Breaking News
Apr 21, 2023
-
Schlumberger NV decreased 5.2% to $49.33 after the offshore oil field contractor said revenue increased 30% to $7.7 billion.
Net income in the quarter soared 83% to $934 million from $510 million and diluted earnings per share rose to 65 cents from 36 cents a year ago.
The oilfield services provider guided full-year 2023 capital expenditure between $2.5 billion and $2.6 billion, higher than $2.3 billion in 2022.
During the quarter the company repurchased 4.4 million of its shares at an average price of $52.65 a share totaling $230 million.
The company's board approved a quarterly cash dividend of $0.25 per share of outstanding common stock, payable on July 13 to stockholders of record on June 7. -
Taiwan Semiconductor Manufacturing Company Ltd said first quarter revenue increased 3.6% to NT$508.6 billion and net income advanced 2.1% to NT$206.99 billion and diluted earnings per share edged up to NT$7.98 from NT$7.82 a year ago.
In the U.S. dollars, revenue in the first quarter declined 4.8% from a year ago to $16.72 billion, a decline of 16.1% from a year ago.
In the Taiwanese dollar, compared to the fourth quarter, revenue decreased 18.7% and net income dropped 30%.
In the first quarter, shipments of 5-nanometer accounted for 31% of total revenue and 7-nanometer 20%.
The advanced semiconductor company guided second quarter revenue between $15.2 billion and $16.0 billion and gross margin between 52% and 54%. -
Pool Corporation said net sales in the first quarter declined 15% to $1.2 billion from $1.4 billion in the first quarter of 2022 following a 33% rise in the period in 2022 and 57% jump in the quarter in 2021.
Because of unusually cold and wet weather in Western U.S., including Arizona and California where base business plunged 21%.
Net income declined 43% to $101.7 million from $179.3 million and diluted earnings per share fell to $2.58 from $4.41 a year ago.
The company updated the annual earnings guidance range to $14.62 to $16.12 per diluted share from the previous estimated range between $16.03 and $17.03.
On February 24, Pool Corp hiked its quarterly dividend to $1.0 a share from 80 cents a year ago payable on March 29 to stockholders of record on March 15. -
Union Pacific Corp said revenue in the first quarter increased 3% to $6.1 billion, driven by 3% increase in fuel surcharge and partially offset by negative volume mix and 1% decline in revenue carloads. Operating ratio deteriorated 270 basis points to 62.1%.
Net income in the quarter was flat at $1.63 billion and earnings per share rose 3% to $2.67 from $2.58 a year ago.
In the first quarter, freight car velocity eased 1% to 196 daily miles per car, locomotive productivity fell 5% to 123 gross ton-miles per horsepower day and average maximum train length was flat at 9,159 feet.
The company repurchased 2.9 million shares in the first quarter at an aggregate cost of $600 million.
The railroad operator guided a capital spending plan for 2023 of $3.6 billion, about 15% of total revenue and dividend payout target of 45% of earnings. -
Alaska Air Group, Inc, the regional airline reported mixed quarterly results and reaffirmed annual outlook. Revenue in the first quarter increased 31% to $2.2 billion and net loss shrank to $142 million from $143 million and diluted loss per share fell to $1.11 from $1.14 a year ago.
The regional airline guided second quarter revenue to rise between 2.5% and 5.5% and full-year 2023 earnings per share between $5.50 and $7.50. -
American Express Company, the payment processor, said revenue rose but net income declined in the first quarter ending in March.
Revenue in the first quarter increased 22% to $14.3 billion and net income fell 13% to $1.8 billion from $2.1 billion and diluted earnings per share declined to $2.40 from $2.73 a year ago. -
AT&T Inc, the telecom company, reported weaker-than-expected quarterly results.
Revenue in the first quarter increased 1.4% to $30.1 billion and net income attributable to common stockholders declined to $4.2 billion from $4.8 billion and earnings per share fell to 57 cents from 65 cents a year ago.
Mobile telephony segment added 572,000 net subscribers in the quarter, slower than at least 650,000 postpaid subscribers in every quarter in 2022.
Fiber subscribers increased 272,000 to 7.8 million in the quarter.
The stock declined 10% to $17.70 after the free cash flow at the end of the quarter fell to $1 billion from $2.8 billion a year ago but the telecom company retained its full-year free cash flow estimate of $16 billion. -
D R Horton Inc, home builder, reported flat revenue and a decline in earnings.
Revenue in the fiscal second quarter ending in March was flat $7.9 billion and net income plunged to $949 million from $1.4 billion and diluted earnings per share fell to $2.73 from $4.03 a year ago.
Net sales orders for the fiscal second quarter fell 5% to 23,142 homes and 11% in value to $8.6 billion compared to 24,340 homes and $9.7 billion in the same quarter a year ago.
The home builder guided full-year 2023 revenue in a range from $31.5 billion to $33.0 billion and estimated home sales between 77,000 and 80,000 units. -
IBM increased 0.4% to $126.84 after the technology company reported better-than-expected earnings.
Revenue in the first quarter increased 0.4% to $14.3 billion and net income increased 41% to $927 million from $733 million and diluted earnings per share rose to $1.02 from 82 cents a year ago.
Free cash flow increased to $1.34 billion from $1.24 billion and long term debt increased to $53.8 billion from $46.2 billion from a year ago.
The company guided full-year 2023 free cash flow to increase $1.0 billion to $10.5 billion and revenue growth between 3% and 5% in constant currency. -
Seagate Technology Holdings PLC declined 7.6% to $58.11 after the disk maker reported weak quarterly results.
Revenue in the fiscal third quarter ending in March declined to $1.8 billion from $2.8 billion and the company swung to a net loss of $433 million from $346 million and diluted earnings per share was ($2.09) compared to $1.56 a year ago.
The company also announced a restructuring plan to reduce its cost structure in the face of market weakness. The plan is expected to be completed by the year's end and cost $150 million.
Seagate forecasted venue in the fiscal fourth quarter decline to $1.7 billion with a band of $150 million and non-GAAP loss per share of 20 cents with a band of 20 cents.
Apr 20, 2023