Albemarle’s Q3 Adjusted Earnings Fall, Sales Rise; 2023 Outlook Trimmed

/ / Basic Materials /

Albemarle (ALB) reported Q3 adjusted earnings late Wednesday of $2.74 per diluted share, down from $7.50 a year earlier. Analysts polled by Capital IQ expected $3.74. Net sales for the quarter ended Sept. 30 were $2.31 billion, compared with $2.09 billion a year earlier. Analysts surveyed by Capital IQ expected $2.53 billion. For 2023, the company said it now expects adjusted earnings of $21.50 to $23.50 per diluted share, from a prior outlook of $25 to $29.50. Analysts surveyed by Capital IQ expect $22.96. The company now expects net sales to be between $9.5 billion and $9.8 billion for the year, from its previous range of $10.4 billion to $11.5 billion. Analysts polled by Capital IQ expect $9.62 billion.

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MARRIOTT INTERNATIONAL REPORTS THIRD QUARTER 2023 RESULTS

/ / Consumer Discretionary /

MARRIOTT INTERNATIONAL REPORTS THIRD QUARTER 2023 RESULTS PR Newswire BETHESDA, Md., Nov. 2, 2023 — Third quarter 2023 comparable systemwide constant dollar RevPAR increased 8.8 percent worldwide, 4.3 percent in the U.S. & Canada, and 21.8 percent in international markets, compared to the 2022 third quarter; — Third quarter reported diluted EPS totaled $2.51, compared to reported diluted EPS of $1.94 in the year-ago quarter. Third quarter adjusted diluted EPS totaled $2.11, compared to third quarter 2022 adjusted diluted EPS of $1.69; — Third quarter reported net income totaled $752 million, compared to reported net income of $630 million in the year-ago quarter. Third quarter adjusted net income totaled $634 million, compared to third quarter 2022 adjusted net income of $551 million; — Adjusted EBITDA totaled $1,142 million in the 2023 third quarter, compared to third quarter 2022 adjusted EBITDA of $985 million; — The company added approximately 17,200 rooms

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Duke Energy Reports Third-quarter 2023 Financial Results

/ / Utilities /

Duke Energy reports third-quarter 2023 financial results CHARLOTTE, N.C., Nov. 2, 2023 CHARLOTTE, N.C., Nov. 2, 2023  — Duke Energy (NYSE: DUK) has posted its third-quarter 2023 financial results in a news release available on the company’s website at the following link: duke-energy.com/investors. Lynn Good, chair, president and chief executive officer, and Brian Savoy, executive vice president and chief financial officer, will discuss the company’s financial results and other business and financial updates during an investor presentation at 10 a.m. ET today. The call can be accessed via the investors’ section (duke-energy.com/investors) of Duke Energy’s website or by dialing 833-470-1428 in the U.S. or 929-526-1599 outside the U.S. The confirmation code is 615275. Please call in 10 to 15 minutes prior to the scheduled start time. A recording of the webcast will be available on the investors’ section of the company’s website on Nov. 3. Duke Energy Duke Energy (NYSE:

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Qualcomm’s Fiscal Q4 Non-GAAP Earnings, Revenue Beat Forecasts

/ / Technology /

Qualcomm (QCOM) reported fiscal Q4 non-GAAP earnings late Wednesday of $2.02 per diluted share, down from $3.13 a year earlier. Analysts polled by Capital IQ expected $1.91. Revenue for the quarter ended Sept. 24 was $8.63 billion, down from $11.40 billion a year earlier. Analysts surveyed by Capital IQ expected $8.52 billion. The company said it expects fiscal Q1 non-GAAP EPS of $2.25 to $2.45. Analysts surveyed by Capital IQ are looking for $2.23. Revenue for the first fiscal quarter is projected to be $9.1 billion to $9.9 billion, the company said. Analysts polled by Capital IQ are expecting $9.19 billion.

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Roku Q3 Loss Widens But Revenue Growth Beats Market Expectation

/ / Telecommunications /

Roku (ROKU) on Wednesday reported a Q3 loss of $2.33 per diluted share, widening from $0.88 a year earlier. Analysts polled by Capital IQ expected a loss of $2.10. Revenue for the quarter ended Sept. 30 was $912 million, up from $761.4 million a year earlier. Analysts expected revenue of $855.7 million. The company said it expects Q4 revenue of $955 million. Analysts have forecast sales of $951.3 million.

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Rockwell Automation Reports Fourth Quarter and Full Year 2023 Results; Introduces Fiscal 2024 Guidance

/ / Industrials /

Rockwell Automation Reports Fourth Quarter and Full Year 2023 Results; Introduces Fiscal 2024 Guidance — Fourth quarter reported sales up 20.5% year over year; organic sales up 17.7% year over year — Fourth quarter diluted EPS of $2.61 down (10)% year over year; adjusted EPS of $3.64 up 20% year over year — Full year reported sales up 16.7% year over year; organic sales up 16.9% year over year — Total ARR grew 16% year over year — Full year fiscal 2023 diluted EPS of $11.95 and adjusted EPS of $12.12; up 50% and 28% year over year, respectively — Full year fiscal 2023 cash provided by operating activities of $1.4 billion and free cash flow of $1.2 billion; up 67% and 78% year over year, respectively — Fiscal 2024 guidance: — Reported sales growth of 0.5% – 6.5%; organic sales growth of (2.0)% – 4.0% — Diluted EPS $11.49

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Rockwell Automation Q4 Adj. EPS $3.64 Beats $3.45 Estimate, Sales $2.56B Beat $2.43B Estimate

/ / Industrials /

Rockwell Automation (NYSE:ROK) reported quarterly adjusted earnings of $3.64 per share which beat the analyst consensus estimate of $3.45 by 5.51 percent. This is a 19.74 percent increase over earnings of $3.04 per share from the same period last year. The company reported quarterly sales of $2.56 billion which beat the analyst consensus estimate of $2.43 billion by 5.47 percent. This is a 20.56 percent increase over sales of $2.13 billion the same period last year.

Rockwell Automation Q4 Adj. EPS $3.64 Beats $3.45 Estimate, Sales $2.56B Beat $2.43B Estimate Read Post »

S&P Global Q3 Adj EPS $3.21 Beats $3.05 Estimate, Sales $3.08B Beat $3.02B Estimate

/ / Financials /

S&P Global (NYSE:SPGI) reported quarterly adj earnings of $3.21 per share which beat the analyst consensus estimate of $3.05 by 5.25 percent. This is a 9.56 percent increase over earnings of $2.93 per share from the same period last year. The company reported quarterly sales of $3.08 billion which beat the analyst consensus estimate of $3.02 billion by 2.12 percent. This is a 7.79 percent increase over sales of $2.86 billion the same period last year.

S&P Global Q3 Adj EPS $3.21 Beats $3.05 Estimate, Sales $3.08B Beat $3.02B Estimate Read Post »

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