Yum! Brands Inc. Q3 Profit Decreases, misses estimates

Yum! Brands Inc. (YUM) revealed earnings for third quarter that decreased from last year and missed the Street estimates.

The company’s earnings totaled $331 million, or $1.14 per share. This compares with $528 million, or $1.75 per share, in last year’s third quarter.

Excluding items, Yum! Brands Inc. reported adjusted earnings of $1.09 per share for the period.

Analysts on average had expected the company to earn $1.14 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 1.9% to $1.64 billion from $1.61 billion last year.

Yum! Brands Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $331 Mln. vs. $528 Mln. last year.
-EPS (Q3): $1.14 vs. $1.75 last year.
-Analyst Estimates: $1.14
-Revenue (Q3): $1.64 Bln vs. $1.61 Bln last year.

SiteOne Landscape Supply Q3 Profit Slightly Down, Yet Beats Estimates

SiteOne Landscape Supply, Inc. (SITE) Wednesday announced a decline in third-quarter profit, despite an 18 percent increase in net sales, compared to the prior year.

Profit for the third quarter was $73.3 million or $1.60 per share, down 8 percent to $80.0 million or $1.74 per share last year.

On average, 9 analysts polled by Thomson Reuters expected the company to earn $1.52 per share. Analysts’ estimates usually exclude special items.

Revenue for the quarter increased to $1.102 billion, from $936.4 million a year ago. Analysts were looking for $1.04 billion.

Looking ahead to fiscal 2022, the company expects Adjusted EBITDA to be in the range of $455 million to $470 million, up 10-13 percent from the fiscal 2021.

Vulcan Materials Co. Q3 Profit Increases, beats estimates

Vulcan Materials Co. (VMC) revealed a profit for its third quarter that increased from the same period last year and beat the Street estimates.

The company’s bottom line came in at $177.1 million, or $1.33 per share. This compares with $176.9 million, or $1.32 per share, in last year’s third quarter.

Excluding items, Vulcan Materials Co. reported adjusted earnings of $1.78 per share for the period.

Analysts on average had expected the company to earn $1.7 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 37.6% to $2.088 billion from $1.517 billion last year.

Vulcan Materials Co. earnings at a glance (GAAP) :

-Earnings (Q3): $177.1 Mln. vs. $176.9 Mln. last year.
-EPS (Q3): $1.33 vs. $1.32 last year.
-Analyst Estimate: $1.7
-Revenue (Q3): $2.088 Bln vs. $1.517 Bln last year.

Ferrari Q3 Net Profit Rises 10%; Boosts FY22 Outlook

Italian luxury sports carmaker Ferrari N.V. (RACE) reported Wednesday that its net profit for the third quarter increased to 228 million euros or 1.23 euros per share from 207 million euros or 1.11 euros per share in the prior-year quarter.

Net revenues for the quarter increased 18.7 percent to 1.25 billion euros from 1.05 billion euros in the same quarter last year. Net revenue grew 13 percent at constant currency.

Shipments for the quarter totaled 3,188 units, up 438 units or 15.9 percent from last year, driven by the 296 GTB, which was in the ramp up phase along with the 812 Competizione.

Looking ahead for fiscal 2022, Ferrari now projects adjusted earnings of approximately 5.00 euros per share on net revenues of approximately 5.0 billion euros.

Previously, the company expected adjusted earnings in the range of 4.80 to 4.90 euros per share on net revenues of approximately 4.9 billion euros.

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U.S. Reports 30K New Covid Cases, 415 New Deaths

With 30,161 new cases of coronavirus infection reported on Tuesday, total U.S. Covid cases have reached 97,280,866.

415 new casualties reported on the same day took the total number of people who have lost their lives due to coronavirus infection in the country to 1,068,453, as per Johns Hopkins University’s latest data.

Covid positive cases have fallen by 4 percent and deaths have decreased by 7 percent in the last fortnight.

U.S. hospitals reported a 1 percent decrease in the number of Covid patients in the last two weeks. The number of I.C.U. admissions due to the worse stage of the viral disease remained almost static.

26,681 people are hospitalized due to Covid. 3,173 of these patients are admitted in intensive care units.

The nation’s current test positivity rate is 8.4 percent.

As per the latest data published by the Centers for Disease Control and Prevention, 226,594,560 Americans, or 68.2 percent of the eligible population, have been administered both doses of Covid vaccine so far. This includes 93 percent of people above 65.

49.1 percent of the eligible population, or 111,367,843 people, have already received a booster dose that is recommended to provide additional protection from the killer virus.

40.6 percent of the eligible population, or 26,796,838 people, have taken a second booster dose.

2.017 additional deaths were reported globally on Tuesday, taking the total number of people who have lost their lives due to the pandemic so far to 6,582,416.

Omnicell Inc CA Q3 Profit Decreases, but beats estimates

Omnicell Inc CA (OMCL) announced earnings for third quarter that decreased from last year but beat the Street estimates.

The company’s bottom line came in at $16.774M, or $0.37 per share. This compares with $29.317M, or $0.61 per share, in last year’s third quarter.

Excluding items, Omnicell Inc CA reported adjusted earnings of $45.175M or $1 per share for the period.

Analysts on average had expected the company to earn $0.95 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 17.4% to $348.059 million from $296.402M last year.

Omnicell Inc CA earnings at a glance (GAAP) :

-Earnings (Q3): $16.774M. vs. $29.317M. last year.
-EPS (Q3): $0.37 vs. $0.61 last year.
-Analyst Estimates: $0.95
-Revenue (Q3): $348.059 Mln vs. $296.402M last year.

-Guidance:
Next quarter EPS guidance: $0.05 – $0.15
Next quarter revenue guidance: $285 mln – $295 mln
Full year EPS guidance: $2.73 – $2.83
Full year revenue guidance: $1.284Bln- $1.294Bln