Breaking News
Jan 31, 2023
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UniCredit said revenue in the fourth quarter increased 25.4% to €5.4 billion and net income rose to €1.04 billion from €338 million and gross bad loans dropped 46% to €2.4 billion from a year ago.
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Sweden-based Tele2 AB said net profit increased to SEK 1.25 billion from SEK 953 million and earnings per share rose to SEK 1.82 from SEK 1.39 a year ago.
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Intl Paper said fourth quarter revenue was flat $5.1 billion and swung to a net loss of $318 million from $951 million and diluted EPS was a loss of 90 cents from a profit of 28 cents a year ago.
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Sanmina said revenue in the fiscal first quarter 2023 ending in December rose 41% to $2.4 billion and net income soared 51% to $88.4 million and diluted EPS rose to $1.48 from 89 cents a year ago.
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Franklin Resources said revenue in the fiscal first quarter 2023 rose 1% to $1.97 billion and net income dropped 29% to $165 .6 million and diluted EPS fell to 32 cents from 46 cents a year ago.
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Snap said Q4 revenue rose 0.1% to $1.3 billion and the company swung to a net loss of $288 million from a profit of $23 million and diluted EPS was 18 cents loss compared to 1 cent profit a year ago.
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AMD said revenue in the fourth quarter increased 16% to $5.6 billion and net income dropped 98% to $21 million from $974 million and diluted EPS dropped to 1 cent from 80 cents a year ago.
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Snap said daily active users increased 17% to 375 million including 2 million paying subscribers in the fourth quarter and the company generated a second full-year of free cash flow of $55 million.
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Advanced Micro Devices said the company swung to a quarterly loss in the fourth quarter on $1.4 billion amortization charge for intangibles linked to Xilinx acquisition.
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PayPal Inc said it plans to lay off 2,000 or about 7% of its staff amid rising economic uncertainties.
