3M Raises 2023 View To Adj EPS $8.95-Adj EPS $9.15
3M Raises 2023 View To Adj EPS $8.95-Adj EPS $9.15.
3M Raises 2023 View To Adj EPS $8.95-Adj EPS $9.15 Read Post »
Industrials
General Electric Swings to Q3 Adjusted Earnings, Revenue Rises; Company Plans to Spin Off GE Vernova in Q2 2024
General Electric (GE) reported Q3 adjusted earnings Tuesday of $0.82 per share, swinging from a loss of $0.17 per share a year earlier. Analysts polled by Capital IQ expected $0.56. Revenue for the quarter ended Sept. 30 was $17.35 billion, compared with $14.47 billion a year earlier. Analysts surveyed by Capital IQ expected $15.69 billion. For 2023, the industrial conglomerate said it now expects adjusted earnings of $2.55 to $2.65 per share, from prior outlook range of $2.10 to $2.30. Analysts surveyed by Capital IQ expect $2.34. The company also said it now expects organic revenue growth in the low teens, from its previously announced guidance of a low-double-digit growth rate. Separately, the company said it plans to spin off GE Vernova and launch GE Aerospace at the beginning of Q2 2024. GE Vernova will trade on the New York Stock Exchange under the symbol “GEV,” while GE Aerospace will
RTX Now Sees 2023 Adjusted Sales About $74B; Had Seen $73B-$74B
RTX Now Sees 2023 Adjusted Sales About $74B; Had Seen $73B-$74B.
RTX Now Sees 2023 Adjusted Sales About $74B; Had Seen $73B-$74B Read Post »
RTX Raises 2023 Free Cash Flow View to $4.8B From $4.3B
RTX Raises 2023 Free Cash Flow View to $4.8B From $4.3B.
RTX Raises 2023 Free Cash Flow View to $4.8B From $4.3B Read Post »
Fiserv Raises 2023 Organic Rev Growth Outlook to 11%
Fiserv Raises 2023 Organic Rev Growth Outlook to 11%.
Fiserv Raises 2023 Organic Rev Growth Outlook to 11% Read Post »
RTX Raises Capital Return Commitment Through 2025 to $36B-$37B
RTX Raises Capital Return Commitment Through 2025 to $36B-$37B.
RTX Raises Capital Return Commitment Through 2025 to $36B-$37B Read Post »
Fiserv Raises 2023 View To Adj EPS $7.47-Adj EPS $7.52
Fiserv Raises 2023 View To Adj EPS $7.47-Adj EPS $7.52.
Fiserv Raises 2023 View To Adj EPS $7.47-Adj EPS $7.52 Read Post »
Fiserv Revises FY23 Organic Revenue Growth Outlook To 11% From 9%-11%
Fiserv Revises FY23 Organic Revenue Growth Outlook To 11% From 9%-11%, Adj. EPS To $7.47-$7.52 From $7.40-$7.50 Vs $7.42 Est.
Fiserv Revises FY23 Organic Revenue Growth Outlook To 11% From 9%-11% Read Post »
General Electric (NYSE:GE) CEO Says Offshore Wind To Have Similar Losses In 2024 Compared To 2023
General Electric (NYSE:GE) CEO Says Offshore Wind To Have Similar Losses In 2024 Compared To 2023 But Cash Flow Will Be Better; Says Offshore Wind Remains Difficult This Year With Losses Of Roughly $1B In 2023.
Fiserv (NASDAQ:FISV) Q3 Adjusted Earnings, Revenue Rise
Fiserv (NASDAQ:FISV) reported Q3 adjusted earnings Tuesday of $1.96 per diluted share, up from $1.63 a year earlier. Analysts polled by Capital IQ expected $1.93. Revenue for the quarter ended Sept. 30 was $4.87 billion, up from $4.52 billion a year earlier. Analysts surveyed by Capital IQ expected $4.60 billion. The company said it expects full-year 2023 adjusted earnings of between $7.47 and $7.52 per share, up from the previous guidance of between $7.40 and $7.50 per share. Analysts surveyed by Capital IQ expect $7.42.
Fiserv (NASDAQ:FISV) Q3 Adjusted Earnings, Revenue Rise Read Post »
General Electric (NYSE:GE) Announces Third Quarter 2023 Results
October 24, 2023 — General Electric (NYSE:GE) announced results today for the third quarter ending September 30, 2023. GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr. said, “GE delivered another quarter of very strong results with double-digit growth in revenue, profit, and cash. At GE Aerospace, we continue to experience rapid growth driven by robust demand and solid execution, largely in Commercial Engines and Services. At GE Vernova, our Grid and now Onshore Wind businesses were both profitable this quarter and we expect their performance to continue to improve. With our two largest Renewable Energy businesses delivering and Power’s continued strength, we remain highly confident in GE Vernova’s spin-off next year.” Culp concluded, “Based on our year-to-date results and continued momentum in the fourth quarter, GE is raising full-year 2023 guidance. We’re well-positioned to launch GE Aerospace and GE Vernova as independent companies in the beginning
General Electric (NYSE:GE) Announces Third Quarter 2023 Results Read Post »
Rockwell Automation Signs Agreement To Acquire Verve Industrial Protection
Rockwell Automation Signs Agreement To Acquire Verve Industrial Protection.
Rockwell Automation Signs Agreement To Acquire Verve Industrial Protection Read Post »