Thursday, 4 Mar 2021

Freeport-McMoRan Q4 Profit Tops Estimates – Quick Facts

American Express Co. Reports Retreat In Q4 Bottom Line

American Express Co. (AXP) reported earnings for fourth quarter that declined from the same period last year.

The company’s profit came in at $1.44 billion, or $1.76 per share. This compares with $1.69 billion, or $2.03 per share, in last year’s fourth quarter.

Analysts had expected the company to earn $1.31 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 17.8% to $9.35 billion from $11.37 billion last year.

American Express Co. earnings at a glance:

-Earnings (Q4): $1.44 Bln. vs. $1.69 Bln. last year.
-EPS (Q4): $1.76 vs. $2.03 last year.
-Analysts Estimate: $1.31
-Revenue (Q4): $9.35 Bln vs. $11.37 Bln last year.

Rockwell Automation Updates FY21 Guidance – Quick Facts

Rockwell Automation, Inc. (ROK) said, for fiscal 2021, the company projects adjusted EPS in a range of $8.70 – $9.10, and organic sales growth in a range of 4.5% – 7.5%.

First quarter adjusted EPS was $2.38, up 11 percent compared to $2.15, prior year. Sales were $1.57 billion, down 7.1 percent. Organic sales declined 9.7 percent.

Rockwell Automation also announced two key additions to its executive leadership team. The company appointed Scott Genereux as senior vice president and chief revenue officer and Brian Shepherd as senior vice president, Software and Control, effective Feb. 1. Most recently, Genereux served as executive vice president for Worldwide Field Operations and chief revenue officer for Veritas Technologies. Shepherd most recently served as president, Production Software and Smart Factory, for Hexagon AB.

Nikki Haley Hammered For Asking To Give Donald Trump A Break And ‘Move On’

Nikki Haley just wants former President Donald Trump to be given a break.

Trump’s actions since the 2020 election were “not great” and “not his finest,” the former U.S. ambassador to the United Nations admitted to Fox News’ Laura Ingraham on Monday.

Trump for weeks lied about the election result, promoted baseless conspiracy theories about voter fraud and stirred his supporters up into a violent frenzy that culminated with the deadly storming of the U.S. Capitol on Jan. 6.

But Trump “absolutely” did not deserve to be impeached for inciting the insurrection, claimed Haley, also the former GOP governor of South Carolina and rumored Republican presidential hopeful for 2024.

“I don’t think there is a basis for impeachment,” Haley told Ingraham as she tried to paint Trump as the real victim.

“The idea that… they didn’t even have a hearing in the House. They will bring about impeachment, yet they say they are for unity,” she said of Democrats who censured Trump for encouraging the violence.

“They beat him up before he got into office. They are beating him up after he leaves office,” Haley added. “I mean, at some point, I mean, give the man a break. I mean, move on.”

Watch the interview here:

Twitter users balked at Haley’s suggestion:

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Archer-Daniels-Midland Q4 adjusted earnings Beat Estimates

Archer-Daniels-Midland (ADM) revealed earnings for its fourth quarter that advanced from last year.

The company’s earnings came in at $687 million, or $1.22 per share. This compares with $504 million, or $0.90 per share, in last year’s fourth quarter.

Excluding items, Archer-Daniels-Midland reported adjusted earnings of $684 million or $1.21 per share for the period.

Analysts had expected the company to earn $1.10 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 10.1% to $17.98 billion from $16.33 billion last year.

Archer-Daniels-Midland earnings at a glance:

-Earnings (Q4): $684 Mln. vs. $798 Mln. last year.
-EPS (Q4): $1.21 vs. $1.42 last year.
-Analysts Estimate: $1.10
-Revenue (Q4): $17.98 Bln vs. $16.33 Bln last year.

Prologis Guides FY21 EPS Well Above Estimates – Quick Facts

While reporting its financial results for the fourth quarter on Tuesday, Prologis Inc. (PLD) initiated its net earnings and core funds from operations outlook for the full-year 2021, well above analysts’ expectations..

For fiscal 2021, the company now forecasts net earnings in a range of $2.36 to $2.52 per share, core funds from operation or core FFO in a range of $3.88 to $3.98 per share and core FFO, excluding net promote expense, in a range of $3.90 to $4.00 per share.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.54 per share for the year. Analysts’ estimates typically exclude special items.

Freeport-McMoRan Inc. Q4 adjusted earnings Beat Estimates

Below are the earnings highlights for Freeport-McMoRan Inc. (FCX):

-Earnings: $708 million in Q4 vs. $9 million in the same period last year.
-Analysts projected $0.38 per share
-Revenue: $4.50 billion in Q4 vs. $3.91 billion in the same period last year.

Freeport-McMoRan Q4 Profit Tops Estimates – Quick Facts

Freeport-McMoRan Inc. (FCX) reported net income attributable to common stock of $708 million, $0.48 per share, in fourth-quarter 2020. After adjusting for net credits totaling $142 million, $0.10 per share, adjusted net income attributable to common stock totaled $566 million, $0.39 per share, in fourth-quarter 2020. On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $0.38, for the quarter. Analysts’ estimates typically exclude special items.

Fourth quarter revenues were $4.50 billion compared to $3.91 billion, previous year. Analysts expected revenue of $4.21 billion, for the quarter.

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