Southwest Airlines Co. (LUV) Q4 2023 Earnings Call Transcript Summary

/ / Consumer Discretionary /

The following is a summary of the Southwest Airlines Co. (LUV) Q4 2023 Earnings Call Transcript: Financial Performance: Southwest Airlines reported a record Q4 2023 with an operating revenue of just over $6.8 billion. The company benefited from about $1.5 billion in incremental year-over-year pre-tax profit from its network optimization efforts and strategic initiatives. Reported annual profits of $996 million, with Q4 net income of $233 million. Q4 unit cost excluding special items was down 16% year-over-year. The Q4 average fuel price was $3 per gallon, reduced guidance for Q1 and full year. The company returned $428 million to shareholders through dividend payments in 2023. Operating revenues of over $1 billion in Q4, an increase from Q4 2019. Full year 2023 operating revenue was a record $26 billion, showing a nearly 10% year-over-year growth. The airline reported a record number of passengers carried in the fourth quarter. Anticipates year-over-year double-digit […]

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Blackstone Inc. (BX) Q4 2023 Earnings Call Transcript Summary

/ / Financials /

The following is a summary of the Blackstone Inc. (BX) Q4 2023 Earnings Call Transcript: Financial Performance: Blackstone’s Q4 featured active investment activity, with $31 billion deployed, up 2.5 times from Q3. The firm achieved gross returns of 16.4% in private credit strategies and 13% in liquid credit. Blackstone’s corporate private equity operating companies reported healthy revenue growth of 7% YoY in Q4. They raised nearly $5 billion in Q4. Blackstone’s total AUM increased 7% year-over-year to record levels. Total inflows for the year reached nearly $150 billion. Base management fees rose 7% to a record $6.5 billion. Fee-related earnings were stable at $4.3 billion for the year or $3.58 per share. Blackstone reported GAAP net income of $109 million for the Q4. Distributable earnings were $1.4 billion or $1.11 per common share in Q4. Business Progress: The firm foresees growth in their insurance channel, predicting AUM will reach $250

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Intel Reports Fourth-Quarter and Full-Year 2023 Financial Results

/ / Technology /

Intel Reports Fourth-Quarter and Full-Year 2023 Financial Results News Summary — Fourth-quarter revenue was $15.4 billion, up 10 percent year-over-year (YoY). Full-year revenue was $54.2 billion, down 14 percent YoY. — Fourth-quarter earnings per share (EPS) attributable to Intel was $0.63; non-GAAP EPS attributable to Intel was $0.54. Full-year EPS attributable to Intel was $0.40; non-GAAP EPS attributable to Intel was $1.05. — Forecasting first-quarter 2024 revenue of $12.2 billion to $13.2 billion; expecting first-quarter EPS attributable to Intel of $(0.25) (non-GAAP EPS attributable to Intel of $0.13). SANTA CLARA, Calif.–(BUSINESS WIRE)–January 25, 2024– Intel Corporation today reported fourth-quarter and full-year 2023 financial results. “We delivered strong Q4 results, surpassing expectations for the fourth consecutive quarter with revenue at the higher end of our guidance,” said Pat Gelsinger, Intel CEO. “The quarter capped a year of tremendous progress on Intel’s transformation, where we consistently drove execution and accelerated innovation, resulting

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KLA Guides For Q3 EPS of $4.66-$5.86 on Revenue of $2.3 Billion, +/-$125 Million, Vs CIQ Analyst Consensus of $5.86/Share on Revenue of $2.5 Billion

/ / Technology /

KLA Guides For Q3 EPS of $4.66-$5.86 on Revenue of $2.3 Billion, +/-$125 Million, Vs CIQ Analyst Consensus of $5.86/Share on Revenue of $2.5 Billion.

KLA Guides For Q3 EPS of $4.66-$5.86 on Revenue of $2.3 Billion, +/-$125 Million, Vs CIQ Analyst Consensus of $5.86/Share on Revenue of $2.5 Billion Read Post »

Intel 4Q Sales Rebound Offers Hope for PC Demand

/ / Technology /

Intel sales rebounded in the fourth quarter, offering a signal of a strengthening PC market. The company says revenue rose 10% to $15.4 billion in 4Q, surpassing analysts estimates. The sales improvement helps Intel swing back to a profit, posting per-share earnings of 63 cents, ahead of the 21 cents forecast by analysts. The company’s computing segment saw revenue rise 33% from a year ago, helping offset a decline in data center and AI. Shares fall 6% to $46.58 after-hours.

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Intel Reports Increase in Earnings, Revenue; Shares Slide in Late Trade After Q1 Outlook Trails Street Views

/ / Technology /

Intel (INTC) late Thursday reported non-GAAP Q4 net income of $0.54 per share, improving on net income of $0.15 per share during the same quarter in 2022. Analysts polled by Capital IQ, on average, had been looking for normalized earnings of $0.45 per share by the chipmaker. Revenue for the three months ended Dec. 31 rose to $15.41 billion, compared with $14.04 billion a year ago. The analyst consensus was for $15.17 billion. Intel is projecting a non-GAAP profit of $0.13 per share on between $12.2 billion to $13.2 billion in revenue for the current quarter ending March 31. The Street sees the company earning $0.32 per share in Q1 on revenue of $14.15 billion. Intel shares were nearly 7% lower in extended trading.

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KLA 2Q Profit Falls Amid Continued Demand Weakness

/ / Technology /

KLA’s profit fell in the fiscal second quarter as the company continued to grapple with weaker demand. The Milpitas, Calif.-based company, which makes equipment for the semiconductor industry, posted a profit of $582.5 million, or $4.28 a share, in the quarter ended Dec. 31, compared with $978.8 million, or $6.89 a share, a year earlier. Analysts polled by FactSet expected per-share earnings of $5.66. Stripping out certain one-time items, adjusted per-share earnings came to $6.16, ahead of the $5.91 forecast by analysts, according to FactSet. Revenue fell to $2.49 billion from $2.98 billion a year earlier, beating the $2.46 billion expected by analysts polled by FactSet. “While market conditions remain challenging in the near-term, with limited visibility regarding the timing of a resumption in sustainable demand, we believe our business has stabilized around current revenue levels,” said Chief Executive Rick Wallace. The company is forecasting fiscal third quarter revenue of

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KLA Fiscal Q2 Non-GAAP Earnings, Revenue Decline

/ / Technology /

KLA (KLAC) reported fiscal Q2 non-GAAP diluted earnings late Thursday of $6.16 a share, down from $7.38 a year earlier. Analysts polled by Capital IQ expected $5.88 normalized. Revenue in the quarter ended Dec. 31 fell to $2.49 billion from $2.98 billion a year earlier. Analysts surveyed by Capital IQ expected $2.46 billion. The company said it expects fiscal Q3 non-GAAP diluted earnings of $5.26 a share, plus or minus $0.60. Analysts surveyed by Capital IQ expect $5.86 normalized. The company expects revenue in Q3 of $2.3 billion, plus or minus $125 million. Analysts polled by Capital IQ expect $2.46 billion. Shares of the company fell 5.1% in after-hours activity.

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Boeing Woes Weigh On Suppliers

/ / Industrials /

Aerospace supplier Hexcel says it’s yet to hear of any changes to the master production schedule for 737 output, but pledged not to be a bottleneck for planned rises at Boeing or Airbus. Still, the prospect of curtailed MAX output weighed on some suppliers, with Hexcel, Spirit AeroSystems and Montana Aerospace all shedding around 8%, and ATI down 5%. Boeing closed down almost 6%, pegging its market value decline since the Alaska Airlines incident around $30 billion.

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Visa Beats Q1 Earnings And Revenue Estimates, Issues Net Revenue Outlook

/ / Industrials /

Visa Inc. (NYSE:V) shares are trading lower in Thursday’s after-hours session after the company reported its first-quarter financial results. Here’s an overview of the metrics which are moving the stock. What To Know: Visa reported quarterly earnings of $2.41 per share which beat the analyst consensus estimate of $2.34 by 2.99%. Revenue clocked in at $8.60 billion, surpassing the analyst expectations of $8.54 billion, a 8.37% increase over sales of $7.94 billion the same period last year. Payments volume increased 8% while total cross-border volume rose 16%, on a year-over-year basis. Additionally, cash, cash equivalents and investment securities were $21.4 billion as of Dec. 31. Visa also stated that it sees second-quarter net revenue growth in the upper mid to high single-digit range while full-year net revenue growth is expected to be in the low double-digit range. “Our 2024 fiscal year is off to a solid start. In our first quarter, net

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