Waste Management Inc Q1 Profit Increases, beats estimates

Waste Management Inc (WM) released a profit for its first quarter that increased from the same period last year and beat the Street estimates.

The company’s bottom line came in at $533 million, or $1.30 per share. This compares with $513 million, or $1.23 per share, in last year’s first quarter.

Excluding items, Waste Management Inc reported adjusted earnings of $535 million or $1.31 per share for the period.

Analysts on average had expected the company to earn $1.29 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 4.9% to $4.89 billion from $4.66 billion last year.

Waste Management Inc earnings at a glance (GAAP) :

-Earnings (Q1): $533 Mln. vs. $513 Mln. last year.
-EPS (Q1): $1.30 vs. $1.23 last year.
-Analyst Estimate: $1.29
-Revenue (Q1): $4.89 Bln vs. $4.66 Bln last year.

Kaiser Aluminum Corporation Q1 Income Climbs

Kaiser Aluminum Corporation (KALU) released a profit for its first quarter that increased from last year

The company’s earnings totaled $16 million, or $0.99 per share. This compares with $8 million, or $0.51 per share, in last year’s first quarter.

Excluding items, Kaiser Aluminum Corporation reported adjusted earnings of $7 million or $0.42 per share for the period.

The company’s revenue for the quarter fell 14.9% to $808 million from $949 million last year.

Kaiser Aluminum Corporation earnings at a glance (GAAP) :

-Earnings (Q1): $16 Mln. vs. $8 Mln. last year.
-EPS (Q1): $0.99 vs. $0.51 last year.
-Revenue (Q1): $808 Mln vs. $949 Mln last year.

Sun Communities Inc. Q1 Earnings Summary

Below are the earnings highlights for Sun Communities Inc. (SUI):

Earnings: -$30.1 million in Q1 vs. $0.7 million in the same period last year.
EPS: -$0.24 in Q1 vs. $0.01 in the same period last year.
Analysts projected -$0.03 per share
Revenue: $651.2 million in Q1 vs. $548.5 million in the same period last year.

-Guidance:
Next quarter EPS guidance: $0.72 – $0.80
Full year EPS guidance: $2.12 – $2.32

Teradyne Inc. Q1 Profit Decreases, but beats estimates

Teradyne Inc. (TER) revealed earnings for first quarter that decreased from the same period last year but beat the Street estimates.

The company’s earnings totaled $83.53 million, or $0.50 per share. This compares with $161.93 million, or $0.92 per share, in last year’s first quarter.

Excluding items, Teradyne Inc. reported adjusted earnings of $91.3 million or $0.55 per share for the period.

Analysts on average had expected the company to earn $0.43 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 18.2% to $617.53 million from $755.37 million last year.

Teradyne Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $83.53 Mln. vs. $161.93 Mln. last year.
-EPS (Q1): $0.50 vs. $0.92 last year.
-Analyst Estimates: $0.43
-Revenue (Q1): $617.53 Mln vs. $755.37 Mln last year.

-Guidance:
Next quarter EPS guidance: $0.55 – $0.74
Next quarter revenue guidance: $625 – $685 million

C.H. Robinson Worldwide Inc. Reveals Drop In Q1 Bottom Line, misses estimates

C.H. Robinson Worldwide Inc. (CHRW) reported a profit for first quarter that decreased from the same period last year and missed the Street estimates.

The company’s bottom line came in at $114.89 million, or $0.96 per share. This compares with $270.35 million, or $2.05 per share, in last year’s first quarter.

Analysts on average had expected the company to earn $0.99 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 32.4% to $4.61 billion from $6.82 billion last year.

C.H. Robinson Worldwide Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $114.89 Mln. vs. $270.35 Mln. last year.
-EPS (Q1): $0.96 vs. $2.05 last year.
-Analyst Estimates: $0.99
-Revenue (Q1): $4.61 Bln vs. $6.82 Bln last year.

Heidelberger Druckmaschinen Expects FY Net Result To Exceed Market Expectation

Heidelberger Druckmaschinen AG (HBGRF.PK), a German precision mechanical engineering firm, said it expects net result after taxes for the financial year 2022/2023 to exceed the company’s forecast and the market expectation. The forecast for sales and EBITDA margin is expected to be slightly exceeded in each case.

The company expects a positive net result after taxes of around 90 million euros for financial year 2022/2023. This is around 24 million euros above market expectation, which had already exceeded the company’s forecast in the course of the financial year.

Expected sales is around 2.4 billion euros, slightly above the target of around 2.3 billion euros.

The expected EBITDA margin is around 8.5 %, which is also slightly above the forecast of more than 8%.

The company said it will publish its financial statements and annual report for financial year 2022/2023 on June 14, 2023.

Deutsche Bank Q1 Profit Rises – Quick Facts

German banking major Deutsche Bank AG (DB) reported Thursday that its profit before tax for the first quarter grew 12 percent to 1.85 billion euros from last year’s 1.66 billion euros.

Net profit attributable to shareholders grew 9 percent to 1.16 billion euros from 1.06 billion euros a year ago. Earnings per share were 0.61 euro, up from 0.55 euro in the prior year quarter.

Net revenues grew 5 percent to 7.68 billion euros from 7.33 billion euros a year earlier.

For the full year 2023, provision for credit losses is expected to remain within the previously communicated range of 25-30 basis points of average loans.

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