Breaking News
Jan 31, 2023
  • Corning Inc said fourth quarter loss was primarily driven by restructuring charges and non-cash, mark-to-market adjustments associated with the currency hedging contracts and yen denominated debt.
  • GLW
  • Corning said revenue in the Q4 decreased 7% to $3.4 billion and the company swung to a net loss of $36 million from a profit of $287 million and diluted EPS was (0.04) compared to 56 cents a year ago.
  • GLW
  • Moody's Corp board increased quarterly dividend by 10% to 77 cents a share payable to shareholders on record February 24 on March 17.
  • MCO
  • Moody's Corp said revenue in the fourth quarter fell 16% to $1.3 billion and net income plunged 71% to $246 million and diluted EPS dropped to $1.34 from $2.28 a year ago.
  • MCO
  • Match Group said Tinder direct revenue was flat over the prior year quarter with a 3% increase in paying subscribers to 10.8 million and fell 1% to 16.1 million across all sites.
  • MTCH
  • Match Group said fourth quarter revenue declined 2% to $786 million and swung to a net income of $84.5 million from $168.7 million and diluted EPS was 31 cents from 60 cents a loss.
  • MTCH
  • PayPal Inc said it plans to lay off 2,000 or about 7% of its staff amid rising economic uncertainties.
  • PYPL
  • 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.
  • AMD
  • 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.
  • SNAP
  • 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.
  • AMD
  • 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.
  • SNAP
  • 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.
  • BEN
  • 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.
  • SANM
  • 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.
  • IP
  • 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.
  • 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.
  • Switzerland-based UBS AG said fourth quarter revenue fell 9% to $8 billion and net income rose to $1.65 billion from $1.34 billion and diluted EPS increased to 50 cents from 38 cents a year ago.
  • UBS
  • PulteGroup said average home price rose 17% to $571,000 and home closings increased 3% to 8,848 in the fourth quarter, home order backlog fell 32% to 12,162 and declined 22% to $7.6 billion.
  • PHM
  • PulteGroup said total revenue increased 18% to $5.2 billion and net income increased 33%to $882.2 million and earnings per share rose to $3.85 from $2.61 a year ago.
  • PHM
  • Exxon Mobil said fourth quarter 2022 revenue increased 12.3% to $95.4 billion and net income surged 45% to $12.8 billion and diluted earnings per share increased to $3.09 from $2.08 a year ago.
  • XOM
  • UPS said fourth quarter revenue increased 2.7% to $27 billion and net income increased 11.6% to $3.45 billion and diluted earnings per share rose to $3.96 from $3.52 a year ago.
  • UPS
  • Caterpillar said fourth quarter revenue increased 20% to $16.6 billion and net income in the quarter declined to $1.45 billion and diluted earnings per share fell to $2.79 from $3.91 a year ago.
  • CAT
  • General Motors said fourth quarter sales increased 28.4% to $43.1 billion and net income increased 14.8% to $1.99 billion and diluted earnings per share rose to $1.39 from $1.16 a year ago.
  • GM
  • McDonald's said fourth quarter sales declined 1% to $5.9 billion and net income increased 16% to $1.6 billion and diluted earnings per share rose to $2.59 from $2.18 a year ago.
  • MCD