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  • Afternoon Round-up - May 2, 2023

Afternoon Round-up - May 2, 2023

Earnings. Earnings Everywhere.

๐Ÿ’ฐThe Olโ€™ Earnings Machine

Earnings everywhere

Letโ€™s get started. ๐Ÿ‘‡

AmerisourceBergen, the pharmaceuticals and healthcare products distributor, exceeded earnings expectations and raised its future predictions. Looks like a healthy dose of good news for investors ๐Ÿ’Š.

Ares Commercial Real Estate, focusing on lending and investing in commercial real estate, had mixed financial results. It's a bit like a rollercoaster ride, but not a thrilling one ๐ŸŽข.

ADT Inc., providing security, automation, and smart home solutions, met earnings expectations and kept future guidance steady. Playing it safe, just like their services ๐Ÿ”’.

AGCO, the agricultural equipment manufacturer and distributor, crushed it in earnings and raised future predictions. They're harvesting success in the fields ๐Ÿšœ.

AMETEK, the electronic instruments and electromechanical devices manufacturer and marketer, exceeded earnings expectations and raised future guidance. It's like a well-tuned machine running smoothly โš™๏ธ.

Cummins, the engine, filtration, and power generation products designer and manufacturer, smashed earnings expectations and raised future predictions. Full steam ahead for this powerhouse ๐Ÿš‚.

DuPont, specializing in technology-based materials, ingredients, and solutions, showed modest earnings growth but pushed recovery back a quarter and lowered future guidance. Looks like they need a bit more time to cook up success ๐Ÿงช.

Ecolab, offering water, hygiene, and energy technologies/services, exceeded earnings expectations and provided reasonable future guidance. A clean start to the year, indeed ๐Ÿงผ.

Enterprise Products, providing midstream energy services, posted modest earnings growth. Not exactly striking oil, but still keeping things flowing ๐Ÿ›ข๏ธ.

Eaton, offering electrical, hydraulic, and mechanical power management solutions, exceeded earnings expectations and raised future guidance. Things are looking positively charged ๐Ÿ”‹.

Expeditors, providing global logistics services, exceeded earnings expectations but missed revenue targets. A bit of a mixed bag for this one, like finding a dented package at your doorstep ๐Ÿ“ฆ.

Ford, the automobile manufacturer and distributor, cut the Mustang Mach-E price for the second time this year. Electric dreams are getting closer to reality โšก๐Ÿš—.

Graphic Packaging, designing and manufacturing packaging solutions, exceeded earnings expectations and raised future guidance. They've definitely got the whole package ๐ŸŽ.

Howmet Aerospace, providing advanced engineered solutions for aerospace and transportation industries, showed strong earnings growth and raised future guidance. Profits are taking flight for this high-flyer โœˆ๏ธ.

Icahn Enterprises, an investment conglomerate led by Carl Icahn, saw its shares stumble after Hindenburg published a negative report on the company. Looks like they need to dust themselves off and find their footing again ๐Ÿ“‰.

IDEXX, a leader in pet healthcare and veterinary diagnostics, reported better-than-expected Q1 earnings and raised their guidance for the year ๐Ÿถ๐Ÿฑ. These furry friends are bringing home the bacon for IDEXX, so paws up for positive news! ๐Ÿพ๐Ÿ‘

Gartner, a leading research and advisory company, outperformed Wall Street's expectations in Q1 with EPS of $2.88 and revenue of $1.41B, and raised their guidance for the year ๐Ÿ“ˆ. They must know what they're doing, so that's a positive sign! ๐Ÿ”ฎ๐Ÿ‘

Illinois Tool Works, which designs and produces industrial products, had an EPS of $2.33, beating the $2.21 expectation, and improved their operating margins by 150 basis points ๐Ÿ› ๏ธ. The raised guidance might be stingy, but hey, overall it's a positive update! ๐Ÿ’ผ๐Ÿ‘Œ

Marriott, the hotel giant, posted strong results and bullish guidance, proving that people still love to travel and chill ๐Ÿจ๐ŸŒด. The travel and leisure industry remains solid, and that's a positive vibe! ๐Ÿ‘

Marathon Petroleum, an oil refining company, pumped out solid Q1 results with EPS of $6.09 and EBITDA of $5.21B, both surpassing Wall Street's predictions ๐Ÿ›ข๏ธ. Good news, they're fueling profits and our cars ๐Ÿš—๐Ÿ’จ.

MDC Holdings, a home construction company, crushed Wall Street's expectations with $1.08 EPS compared to the predicted $0.62 ๐Ÿ . Home sweet profits, baby! Positive news for the homebuilders ๐Ÿก๐Ÿ’ฐ.

Molson Coors, a brewing company, reported a solid Q1 upside but left their full-year guidance unchanged ๐Ÿป. We're enjoying the party, but not going wild โ€“ the news is neutral ๐Ÿบ๐Ÿ˜ถ.

Pfizer, the pharmaceutical giant, reported impressive Q1 results, mainly driven by their COVID vaccine ๐Ÿ’‰. But with their full-year guidance unchanged, we're feeling a mix of positive and neutral news here ๐Ÿ’Š๐Ÿ˜.

Premier, a healthcare improvement company, missed the mark in FQ3 with EPS of 58 cents and revenue of $322.2M, and they're cutting their guidance ๐Ÿ˜ท. Ouch, that's a negative update for the healthcare peeps ๐Ÿ’Š๐Ÿ‘Ž.

Restaurant Brands, the mastermind behind Burger King, Popeyes, and Tim Hortons, cooked up solid upside with total comps +10% and EPS of 75 cents ๐Ÿ”๐Ÿ—. Delicious profits, so that's a positive bite! ๐Ÿฉ๐Ÿ‘

Sealed Air, a packaging company, fell short in Q1 EPS and EBITDA, blaming a recessionary environment and destocking ๐Ÿ“ฆ. It's a bumpy ride, but they're holding onto their full-year guidance, so the news is slightly negative ๐Ÿ“‰๐Ÿ‘Ž.

Sysco, a food distribution company, reported a FQ3 shortfall with EPS of 90 cents and EBITDA of $900M ๐Ÿฒ. Industry softness leaves a bad taste, so that's negative news ๐Ÿฅข๐Ÿ‘Ž.

Trinity, a provider of rail products and services, reported a big EPS miss due to margin headwinds in the Rail Products business ๐Ÿš‚. They're keeping their full-year guidance unchanged, but this train's going downhill โ€“ negative news ๐Ÿ›ค๏ธ๐Ÿ‘Ž.

T. Rowe Price, an investment management firm, reported a small EPS beat of $1.69, slightly above the predicted $1.63 ๐Ÿ’ผ. Not a huge win, but it's a positive step for the money managers ๐Ÿ“Š๐Ÿ‘.

Uber, your favorite ride-hailing app, reported modest revenue upside ($8.82B vs. the Street's $8.71B), and bookings were about in line ($31.4B vs. the Street's $31.46B) ๐Ÿš—. The big win here is progress on profitability, so buckle up for a positive ride! ๐Ÿš™๐Ÿ‘

Zimmer Biomet, a medical device company, followed the lead of other device firms with strong Q1 upside and higher guidance ๐Ÿ’‰. Seems like they're putting the "hip" in hip replacements! Good news, it's positive! ๐Ÿฆด๐Ÿ‘

Zebra Technologies, a barcode scanning and printing company, reported a modest Q1 upside, but decided to cut their full-year guidance ๐Ÿฆ“. Guess they didn't quite "scan" the right profits, so we're calling this one negative ๐Ÿ˜ž๐Ÿ‘Ž.

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