Streetbeat News

Earnings

TU

TELUS (NYSE:TU) reported Q4 adjusted EPS of $0.18, missing the $0.23 estimate, and sales of $3.82B, missing the $5.24B estimate. This represents a 32.31% decrease in earnings and an 18.57% decrease in sales from the same period last year.

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February 09, 2024 | 11:49 am

PLCE

Children's Place (PLCE) released its Q4 preliminary unaudited results, indicating sales of $454M-$456M, below the estimated $462.88M and prior guidance of $460M-$465M. The company expects an adjusted operating loss of 8%-9% of net sales, contrary to the previously guided 2%-3% operating income. This shift is attributed to lower merchandise margins due to aggressive promotions, higher e-commerce related split shipments, and increased inventory valuation adjustments. Year-end inventory is projected to be down 16%-20% from the previous year. Total liquidity as of February 3, 2024, is expected to be around $45 million, with a significant reduction in total indebtedness to approximately $277 million from $408 million in Q3 of fiscal 2023.

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February 09, 2024 | 11:42 am

EMBC

Embecta has updated its 2024 adjusted EPS forecast to $1.95-$2.15, up from the previous guidance of $1.90-$2.10, surpassing the consensus estimate of $2.00.

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February 09, 2024 | 11:40 am

ESNT

Essent Group (NYSE:ESNT) reported Q4 earnings of $1.64 per share, surpassing the $1.59 estimate, marking a 19.71% increase from last year. Sales reached $297.28M, exceeding the $286.18M estimate, a 29.23% increase from the previous year.

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February 09, 2024 | 11:32 am

EMBC

Embecta (NASDAQ:EMBC) reported Q1 adjusted EPS of $0.61, surpassing the $0.46 estimate, and sales of $277.30M, exceeding the $264.91M estimate. This represents a 36.46% decrease in EPS and a 0.58% increase in sales from the same period last year.

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February 09, 2024 | 11:31 am

MXC

Mexco Energy (AMEX:MXC) reported a significant decrease in both earnings per share and sales for Q3, with EPS down 71.43% to $0.16 from $0.56 YoY, and sales down 35.84% to $1.66M from $2.58M YoY.

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February 09, 2024 | 11:23 am

FTS

Fortis (NYSE:FTS) reported its Q4 adjusted earnings per share (EPS) at $0.529, slightly missing the analyst consensus estimate of $0.53 by 0.19%. This represents a 2.04% decrease from the $0.54 EPS reported in the same quarter last year.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 11:05 am

PEP

PepsiCo has updated its FY24 financial outlook, expecting at least a 4% increase in organic revenue and an 8% increase in core constant currency EPS. The company forecasts a core EPS of at least $8.15, surpassing the $8.14 estimate. It anticipates a core annual effective tax rate of 20%, total cash returns to shareholders of approximately $8.2 billion, including $7.2 billion in dividends and $1.0 billion in share repurchases. However, a 1-percentage-point foreign exchange translation headwind is expected to impact reported net revenue and core EPS growth.

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February 09, 2024 | 11:03 am

PRLB

Proto Labs (NYSE:PRLB) reported Q4 adjusted EPS of $0.46, surpassing the $0.30 estimate, and sales of $125.05M, exceeding the $122.72M estimate. This represents a significant increase over the previous year's earnings and sales.

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February 09, 2024 | 11:01 am

PEP

PepsiCo reported Q4 adjusted EPS of $1.78, surpassing the $1.72 estimate, marking a 6.59% increase from last year. However, their sales of $27.85B fell short of the $28.40B estimate, a 0.52% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 11:01 am