Home » World News » Huntsman Corp. Q3 adjusted earnings of $0.41 per share

Huntsman Corp. Q3 adjusted earnings of $0.41 per share

10/25/2019

Elijah Cummings funeral, World Series returns to Washington D.C.: 5 things you need to know Friday

Obama, Clinton to attend funeral for Rep. Elijah Cummings

Former Presidents Barack Obama and Bill Clinton, along with former first lady Michelle Obama and former Secretary of State Hillary Clinton, will attend Rep. Elijah Cummings’ funeral in Baltimore on Friday. Cummings was a personal friend of Obama’s and was an early supporter of his 2008 presidential run. The former president is expected to speak at the service, according to a Cummings spokesperson. Members of Congress paid tribute to Cummings on Thursday as his body lay in state at the U.S. Capitol. A Democrat whose district included large sections of Baltimore, Cummings died last week at age 68.

‘Master of the House’:Leaders of Congress remember Cummings

Ban on Palestinian websites challenged in West Bank

About 50 Palestinian websites banned, as critics fear clampdown on press freedom.

The Palestinian Authority has blocked access to dozens of news websites accused of violating a cybercrimes law in the occupied West Bank. They were allegedly critical of President Mahmoud Abbas and his leadership.

But the constitutional court is considering whether to lift that ban.

Al Jazeera’s Nida Ibrahim reports from Ramallah, in the occupied West Bank.

Artists find creative freedom in post-Bashir Sudan

After Omar al-Bashir was removed as the president of Sudan, its artistic community is flourishing.

As the momentum to overthrow then-President Omar al-Bashir grew in Sudan, artwork opposing his 30-year rule started popping up around Khartoum.

But since his removal in April, poets, musicians and painters are having their first taste of new-found artistic freedoms.

Al Jazeera’s Hiba Morgan reports from the capital, Khartoum.

Aon plc Q3 adjusted earnings Beat Estimates

Aon plc (AON) reported earnings for its third quarter that rose from last year.

The company’s earnings totaled $222 million, or $0.93 per share. This compares with $147 million, or $0.60 per share, in last year’s third quarter.

Excluding items, Aon plc reported adjusted earnings of $346 million or $1.45 per share for the period.

Analysts had expected the company to earn $1.43 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 1.3% to $2.38 billion from $2.35 billion last year.

Aon plc earnings at a glance:

-Earnings (Q3): $346 Mln. vs. $319 Mln. last year.
-EPS (Q3): $1.45 vs. $1.30 last year.
-Analysts Estimate: $1.43
-Revenue (Q3): $2.38 Bln vs. $2.35 Bln last year.

Oil Prices Snap Three-day Rally

Oil prices pulled back on Friday after three sessions of gains as concerns over weakening economic growth overshadowed a surprise draw in U.S. crude inventories and the prospect of deeper output cuts by OPEC and its allies.

Benchmark Brent crude edged down 0.1 percent to $61.61 but remained on track for a weekly gain of nearly 3 percent underpinned by data showing a surprise draw in U.S. crude stocks.

Likewise, West Texas Intermediate (WTI) crude futures were down 0.1 percent at $56.16 but were on track for a gain of almost 4 percent over the week.

Growth concerns resurfaced after data released overnight showed new orders for key U.S.-made capital goods fell more than expected in September and shipments also declined.

Sales of new U.S. single-family homes fell in September, helping reinforce expectations that the Federal Reserve will cut borrowing costs next week.

Ongoing Brexit woes and fresh concerns surrounding U.S.-China trade also raised concerns about the weaker demand outlook in 2020.

Trade worries linger after U.S. Vice President Mike Pence adopted a hard line in a speech Thursday laying out President Donald Trump’s China policies and reiterating U.S. support for protesters in Hong Kong.

On the Brexit front, investors awaited the European Union’s decision on how long to delay the U.K.’s departure.

Lear Q3 Adj. EPS, Sales Top View; Cuts FY19 Forecast – Quick Facts

Automotive technology firm Lear Corp. (LEA), while announcing weak profit and sales in its third quarter, trimmed its forecast for fiscal 2019, mainly citing the estimated impact of a labor strike at Lear’s largest customer.

For the year 2019, the company now expects net sales in a range of $19 billion to $19.5 billion, compared to previous outlook of $19.8 billion to $20.3 billion.

On average, 18 analysts polled by Thomson Reuters expect sales of $19.85 billion for the year. Analysts’ estimates typically exclude special items.

Core operating earnings for the year is projected to be $1.20 billion to $1.30 billion, lower than previous estimate of $1.35 billion to $1.45 billion. Adjusted EBITDA would now be between $1.72 billion and $1.82 billion, while previous forecast was between $1.87 billion and $1.97 billion.

In its third quarter, net income declined to $215.9 million from $252.5 million last year. Earnings per share fell to $3.58 from $3.80 a year ago.

Adjusted net income was $217.2 million, compared to $269.4 million a year ago. Adjusted earnings per share were $3.54, compared to $4.09 last year.

Sales declined to $4.83 billion from prior year’s $4.89 billion.

Analysts expected earnings of $3.14 per share on sales of $4.76 billion.