PulteGroup Q3 EPS $2.90 Beats $2.84 Estimate, Sales $4.00B Miss $4.02B Estimate

/ / Consumer Discretionary /

PulteGroup (NYSE:PHM) reported quarterly earnings of $2.90 per share which beat the analyst consensus estimate of $2.84 by 2.11 percent. This is a 7.81 percent increase over earnings of $2.69 per share from the same period last year. The company reported quarterly sales of $4.00 billion which missed the analyst consensus estimate of $4.02 billion by 0.50 percent. This is a 1.50 percent increase over sales of $3.94 billion the same period last year.

PulteGroup Q3 EPS $2.90 Beats $2.84 Estimate, Sales $4.00B Miss $4.02B Estimate Read Post »

Halliburton Announces Third Quarter 2023 Results

/ / Energy /

Halliburton Announces Third Quarter 2023 Results — Net income of $0.79 per diluted share. — Revenue of $5.8 billion and operating margin of 17.9%. — International revenue growth of 17% year on year. — Repurchases of approximately $200 million of common stock. HOUSTON—-October 24, 2023– Halliburton Company (NYSE: HAL) announced today net income of $716 million, or $0.79 per diluted share, for the third quarter of 2023. This compares to net income for the second quarter of 2023 of $610 million, or $0.68 per diluted share and adjusted net income(1) , excluding the loss on transactions in Argentina, of $691 million, or $0.77 per diluted share(2) . Halliburton’s total revenue for the third quarter of 2023 was $5.8 billion, flat when compared to the second quarter of 2023. Operating income was $1.0 billion in the third quarter of 2023, a 3% increase when compared to the second quarter of 2023.

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General Electric Swings to Q3 Adjusted Earnings, Revenue Rises; Company Plans to Spin Off GE Vernova in Q2 2024

/ / Industrials /

General Electric (GE) reported Q3 adjusted earnings Tuesday of $0.82 per share, swinging from a loss of $0.17 per share a year earlier. Analysts polled by Capital IQ expected $0.56. Revenue for the quarter ended Sept. 30 was $17.35 billion, compared with $14.47 billion a year earlier. Analysts surveyed by Capital IQ expected $15.69 billion. For 2023, the industrial conglomerate said it now expects adjusted earnings of $2.55 to $2.65 per share, from prior outlook range of $2.10 to $2.30. Analysts surveyed by Capital IQ expect $2.34. The company also said it now expects organic revenue growth in the low teens, from its previously announced guidance of a low-double-digit growth rate. Separately, the company said it plans to spin off GE Vernova and launch GE Aerospace at the beginning of Q2 2024. GE Vernova will trade on the New York Stock Exchange under the symbol “GEV,” while GE Aerospace will

General Electric Swings to Q3 Adjusted Earnings, Revenue Rises; Company Plans to Spin Off GE Vernova in Q2 2024 Read Post »

Coca-Cola Reports Third Quarter 2023 Results and Raises Full-Year Guidance

/ / Consumer Staples /

Coca-Cola Reports Third Quarter 2023 Results and Raises Full-Year Guidance Global Unit Case Volume Grew 2% Net Revenues Grew 8%; Organic Revenues (Non-GAAP) Grew 11% Operating Income Grew 6%; Comparable Currency Neutral Operating Income (Non-GAAP) Grew 13% Operating Margin Was 27.4% Versus 27.9% in the Prior Year; Comparable Operating Margin (Non-GAAP) Was 29.7% Versus 29.5% in the Prior Year EPS Grew 9% to $0.71; Comparable EPS (Non-GAAP) Grew 7% to $0.74 Coca-Cola Reports Third Quarter 2023 Results and Raises Full-Year Guidance ATLANTA–(BUSINESS WIRE)–October 24, 2023– The Coca-Cola Company today reported third quarter 2023 results, reflecting continued momentum from the first half of the year. “We delivered an overall solid quarter and are raising our full-year topline and bottom-line guidance in light of our year-to-date performance,” said James Quincey, Chairman and CEO of The Coca-Cola Company. “Our leading portfolio of brands, coupled with an aligned and motivated system, positions us to

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Verizon Reports Strong 3Q Results Momentum, Raises Free Cash Flow Guidance

/ / Telecommunications /

Verizon reports strong 3Q results momentum, raises free cash flow guidance Company ended the quarter with approximately 10.3 million broadband subscribers, an increase of nearly 21 percent year over year Year-to-date cash flow from operations increased approximately $600 million year over year, and year-to-date free cash flow(1) increased $2.2 billion year over year 3Q 2023 highlights Consolidated: — $1.13 in EPS, compared with $1.17 in third-quarter 2022; adjusted EPS1, excluding special items, of $1.22, compared with $1.32 in third-quarter 2022. — Total operating revenue of $33.3 billion, a decrease of 2.6 percent from third-quarter 2022. — Year-to-date cash flow from operations of $28.8 billion, an increase from $28.2 billion in 2022. — Free cash flow1 year-to-date was $14.6 billion, an increase from $12.4 billion in 2022. — Net income of $4.9 billion, a decrease of 2.8 percent from third-quarter 2022, and consolidated adjusted EBITDA1 of $12.2 billion, up 0.2 percent

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