[ad_1] Shares of Philip Morris Worldwide Inc. (NYSE: PM) stayed pink on Monday. The inventory has dropped over 6% year-to-date. The tobacco large is scheduled to report its first quarter 2024 earnings outcomes on Tuesday, April 23, earlier than markets open. Right here’s a have a look at what to anticipate from the earnings report: Income Analysts are projecting income of $8.46 billion for PMI within the first quarter of 2024. This compares to income of $8 billion reported in the identical interval final yr. Within the fourth quarter of 2023, revenues elevated 11% year-over-year to $9 billion. Earnings Philip…
Author: Staff Correspondent
[ad_1] Banking giants JPMorgan Chase & Co. (NYSE: JPM), Wells Fargo & Firm (NYSE: WFC), and Citigroup Inc. (NYSE: C) reported their earnings outcomes for the primary quarter of 2024 on Friday, with all three surpassing market expectations. Right here’s a take a look at their efficiency for the primary quarter: JPMorgan JPMorgan’s reported internet income elevated 9% year-over-year to $41.9 billion whereas its managed income rose 8% to $42.5 billion in Q1 2024. Internet earnings grew 6% to $13.4 billion whereas EPS rose 8% to $4.44. Each income and earnings beat expectations. Internet curiosity earnings grew 11% to $23.2…
[ad_1] Utility infrastructure service supplier Centuri Holdings, Inc. has initiated an preliminary public providing because it seeks to spin off from mum or dad firm Southwest Fuel Holdings and turn into an impartial entity. In a press release filed with the Securities and Change Fee, the Phoenix-headquartered agency revealed plans to supply round 12.4 million shares of its frequent inventory in an preliminary public providing. On completion of the providing, there will likely be about 86.66 million shares excellent, which might worth Centuri at $1.8 billion. The estimated concern value is between $18 and $21, on the mid-point of which…
[ad_1] Beer maker Constellation Manufacturers, Inc. (NYSE: STZ) on Thursday reported increased gross sales and comparable revenue for the fourth quarter of 2024. The outcomes additionally exceeded analysts’ estimates. Comparable earnings, adjusted for one-off objects, elevated to $2.26 per share within the fourth quarter from $1.98 per share final 12 months and got here in above Wall Avenue’s projection. On an unadjusted foundation, the corporate reported a revenue of $392.4 million or $2.14 per share for This fall, in comparison with $223.0 million or $1.21 per share within the prior 12 months interval. At $2.14 billion, fourth-quarter web gross sales…
[ad_1] UL Options Inc., a number one supplier of safety-focused testing and certification providers, is getting ready to go public, on the heels of the profitable market debut of Reddit and Astera Labs. Moreover its core choices centered on electrical and fireplace hazards, the tech agency additionally supplies software program merchandise and advisory providers. The Northbrook-headquartered firm just lately filed papers with the Securities and Change Fee for an preliminary public providing, aiming to boost round $800 million. UL Options plans to supply 28 million shares of frequent inventory for an estimated worth of $26-$29 per share. It has been…
[ad_1] AngioDynamics Inc. (NASDAQ: ANGO) has reported a wider web loss for the third quarter of 2024 when the medical machine maker’s income declined. The corporate additionally issued steerage for fiscal 2024. Internet loss, excluding particular objects, was $0.16 per share within the February quarter, in comparison with a lack of $0.03 per share within the corresponding interval of 2023. On an unadjusted foundation, web loss was $190.4 million or $4.73 per share in Q3, vs. a lack of $9.5 million or $0.24 per share within the prior-year quarter. Third-quarter revenues decreased 7% year-over-year to $75.2 million. The corporate expects…
[ad_1] After a gradual begin to the yr, the IPO market is witnessing a rush of tech and healthcare corporations searching for to go public, taking a cue from the upbeat investor sentiment. It’s estimated that the market is on the highway to restoration, ending the two-year-long slowdown. PACS Group, Inc., which operates post-acute care services and offers ancillary providers by way of its subsidiaries, not too long ago revealed plans to listing on the New York Inventory Alternate. The Utah-based firm intends to supply round 19 million shares, at an estimated value of $20-22 per share. On the mid-point…
[ad_1] Lamb Weston Holdings, Inc. (NYSE: LW), a number one provider of frozen potato merchandise to eating places and retailers, reported decrease adjusted earnings for the third quarter of 2024, regardless of a double-digit improve in internet gross sales. Third-quarter earnings, adjusted for particular objects, decreased to $1.20 per share from $1.47 per share a 12 months earlier. Web revenue, together with one-off objects, was $146.1 million or $1.01 per share in Q3, down 17% from the prior-year quarter. In the meantime, internet gross sales elevated 16% yearly to $1.46 billion through the three months. The highest line included $357…
[ad_1] Ending a slowdown that lasted for about two years, IPO exercise gained momentum this 12 months led by healthcare and know-how firms. The profitable listings of Reddit and Astera Labs have revitalized the market, which appears to be like headed for a busy 12 months. The most recent among the many tech corporations becoming a member of the IPO bandwagon is digital advertising software program agency Ibotta Inc. The IPO submitting of Ibotta, which is predicated in Denver and backed by retail large Walmart, comes after it turned worthwhile final 12 months. The providing is anticipated to elicit good…
[ad_1] Carnival Company & plc. (NYSE: CCL) on Wednesday reported a double-digit progress in revenues for the primary quarter of 2024. The cruise line operator’s web loss narrowed sharply. Revenues elevated by double digits to $5.41 billion within the February quarter, reflecting robust progress in each working segments. Occupancy elevated sharply to 102%. Consequently, Q1 web loss narrowed to $214 million or $0.17 per share from $693 million or $0.55 per share within the corresponding interval of 2023. The administration stated it expects full-year adjusted EBITDA to be round $5.63 billion. “This has been a incredible begin to the yr.…