The Cooper Companies, Inc. Q2 Profit Decreases, but beats estimates

The Cooper Companies, Inc. (COO) reported earnings for second quarter that decreased from last year but beat the Street estimates.

The company’s bottom line totaled $39.8 million, or $0.80 per share. This compares with $126.6 million, or $2.55 per share, in last year’s second quarter.

Excluding items, The Cooper Companies, Inc. reported adjusted earnings of $3.08 per share for the period.

Analysts on average had expected the company to earn $3.03 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 5.7% to $877.4 million from $829.8 million last year.

The Cooper Companies, Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $39.8 Mln. vs. $126.6 Mln. last year.
-EPS (Q2): $0.80 vs. $2.55 last year.
-Analyst Estimates: $3.03
-Revenue (Q2): $877.4 Mln vs. $829.8 Mln last year.

-Guidance:
Full year EPS guidance: $12.66 – $12.96
Full year revenue guidance: $3,512 – $3,569 Mln

Broadcom Limited Q2 Profit Increases, beats estimates

Broadcom Limited (AVGO) released earnings for its second quarter that increased from the same period last year and beat the Street estimates.

The company’s bottom line totaled $3.48 billion, or $8.15 per share. This compares with $2.59 billion, or $5.93 per share, in last year’s second quarter.

Excluding items, Broadcom Limited reported adjusted earnings of $4.49 billion or $10.32 per share for the period.

Analysts on average had expected the company to earn $10.08 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 7.8% to $8.73 billion from $8.10 billion last year.

Broadcom Limited earnings at a glance (GAAP) :

-Earnings (Q2): $3.48 Bln. vs. $2.59 Bln. last year.
-EPS (Q2): $8.15 vs. $5.93 last year.
-Analyst Estimate: $10.08
-Revenue (Q2): $8.73 Bln vs. $8.10 Bln last year.

-Guidance:
Next quarter revenue guidance: $8.85 Bln

PagerDuty, Inc. Q1 Earnings Summary

Below are the earnings highlights for PagerDuty, Inc. (PD):

Earnings: -$12.2 million in Q1 vs. -$32.8 million in the same period last year.
EPS: -$0.13 in Q1 vs. -$0.38 in the same period last year.
Excluding items, PagerDuty, Inc. reported adjusted earnings of $19.3 million or $0.20 per share for the period.

Analysts projected $0.09 per share
Revenue: $103.2 million in Q1 vs. $85.4 million in the same period last year.

-Guidance:
Next quarter EPS guidance: $0.10 – $0.11
Next quarter revenue guidance: $103.5-$105.5 mln
Full year EPS guidance: $0.60 – $0.65
Full year revenue guidance: $425-$430 mln

GDS Holdings Stock Up 7% On Repurchase Of Senior Notes

Shares of GDS Holdings Limited (GDS) were up 7% on Thursday after it announced the repurchase of senior notes.

GDS is currently trading at $10.51, up 7.68% or $0.75 per share, on Nasdaq. It has traded between $8.41 and $35.93 in the past 52-week period.

The repurchase is for approximately $299.91 million aggregate principal amount of its 2.00% Convertible Senior Notes which is due in 2025.

The company stated that the notes in the aggregate principal amount of $80 thousand remain outstanding after such repurchases.

European Economic News Preview: UK Retail Sales Data Due

Retail sales data from the UK and consumer confidence from France are due on Thursday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK retail sales for April. Sales are forecast to grow 0.4 percent on month, in contrast to the 0.9 percent fall in March.

At 2.45 am ET, France’s statistical office INSEE publishes consumer sentiment survey results. The confidence index is seen rising to 84 in May from 83 in April.

At 4.00 am ET, Italy’s statistical office is set to issue business and consumer confidence survey data. The business sentiment index is forecast to fall to 102.5 in May from 103.0 in April. At the same time, the consumer sentiment index is seen unchanged at 105.5.

In the meantime, manufacturing Purchasing Managers’ survey results are due from Austria.

Five Below Q1 Profit, Revenue Increase

Five Below, Inc. (FIVE) on Thursday reported first-quarter income and revenues that increased from last year.
Net income was $37.5 million or $0.67per share, compared to $32.7 million or $0.59 per share the previous year.

Analysts on average had expected the company’s earnings to be $0.63 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

Net revenue increased by 13.5% to $726.2 million from $639.6 million in the first quarter of fiscal 2022. The revenue missed the analyst consensus estimate of $728.04 million for the quarter.

Thursday, the stock was at $176.25 in the after-hours trade, up 4.07% or $6.90 a share, Nasdaq.

US FDA revokes emergency use authorization for J&J's COVID vaccine

(Reuters) – The U.S. Food and Drug Administration said on Thursday it has revoked the emergency use authorization for Johnson & Johnson’s COVID-19 vaccine.

One person injured after police fire guns in Aurora

One person has been injured after police officers fired shots in Aurora.

According to a 5:01 p.m. Thursday tweet from the Aurora Police Department, there is a large police presence near the intersection of East 8th Avenue and North Dayton Street, near where the shots were fired.

“As of right now, we believe all Officers involved are okay and 1 person has been injured as a result of the shooting,” police said.

This is a developing story. 

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