Movers: CSX, HCA Healthcare, PPG Industries, Procter & Gamble, SLB

Scott Peters
21 Apr, 2023
New York City

CSX Corporation increased 2.8% to $31.69 after the railroad operator reported first quarter results. 

Revenue increased 9% to $3.7 billion and net earnings rose 15% to $987 million from $859 million and diluted earnings per share rose to 48 cents from 39 cents a year ago. 

HCA Healthcare Inc increased 5.1% to $284.67  after the hospital operator reported quarterly results that exceeded expectations. 

Revenue in the first quarter increased 3% to $15.6 billion from $14.95 billion and net income edged up to $1.54 billion from $1.46 billion and diluted earnings per share advanced to $4.85 from $4.14 a year ago. 

The company lifted its full-year revenue range between $62.5 billion and $64.5 billion from the previous outlook to between $61.5 billion and $63.5 billion. 

Net income range was revised higher to between $4.76 billion and $5.16 billion from $4.525 billion and $4.895 billion. 

Earnings per share range was revised higher to between $17.25  and $18.55 from the previous outlook between $16.40 and $17.60.   

Procter & Gamble rose 3.7% to $156.50 after the consumer products maker reported better-than-expected quarterly results. 

P&G said revenue in the fiscal third quarter ending in March increased 4% to $20.1 billion, driven by 10% increase in prices and 3% decline in volume. 

Net income attributable to common stockholders increased 1% to $3.39 billion from $3.35 billion and diluted earnings per share rose to $1.37 from $1.33 a year ago.  

The company revised its full-year sales guidance to increase 1% from the previous estimated range between decline of 1% and in-line. 

PPG Industries increased 0.8% to $142.55 after the company lifted its full-year outlook. 

Revenue increased 2% to $4.3 billion and net income soared to $264 million from $18 million and diluted earnings jumped to $1.11 from 8 cents a year ago. 

The company guided flat sales in the second quarter and earnings per share between $1.92 and $2.02 and adjusted earnings per share in the full-year 20223 between $6.95 and $7.25, excluding amortization charges and non-cash pension settlement charges.   

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.