid $750 in federal income taxes in both 2016 and 2017.
The president dismissed the report as “fake news,” and later claimed that he has actually “prepaid” millions of dollars in taxes.
Many Twitter users were very skeptical about the president’s claim since he’s never actually released the tax returns that would prove it.
Some people wondered why the president was bringing this up the day before the election.
U.S. Cyber Command Expands Operations to Hunt Hackers From Russia, Iran and China
Building on a 2018 effort, Cyber Command sent teams to Europe, the Middle East and Asia to learn more about how adversaries could threaten the election this year.
By Julian E. Barnes
Silicon Motion Technology Corp. Q3 adjusted earnings Beat Estimates
Silicon Motion Technology Corp. (SIMO) revealed a profit for its third quarter that increased from the same period last year.
The company’s earnings came in at $24.27 million, or $0.70 per share. This compares with $4.21 million, or $0.12 per share, in last year’s third quarter.
Excluding items, Silicon Motion Technology Corp. reported adjusted earnings of $26.68 million or $0.76 per share for the period.
Analysts had expected the company to earn $0.67 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 14.0% to $126.0 million from $110.5 million last year.
Silicon Motion Technology Corp. earnings at a glance:
-Earnings (Q3): $26.68 Mln. vs. $24.42 Mln. last year.
-EPS (Q3): $0.76 vs. $0.69 last year.
-Analysts Estimate: $0.67
-Revenue (Q3): $126.0 Mln vs. $110.5 Mln last year.
Next quarter revenue guidance: $130 – $139 Mln
Nutrien Ltd. Q3 adjusted earnings of $0.23 per share
Below are the earnings highlights for Nutrien Ltd. (NTR.TO):
-Earnings: -$587 million in Q3 vs. $141 million in the same period last year.
-EPS: -$1.03 in Q3 vs. $0.24 in the same period last year.
-Excluding items, Nutrien Ltd. reported adjusted earnings of $131 million or $0.23 per share for the period.
-Revenue: $4.21 billion in Q3 vs. $4.17 billion in the same period last year.
Full year EPS guidance: $1.60 – $1.85
Steris Q2 Profit Rises
Steris plc (STE) Monday reported second-quarter net income of $105.9 million or $1.23 per share, up from $94.8 million or $1.11 per share last year.
Adjusted earnings for the quarter were $1.48 per share, up from $1.32 per share last year.
Revenues increased 3% to $756.1 million from $736.8 million last year, with growth in Life Sciences and Applied Sterilization Technologies somewhat offset by a decline in Healthcare.
Analysts polled by Thomson Reuters expected earnings of $1.27 per share and revenues $722.87 million.