Consolidated Edison Inc. Q2 Profit Drops, Inline With Estimates
Dolby Laboratories Q3 Profit Drops, Inline With Estimates
Dolby Laboratories (DLB) revealed earnings for third quarter that decreased from last year in line with the Street estimates.
The company’s earnings came in at $16.4 million, or $0.17 per share. This compares with $39.6 million, or $0.39 per share, in last year’s third quarter.
Excluding items, Dolby Laboratories reported adjusted earnings of $54.1 million or $0.55 per share for the period.
Analysts on average had expected the company to earn $0.55 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 3.0% to $298.4 million from $289.6 million last year.
Dolby Laboratories earnings at a glance (GAAP) :
-Earnings (Q3): $16.4 Mln. vs. $39.6 Mln. last year.
-EPS (Q3): $0.17 vs. $0.39 last year.
-Analyst Estimates: $0.55
-Revenue (Q3): $298.4 Mln vs. $289.6 Mln last year.
-Guidance:
Next quarter EPS guidance: $0.40 to $0.60
Next quarter revenue guidance: $275M – $305M
Full year EPS guidance: $3.30 to $3.50
Full year revenue guidance: $1.285B – $1.315B
Corteva, Inc. Q2 Profit Decreases, but beats estimates
Corteva, Inc. (CTVA) released earnings for second quarter that decreased from the same period last year but beat the Street estimates.
The company’s earnings came in at $714 million, or $1.00 per share. This compares with $969 million, or $1.33 per share, in last year’s second quarter.
Excluding items, Corteva, Inc. reported adjusted earnings of $1.14 billion or $1.60 per share for the period.
Analysts on average had expected the company to earn $1.58 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter fell 3.2% to $6.05 billion from $6.25 billion last year.
Corteva, Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $714 Mln. vs. $969 Mln. last year.
-EPS (Q2): $1.00 vs. $1.33 last year.
-Analyst Estimates: $1.58
-Revenue (Q2): $6.05 Bln vs. $6.25 Bln last year.
Titan Stock Falls 9% On Lower Q2 Income
Shares of Titan International, Inc. (TWI), are falling 9 percent on Thursday after reporting a lower income in the second quarter.
Titan is currently trading at $11.56, down $1.14 or 9.02 percent. The stock opened its trading at $12.01 after closing Wednesday’s trading at $12.70. The stock has traded between $9.23 and $17.29 in the past 52-week period.
The company reported a profit of $30.2 million, or $0.48 per share for the second quarter, lower than $67.2 million, or $1.06 per share in the comparable quarter last year.
Excluding one-time items, the company reported loss of $27.1 million or $0.43 per share. The analyst estimates were earnings of $0.42 per share.
Revenue in the quarter was $481.2 million, compared with $572.9 million last year.
Informatica Stock Rises 15% On Revised Guidance
Shares of Informatica Inc. (INFA), are rising 15 percent on Thursday after he company raised guidance for the full year.
Informatica is currently trading at $21.16, up $2.79 or 15.19 percent. The stock opened its trading at $20 after closing Wednesday’s trading at $18.37. The stock has traded between $13.29 and $23.86 in the past 52-week period.
The company reported a loss of $152.5 million, or $0.53 per share for the second quarter, higher than $30.5 million, or $0.11 per share in the comparable quarter last year.
Revenue in the quarter was $376 million, compared with $372 million last year.
Looking forward to the third quarter, the company projected revenues to be in the range of $395 million to $405 million.
For the full year 2023, the company projected revenue to be in the range of $1,570 million to $1,590 million.
The company raised Non-GAAP Operating Income from $400 million to $420 million to a range of $420 million to $440 million.
Ventas Swings To Profit In Q2
Ventas, Inc. (VTR) Thursday reported second-quarter net income of $103.5 million or $0.26 per share, compared to a net loss of $42.4 million or $0.11 per share last year.
Revenues for the quarter rose to $1.11 billion from $1.02 billion last year.
Nareit FFO attributable to common stockholders was $412.5 million or $1.02 per share, compared to $242.9 million or $0.60 per share last year.
Normalized FFO attributable to common stockholders for the quarter was $302.3 milion or $0.75 per share, compared to $289.0 million or $0.72 per share last year.
Analysts polled by Thomson Reuters expected earnings of $0.02 per share and revenues of $1.09 billion for the quarter.
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Consolidated Edison Inc. Q2 Profit Drops, Inline With Estimates
Consolidated Edison Inc. (ED) reported earnings for second quarter that decreased from the same period last year in line with the Street estimates.
The company’s earnings totaled $226 million, or $0.65 per share. This compares with $255 million, or $0.72 per share, in last year’s second quarter.
Excluding items, Consolidated Edison Inc. reported adjusted earnings of $210 million or $0.61 per share for the period.
Analysts on average had expected the company to earn $0.61 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
Consolidated Edison Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $226 Mln. vs. $255 Mln. last year.
-EPS (Q2): $0.65 vs. $0.72 last year.
-Analyst Estimates: $0.61
-Guidance:
Full year EPS guidance: $4.85 to $5.00
