Fluor Guides Q4 Adj. EPS Well Above Estimates – Update

While reporting financial results for the third quarter on Friday, engineering company Fluor Corp. (FLR) provided its adjusted earnings guidance for the fourth quarter in a range of $0.50 to $0.60 per share.

On average, four analysts polled by Thomson Reuters expect the company to report earnings of $0.42 per share for the quarter. Analysts’ estimates typically exclude special items.

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

Kolibri Global Energy Inc. Q3 Income Advances

Kolibri Global Energy Inc. (KEI) released a profit for its third quarter that increased from last year

The company’s bottom line came in at $9.299 million, or $0.26 per share. This compares with $0.608 million, or $0.03 per share, in last year’s third quarter.

The company’s revenue for the quarter rose 152.4% to $9.867 million from $3.910 million last year.

Kolibri Global Energy Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $9.299 Mln. vs. $0.608 Mln. last year.
-EPS (Q3): $0.26 vs. $0.03 last year.
-Revenue (Q3): $9.867 Mln vs. $3.910 Mln last year.

Lamar Advertising Q3 FFO Rises

Lamar Advertising Company (LAMR), an owner and operator of outdoor advertising, on Friday posted a rise in Funds From Operations or FFO for the third-quarter, driven by an increase in revenue.

For the quarter ended on September 30, the company posted FFO of $207.9 million, compared with $187.6 million a year ago.

Excluding items, FFO was at $206.4 million or $2.03 per share, higher than last year’s $192.5 million $1.90 per share.

Net income for the period increased to $146.2 million or $1.44 per share, compared with $106.8 million or $1.05 per share during the corresponding period last year.

Adjusted EBITDA was reported at $251.2 million versus $230.7 million of last year.

Operating income moved up to $181 million from $133.3 million during the corresponding quarter of 2021.

Lamar generated net revenues of $527.4 million, versus $476.9 million of previous year quarter.

Looking ahead, Lamar Chief Executive Sean Reilly said: “We expect our expense growth to continue to normalize in the fourth quarter and into 2023, and based on current pacings, we are tracking to the top of our previously provided guidance range for full-year diluted AFFO per share.”

In May, the company had said it was expecting fiscal 2022 AFFO in a range of $7.20 to $7.35 per share and earnings in a range of $4.88 to $4.96 per share.

MSNBC Drops Tiffany Cross From Weekend Lineup

MSNBC has dropped Tiffany Cross’s weekend show after a nearly two-year run.

The network chose not to renew her contract and will fill her timeslot with a series of rotating hosts in the interim, according to a source familiar with the plans. Variety first reported on the network’s decision.

Cross’ Cross Connection launched in 2020, as part of a series of changes to MSNBC’s weekend lineup that also included a new show featuring Jonathan Capehart.

Cross’s staff was informed of the decision on Friday morning, the source said, but will remain in place.

Cross did not immediately respond to a request for comment. She previously was the D.C. Bureau Chief for BET Networks. 

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Gold Glitters As Dollar Retreats

Gold prices gained more than one percent in the day’s trade, amidst a softening in the Dollar’s strength as markets reconcile to the Fed’s actions and commentary in the recent review. The Fed had raised rates by 75 basis points and made a hawkish warning that rates would be higher going forward.

Markets now await the payroll data from the U.S. to assess whether the current situation of the job market would make or mar the Fed’s hawkish forward guidance. Consensus expectation is for the American economy to have added 200 thousand jobs in October versus 263 thousand added in the previous month. The unemployment rate is also seen rising to 3.6 percent from 3.5 percent currently.

The Dollar weakened against major currencies, causing the Dollar Index to drop to 112.28. It is currently at 112.39, lower by 0.48 percent on an overnight basis. The peak for the day was 112.99.

Spot Gold rallied 1.30 percent to trade at $1,650.86 per troy ounce. The day’s range has been between $1,628.67 and $1,653.52.

Gold Futures for December settlement strengthened 21.75 points to trade at $1,652.65, up 1.33 percent on an overnight basis. Prices oscillated between $1,631.10 and $1,656.10.

Moog Inc. Q4 Adj. Profit Rises; Sales Up 6%

Moog Inc. (MOG.A, MOG.B) reported fourth quarter adjusted earnings per share of $1.36, up 8% from a year ago. On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $1.45, for the quarter. Analysts’ estimates typically exclude special items.

Net earnings declined to $29.4 million from $34.6 million, last year. Earnings per share was $0.92 compared to $1.07, last year.

Sales were $768 million, up 6% from last year. Analysts on average had estimated $760.02 million in revenue.

For fiscal 2023, the company anticipates: sales of $3.2 billion; and earnings per share of $5.70, plus or minus $0.20.

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