Coca-Cola (NYSE:KO) Q4 2022 Non-GAAP Earnings Unchanged. Revenue Higher

/ / Consumer Staples /

Coca-Cola (NYSE:KO) reported Q4 non-GAAP earnings Tuesday of $0.45 per diluted share, Analysts polled by Capital IQ expected $0.45. Revenue for the quarter ended Dec. 31 was $10.13 billion, Analysts polled by Capital IQ expected $9.92 billion. The company said it expects non-GAAP earnings for full year 2023 to grow 4% to 5%. Analysts polled by Capital IQ expect $2.56 per share.

Coca-Cola (NYSE:KO) Q4 2022 Non-GAAP Earnings Unchanged. Revenue Higher Read Post »

Coca-Cola (NYSE:KO): 2022 net revenue increased 11% year-over-year to $43 billion

/ / Consumer Staples /

Coca-Cola (NYSE:KO) Releases Fourth Quarter and Full Year 2022 Financial Results: In the fourth quarter of 2022, the company’s net revenue was $10.1 billion, up 7% year-over-year; Earnings per share were $0.47, down 16% year-over-year. For the full year 2022, the company’s net revenue was $43 billion, up 11% year-over-year; Earnings per share were $2.19, down 3% year-over-year. In addition, for the full year 2022, cash flow from operating activities was $11.0 billion, down 13% year-over-year; Free cash flow (non-GAAP) was $9.5 billion, down 15% year-over-year.

Coca-Cola (NYSE:KO): 2022 net revenue increased 11% year-over-year to $43 billion Read Post »

Airbnb, Inc. (NASDAQ:ABNB) Fiscal 2022 Revenue of $8.4 Billion Guidance for Q1 2023 beat analyst expectations

/ / Consumer Discretionary /

Airbnb, Inc. (NASDAQ:ABNB) released its fiscal year 2022 results: revenue of $8.4 billion, up 40% year-over-year, beating analysts’ expectations of $8.36 billion, and net profit of $1.893 billion, compared to a net loss of $352 million last year. For the first quarter of fiscal 2023, Airbnb gave guidance on revenue of $1.75 billion to $1.82 billion, beating analysts’ expectations of $1.69 billion. For the full fiscal year 2023, Airbnb expects the company to maintain the same strong adjusted EBITDA margin as it did in fiscal 2022, as incremental variable cost efficiencies and fixed-cost disciplines offset the negative impact of lower daily average home price figures.

Airbnb, Inc. (NASDAQ:ABNB) Fiscal 2022 Revenue of $8.4 Billion Guidance for Q1 2023 beat analyst expectations Read Post »

Deutsche Bank: Raised CME Group Inc. (NASDAQ:CME) price target to $218 Maintain Buy rating

/ / Financials / ,

Deutsche Bank analyst Brian Bedell raised its price target on CME Group Inc. (NASDAQ:CME) to $218 from $200 and maintained a buy rating on the stock. The analyst told investors that the company’s fourth-quarter results were “fairly solid,” with modest growth in revenue and interest income and a sharper increase in adjusted expenses. However, CME Group is demonstrating pricing power by increasing futures/options RPCs this year, which is actually a 4%-5% revenue increase. Combined with organic growth plans and transaction volume growth at a low median rate, Deutsche Bank believes the company’s EPS growth rate this year will be closer to 10 percent, up from just 3 percent previously.

Deutsche Bank: Raised CME Group Inc. (NASDAQ:CME) price target to $218 Maintain Buy rating Read Post »

Barclays slashes ZIM Integrated Shipping Services (NYSE:ZIM) target price: container shipping industry serious ‘oversupply’

/ / Industrials / ,

Barclays analyst Alexia Dogani said in a research report that the rating of ZIM Integrated Shipping Services (NYSE:ZIM) was downgraded from “flat with the broader market” to “underweight”, and the target price was lowered from $26.50 to $15, and global shipping is expected to have a downward cycle in 2023-24. The analyst said it believes the container shipping industry will enter a period of “severe oversupply” in 2023-24, with capacity capacity expected to grow at an annual rate of 10 per cent, while market demand will remain at -3 per cent compared to 2019.

Barclays slashes ZIM Integrated Shipping Services (NYSE:ZIM) target price: container shipping industry serious ‘oversupply’ Read Post »

Palantir Technologies (NYSE:PLTR) had revenue of $508.6 million in Q4 2022, versus analyst expectations of $522.2 million

/ / Technology /

Palantir Technologies (NYSE:PLTR) had Q4 2022 EPS of $0.04 versus analyst expectations of $0.029. Fourth-quarter revenue was $508.6 million, compared with analysts’ expectations of $522.2 million. Adjusted EBITDA for the fourth quarter was $121.6 million, versus analysts’ expectations of $86.4 million. Adjusted operating profit for the fourth quarter was 22% and adjusted free cash flow was $75.8 million. First-quarter revenue is expected to be $503-$507 million, compared with analysts’ expectations of $522.2 million.

Palantir Technologies (NYSE:PLTR) had revenue of $508.6 million in Q4 2022, versus analyst expectations of $522.2 million Read Post »

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