Huntsman Corp. Q4 Earnings Summary

Below are the earnings highlights for Huntsman Corp. (HUN):

Earnings: -$91 million in Q4 vs. $597 million in the same period last year.
EPS: -$0.48 in Q4 vs. $2.73 in the same period last year.
Excluding items, Huntsman Corp. reported adjusted earnings of $8 million or $0.04 per share for the period.

Analysts projected $0.1 per share
Revenue: $1.650 billion in Q4 vs. $2.112 billion in the same period last year.

General Mills Lifts Full-year Outlook

General Mills, Inc. (GIS) on Tuesday raised its full-year earnings as well as sales outlook citing its strong in-market performance.

For 2023, the company now expects its adjusted earnings per share (EPS) growth of 7 percent – 8 percent, versus its previous growth expectation of 4 percent – 6 percent.

General Mills now projects its adjusted operating profit growth of 6 percent – 7 percent, higher than its previous growth projection of 3 percent -5 percent.

The firm expects an organic sales growth of around 10 percent, versus previous outlook for 8 percent – 9 percent growth range.

Lincoln Electric Q4 Adj. Profit Rises; Organic Sales Up 14.3%

Lincoln Electric Holdings, Inc. (LECO) reported fourth quarter net income of $109.1 million, or earnings per share of $1.87 which included special item after-tax net charges of $4.1 million or $0.07 per share. This is compared with prior year period net income of $74.4 million, or $1.25 per share. Excluding items, fourth quarter adjusted net income was $113.2 million, or $1.94 per share compared with $96.2 million, or $1.61 per share, in the prior year period. On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $1.90, for the quarter. Analysts’ estimates typically exclude special items.

Fourth quarter 2022 sales increased 10.3% to $930.9 million. Organic sales increased 14.3%, for the quarter. Analysts on average had estimated $922.98 million in revenue.

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Pre-market Movers: ARBE, SGML, ATNM, BTCS, OKYO…

The following are some of the stocks making big moves in Tuesday’s pre-market trading (as of 07.05 A.M. ET).

In the Green

Arbe Robotics Ltd. (ARBE) is up over 36% at $5.95.
Sigma Lithium Corporation (SGML) is up over 25% at $29.48.
Actinium Pharmaceuticals, Inc. (ATNM) is up over 21% at $16.69.
BTCS Inc. (BTCS) is up over 17% at $2.04.
Monopar Therapeutics Inc. (MNPR) is up over 15% at $4.05.
Apellis Pharmaceuticals, Inc. (APLS) is up over 14% at $63.50.
Ocean Biomedical, Inc. (OCEA) is up over 13% at $4.50.
Sentage Holdings Inc. (SNTG) is up over 13% at $2.45.
Vir Biotechnology, Inc. (VIR) is up over 12% at $28.96.
Ambarella, Inc. (AMBA) is up over 6% at $99.45.
Rapid7, Inc. (RPD) is up over 6% at $52.99.
Smith & Nephew plc (SNN) is up over 6% at $29.63.
Independence Contract Drilling, Inc. (ICD) is up over 6% at $3.80.
enCore Energy Corp. (EU) is up over 5% at $2.60.

In the Red

OKYO Pharma Limited (OKYO) is down over 16% at $3.12.
Movella Holdings Inc. (MVLA) is down over 14% at $4.00.
JD.com, Inc. (JD) is down over 8% at $48.69.
NGL Energy Partners LP (NGL) is down over 8% at $2.53.
Lannett Company, Inc. (LCI) is down over 7% at $2.30.
THOR Industries, Inc. (THO) is down over 5% at $89.52.
PDD Holdings Inc. (PDD) is down over 5% at $88.08.
Sasol Limited (SSL) is down over 5% at $15.41.

Eurozone Consumer Confidence Highest In Over A Year

Euro area consumer sentiment strengthened for the fifth month in a row to its highest level in over a year, preliminary data from the European Commission showed Monday.

The flash consumer confidence index for Eurozone climbed to -19.0 from -20.9 in January. That was in line with economists’ expectations.

The latest reading was the highest since February last year, when it was at -9.4.

The consumer confidence index for the EU gained 1.5 points to reach -20.6, which was the highest since February last year.

Despite the successive improvements over the past few months, the readings remained well below its long-term average.

Data for the survey was collected from February 1 to 19.

The final results are set to be released along with the monthly economic sentiment survey data on February 27.

Trinity Industries Expects Revenue And Margin Improvement In 2023

Trinity Industries, Inc. (TRN) said it expects 2023 EPS of $1.50 to $1.70 excluding items outside of core business operations. The company targets industry deliveries of 40,000 to 45,000 railcars for the year.

“We ended the year with revenue up 30% over 2021, a backlog of $3.9 billion, and adjusted EPS of $0.94, up 176% over 2021 despite unexpected headwinds in 2022,” said Trinity’s CEO, Jean Savage.

Fourth quarter income per share from continuing operations was $0.46 compared to $0.16, prior year. Excluding items, Trinity Industries reported adjusted earnings of $36.9 million or $0.44 per share for the period. Analysts on average had expected the company to earn $0.45 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 25.2% to $591.2 million from $472.2 million last year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

1923: Blaze Destroys Army Buildings

MONS, Tuesday — Fire has destroyed the orderly rooms and stores of the Fifth Army Division. The losses are estimated at 2,000,000fr. — The New York Herald, European Edition, Feb. 21, 1923