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- Afternoon Round-up - May 2, 2023
Afternoon Round-up - May 2, 2023
Earnings. Earnings Everywhere.
๐ฐThe Olโ Earnings Machine
Letโs get started. ๐
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 ๐.
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 ๐ข.
ADT Inc., providing security, automation, and smart home solutions, met earnings expectations and kept future guidance steady. Playing it safe, just like their services ๐.
AGCO, the agricultural equipment manufacturer and distributor, crushed it in earnings and raised future predictions. They're harvesting success in the fields ๐.
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 โ๏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 ๐.
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 ๐งช.
Ecolab, offering water, hygiene, and energy technologies/services, exceeded earnings expectations and provided reasonable future guidance. A clean start to the year, indeed ๐งผ.
Enterprise Products, providing midstream energy services, posted modest earnings growth. Not exactly striking oil, but still keeping things flowing ๐ข๏ธ.
Eaton, offering electrical, hydraulic, and mechanical power management solutions, exceeded earnings expectations and raised future guidance. Things are looking positively charged ๐.
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 ๐ฆ.
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 โก๐.
Graphic Packaging, designing and manufacturing packaging solutions, exceeded earnings expectations and raised future guidance. They've definitely got the whole package ๐.
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 โ๏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 ๐.
IDEXX, a leader in pet healthcare and veterinary diagnostics, reported better-than-expected Q1 earnings and raised their guidance for the year ๐ถ๐ฑ. These furry friends are bringing home the bacon for IDEXX, so paws up for positive news! ๐พ๐
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 ๐. They must know what they're doing, so that's a positive sign! ๐ฎ๐
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 ๐ ๏ธ. The raised guidance might be stingy, but hey, overall it's a positive update! ๐ผ๐
Marriott, the hotel giant, posted strong results and bullish guidance, proving that people still love to travel and chill ๐จ๐ด. The travel and leisure industry remains solid, and that's a positive vibe! ๐
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 ๐ข๏ธ. Good news, they're fueling profits and our cars ๐๐จ.
MDC Holdings, a home construction company, crushed Wall Street's expectations with $1.08 EPS compared to the predicted $0.62 ๐ . Home sweet profits, baby! Positive news for the homebuilders ๐ก๐ฐ.
Molson Coors, a brewing company, reported a solid Q1 upside but left their full-year guidance unchanged ๐ป. We're enjoying the party, but not going wild โ the news is neutral ๐บ๐ถ.
Pfizer, the pharmaceutical giant, reported impressive Q1 results, mainly driven by their COVID vaccine ๐. But with their full-year guidance unchanged, we're feeling a mix of positive and neutral news here ๐๐.
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 ๐ท. Ouch, that's a negative update for the healthcare peeps ๐๐.
Restaurant Brands, the mastermind behind Burger King, Popeyes, and Tim Hortons, cooked up solid upside with total comps +10% and EPS of 75 cents ๐๐. Delicious profits, so that's a positive bite! ๐ฉ๐
Sealed Air, a packaging company, fell short in Q1 EPS and EBITDA, blaming a recessionary environment and destocking ๐ฆ. It's a bumpy ride, but they're holding onto their full-year guidance, so the news is slightly negative ๐๐.
Sysco, a food distribution company, reported a FQ3 shortfall with EPS of 90 cents and EBITDA of $900M ๐ฒ. Industry softness leaves a bad taste, so that's negative news ๐ฅข๐.
Trinity, a provider of rail products and services, reported a big EPS miss due to margin headwinds in the Rail Products business ๐. They're keeping their full-year guidance unchanged, but this train's going downhill โ negative news ๐ค๏ธ๐.
T. Rowe Price, an investment management firm, reported a small EPS beat of $1.69, slightly above the predicted $1.63 ๐ผ. Not a huge win, but it's a positive step for the money managers ๐๐.
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) ๐. The big win here is progress on profitability, so buckle up for a positive ride! ๐๐
Zimmer Biomet, a medical device company, followed the lead of other device firms with strong Q1 upside and higher guidance ๐. Seems like they're putting the "hip" in hip replacements! Good news, it's positive! ๐ฆด๐
Zebra Technologies, a barcode scanning and printing company, reported a modest Q1 upside, but decided to cut their full-year guidance ๐ฆ. Guess they didn't quite "scan" the right profits, so we're calling this one negative ๐๐.
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