Alnylam Pharmaceuticals Inc. Q4 Loss Decreases, beats estimates

Alnylam Pharmaceuticals Inc. (ALNY) announced Loss for fourth quarter that decreased from the same period last year and beat the Street estimates.

The company’s bottom line came in at -$207.49 million, or -$1.68 per share. This compares with -$258.46 million, or -$2.16 per share, in last year’s fourth quarter.

Excluding items, Alnylam Pharmaceuticals Inc. reported adjusted earnings of -$171.52 million or -$1.39 per share for the period.

Analysts on average had expected the company to earn -$1.90 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 29.6% to $335.03 million from $258.54 million last year.

Alnylam Pharmaceuticals Inc. earnings at a glance (GAAP) :

-Earnings (Q4): -$207.49 Mln. vs. -$258.46 Mln. last year.
-EPS (Q4): -$1.68 vs. -$2.16 last year.
-Analyst Estimates: -$1.90
-Revenue (Q4): $335.03 Mln vs. $258.54 Mln last year.

DTE Energy FY22 Net Income Rises

DTE Energy (DTE) reported 2022 earnings of $1.1 billion, or $5.52 per share, compared with $907 million, or $4.67 per share in 2021. Operating earnings for the year were $1.2 billion, or $6.10 per share, compared with 2021 operating earnings of $1.2 billion, or $5.99 per share.

Fourth quarter earnings per share was $1.31 compared to $1.57, prior year. Operating earnings per share increased to $1.31 from $1.05. On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $1.24, for the quarter. Analysts’ estimates typically exclude special items.

David Ruud, DTE CFO, said: “The company successfully met its financial goals while providing reliable, affordable service for our customers. We are well positioned to meet our financial goals in 2023 and over the longer-term.”

DTE Energy confirmed 2023 operating EPS guidance of $6.09 – $6.40.

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Cheniere Energy Reports Profit In Q4

Cheniere Energy, Inc. (LNG) reported fourth quarter net income attributable to common stockholders of $3.9 billion compared to a loss of $1.3 billion, last year. Net income per share attributable to common stockholders was $15.78 compared to a loss of $5.22.

On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $5.79, for the quarter. Analysts’ estimates typically exclude special items.

Total revenues increased to $9.09 billion from $6.56 billion, last year. LNG revenues increased to $8.36 billion from $6.41 billion. Analysts on average had estimated $8.03 billion in revenue.

The company introduced full year 2023 adjusted EBITDA guidance of $8.0 – $8.5 billion.

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Nikola Corporation Q4 Loss Increases, but beats estimates

Nikola Corporation (NKLA) released Loss for its fourth quarter that increased from last year and missed the Street estimates.

The company’s earnings totaled -$222.07 million, or -$0.46 per share. This compares with -$159.42 million, or -$0.39 per share, in last year’s fourth quarter.

Excluding items, Nikola Corporation reported adjusted earnings of -$180.61 million or -$0.37 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.

Nikola Corporation earnings at a glance (GAAP) :

-Earnings (Q4): -$222.07 Mln. vs. -$159.42 Mln. last year.
-EPS (Q4): -$0.46 vs. -$0.39 last year.
-Analyst Estimate: -$0.43

Federal Signal To Buy Trackless For C$54 Mln In Cash, Shares Down In Pre-Market

Federal Signal Corp. (FSS), a safety solutions provider, announced on Thursday that it has signed a deal to buy Trackless Vehicles Limited., a Canadian maker of multi-purpose, municipal sidewalk tractors, for initial cash consideration of C$54 million or around $40 million. FSS expects the acquisition to be accretive in 2023.

The transaction, expected to be closed over the next 90 days, includes a contingent earn-out payment of up to C$6 million.

The acquisition includes Work Equipment Limited, a trackless dealer in Southwestern and Northern Ontario.

Jennifer L. Sherman, CEO of FSS, said the deal will help leverage Federal Signal’s distribution channel in the U.S. to expand the geographic reach of Trackless products and accelerate the growth trajectory of the business.

Ontario-based Trackless has posted revenue of around C$35 million for the 12-month period to December 31, 2022.

FSS is trading down by 4.84 percent at $50.30 per share in pre-market on the New York Stock Exchange.

Belden Continues To Decline

Belden Inc. (BDC) shares are sliding more than 6 percent on Thursday morning trade. The shares have been bearish after reaching a year-to-date high on February 15. Today, the global supplier of network infrastructure solutions announced the appointment of Ashish Chand as president and chief executive officer, effective immediately. Brian Lieser will succeed Chand as vice president of Industrial automation solutions.

Currently, shares are at $80.99, down 6.87 percent from the previous close of $86.96 on a volume of 178,759.

Medical Properties Trust Slips To Loss In Q4

Medical Properties Trust, Inc. (MPW) reported Thursday a fourth-quarter net loss attributable to stockholders of $140.47 million or $0.24 per share from $206.54 million or $0.34 per share prior-year quarter.

Normalized funds from operations or NFFO were $258.12 million or $0.43 per share, compared to $278.61 million or $0.47 per share in the year-ago quarter. Adjusted funds from operations were $0.34 per share, compared to $0.36 per share last year.

On average, eight analysts polled by Thomson Reuters expected the company to report earnings of $0.28 per share for the quarter. Analysts’ estimates typically exclude special items.

Total revenues for the quarter decreased to $380.49 million from $409.33 million in the same quarter last year. Analysts expected revenue of $372.99 million for the quarter.

Looking ahead to fiscal 2023, Medical Properties Trust now projects net income in a range of $0.83 to $0.98 per share and NFFO in a range of $1.50 to $1.65 per share. The Street is looking for earnings of $1.25 per share for the year.

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