Intuitive Surgical (ISRG) reported late Thursday Q3 non-GAAP earnings of $1.46 per diluted share, up from $1.19 a year earlier. Analysts polled by Capital IQ expected $1.42. Revenue for the quarter ended Sept. 30 was $1.74 billion, up from $1.56 billion a year earlier. Analysts surveyed by Capital IQ expected $1.77 billion.
Intuitive Surgical Q3 Non-GAAP Earnings, Revenue Increase Read Post »
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lift our 12-month target price by $5 to $200, valuing MMC shares at 23.3x our 2024 EPS estimate of $8.60 (upped by $0.20) and at 21.2x our 2025 EPS estimate of $9.45 (raised by $0.15), versus its five-year average forward multiple of 22.4x and the peer average of 21.2x. We increase our 2023 EPS estimate by $0.25 to $7.95 after Q3 EPS of $1.57 versus $1.18 topped our $1.38 EPS estimate and the $1.39 consensus view on 10% higher revenues and wider operating margins. We lift our 2023 revenue forecast to growth of 10%-14% after YTD revenues rose 12%. We also raise our 2024 revenue forecast to 8%-12% (from 7%-10), as MMC continues to benefit from a strong insurance pricing environment and the lack of any
CFRA Keeps Hold Opinion On Shares Of Marsh & Mclennan Companies, Inc. Read Post »
Intuitive Surgical posted higher third-quarter profit due to a double-digit increase in procedures using its robotic-surgery system. The Sunnyvale, Calif.-based company on Thursday reported a profit of $415.7 million , or $1.16 share, compared with a profit of $324 million, or 90 cents a share, in the same quarter last year. Excluding one-time items, the company reported earnings of $1.46 a share. Analysts recently polled by FactSet expected $1.42 a share. Revenue rose 12% to $1.74 billion, compared with analyst expectations of $1.77 billion. Instruments and accessories revenue rose by 23% to $1.07 billion, helped by a 19% increase in procedures using its da Vinci system and higher prices. The company said its installed base of da Vinci systems stood at 8,285 at the end of the third-quarter, up 13% from a year ago.
Intuitive Surgical 3Q Profit Up On More Procedures Using Its Robotic-Surgery System Read Post »
CSX is seeing early signs of freight volumes improving in the fourth quarter. Chief Commercial Officer Kevin Boone says on a call with analysts that most of the rail operator’s markets are improving sequentially, based on October volume trends so far. Agricultural and food products and forest products saw the biggest drop in shipments in the third-quarter as overall volumes are flat year-on-year. While mills, which produce wood products, are still taking downtime, Boone sees improvements in food in the fourth quarter as the Midwest harvest boosts volumes.
CSX Seeing Early Signs Of Better 4Q Volumes Read Post »
Deutsche Bank analyst Lauren Silberman initiates coverage on Domino’s Pizza (NYSE:DPZ) with a Buy rating and announces Price Target of $430.
Deutsche Bank announces Domino’s Pizza (NYSE:DPZ) Price Target of $430 Read Post »
Deutsche Bank analyst Brian Mullan initiates coverage on Starbucks (NASDAQ:SBUX) with a Buy rating and announces Price Target of $118.
Deutsche Bank announces Starbucks (NASDAQ:SBUX) Price Target of $118 Read Post »
American Airlines reports third-quarter 2023 financial results FORT WORTH, Texas, Oct. 19, 2023 — American Airlines Group Inc. (NASDAQ: AAL) today reported its third-quarter 2023 financial results, including: — Record third-quarter revenue of approximately $13.5 billion. — GAAP third-quarter net loss of $545 million, or ($0.83) per diluted share. — Excluding net special items1, third-quarter net income of $263 million, or $0.38 per diluted share. — Record third-quarter completion factor, best among U.S. network carriers. — Ended the third quarter with approximately $13.5 billion of total available liquidity. — Reduced total debt2 by $1.4 billion in the third quarter. — Credit rating upgraded by Fitch, Moody’s and Standard & Poor’s during the third quarter. “The American Airlines team continues to produce strong results,” said American’s CEO Robert Isom. “Our team is delivering record-setting reliability and operational performance. We are executing on our plans and remain well-positioned for the future, supported
American Airlines Reports Third-quarter 2023 Financial Results Read Post »
American Airlines Q3 Adj. EPS 38 Cents Vs. 69 Cents a Year Ago, Beats the FactSet Consensus 25 Cents.
Blackstone (NYSE:BX) reported quarterly earnings of $0.94 per share which missed the analyst consensus estimate of $1.01 by 6.93 percent. This is a 11.32 percent decrease over earnings of $1.06 per share from the same period last year. The company reported quarterly sales of $2.32 billion which missed the analyst consensus estimate of $2.51 billion by 7.49 percent. This is a 10.42 percent decrease over sales of $2.59 billion the same period last year.
AT&T reached a key milestone in the third quarter. Gains from the company’s next-generation fiber network offset losses from its legacy non-fiber footprint, generating net gains for the consumer broadband business. Excluding DSL and AT&T’s nascent fixed-wireless access service, the company eked out a net consumer broadband gain of 15,000, including fiber gains of 296,000. That propelled AT&T’s broadband revenues almost 10% higher, lifted by a nearly 27% gain in consumer fiber revenue. The company raises its full-year broadband revenue growth outlook to at least 7%, up from at least 5%.
AT&T’s Fiber Gains Offset Non-Fiber Losses Read Post »
Citigroup analyst Stephen Trent maintains United Airlines Holdings (NASDAQ:UAL) with a Buy and lowers the price target from $76 to $71.
Citigroup lowers United Airlines Holdings (NASDAQ:UAL) price target from $76 to $71 Read Post »
American Airlines Group (AAL) reported Q3 adjusted earnings Thursday of $0.38 per diluted share, down from $0.69 a year earlier. Analysts polled by Capital IQ expected $0.26. Total operating revenue for the quarter ended Sept. 30 was $13.48 billion, compared with $13.46 billion a year earlier. Analysts surveyed by Capital IQ expected $13.54 billion. For Q4, the airline said it expects break-even adjusted earnings per diluted share. Analysts surveyed by Capital IQ expect earnings of $0.09. For 2023, the company said it now expects adjusted EPS of $2.25 to $2.50 per diluted share, down from its prior outlook of $3 to $3.75. Analysts polled by Capital IQ expect $2.36.