Procter & Gamble (NYSE:PG) Announces Fiscal Year 2024 First Quarter Results

/ / Consumer Staples /

Procter & Gamble (NYSE:PG) Announces Fiscal Year 2024 First Quarter Results Net Sales +6%; Organic Sales +7% Diluted EPS and Core EPS $1.83, each +17% UPDATES ALL-IN SALES GROWTH OUTLOOK October 18, 2023– The Procter & Gamble Company (NYSE:PG) reported first quarter fiscal year 2024 net sales of $21.9 billion, an increase of six percent versus the prior year. Organic sales, which excludes the impacts of foreign exchange and acquisitions and divestitures, increased seven percent. Diluted net earnings per share were $1.83, an increase of 17% versus prior year. Operating cash flow was $4.9 billion, and net earnings were $4.6 billion for the quarter. Adjusted free cash flow productivity was 97%, which is calculated as operating cash flow excluding capital spending and certain other items, as a percentage of net earnings. The Company returned $3.8 billion of cash to shareowners via approximately $2.3 billion of dividend payments and $1.5 billion

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ASML Posts Growth in Q3 Net Income, Sales

/ / Technology /

ASML (ASML.AS) said Wednesday that net income and sales gained year over year in the third quarter of 2023. Net income for the three months ended Oct. 1 was 1.89 billion euros, compared with 1.70 billion euros a year ago. EPS was 4.81 euros, compared with 4.29 euros. Net sales of the chip-making equipment maker were 6.67 billion euros, compared with 5.78 billion euros previously. Analysts polled by Visible Alpha were expecting 1.80 billion euros in net income or 4.57 euros per share, while revenue was estimated at 6.69 billion euros. Meanwhile, the board announced an interim dividend of 1.45 euros per share for the period, payable on Nov. 10 to shareholders on record Nov. 2. It paid 1.37 euros per share a year ago. Looking ahead, the Dutch company expects net sales between 6.7 billion euros and 7.1 billion euros for the fourth quarter. It also restated its expectation

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Netflix Reports Earnings Today. Growth Is at Risk. — Barrons.com

/ / Consumer Discretionary /

By Tae Kim Investors are expecting Netflix to give updates about the progress of its ad subscription plan and pricing strategy after the market close. Some analysts are worried changes on either front could dampen future growth. For the third quarter, the consensus for Netflix (ticker: NFLX) is for the company to report revenue of $8.54 billion with earnings per share of $3.49 and 6.1 million in paid net add subscriptions. Analysts’ estimates for the current quarter are EPS of $2.17, net adds of 7.7 million, and $8.78 billion in revenue. Last week, Wolfe analyst Peter Supino lowered his rating to Peer Perform from Outperform for Netflix and removed his $500 price target on the stock, citing worries about growth in the coming years.

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ASML Holding Q3 EPS $5.24 Beats $5.00 Estimate, Sales $7.26B Miss $7.49B Estimate

/ / Technology /

ASML Holding (NASDAQ:ASML) reported quarterly earnings of $5.24 per share which beat the analyst consensus estimate of $5.00 by 4.7 percent. This is a 21.18 percent increase over earnings of $4.32 per share from the same period last year. The company reported quarterly sales of $7.26 billion which missed the analyst consensus estimate of $7.49 billion by 3.04 percent. This is a 24.64 percent increase over sales of $5.83 billion the same period last year.

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