Chunghwa Telecom Expects 2023 Total Revenue To Increase By 2.1%~2.8%
Chunghwa Telecom Co., Ltd. (CHT) said, for 2023, net income attributable to stockholders of the parent is projected to be NT$34.55~NT$36.10 billion, representing a decrease of 5.4%~1.2% from last year. Net earnings per share are expected to be NT$4.45~NT$4.65, a decrease of 5.4%~1.2% year over year.
For 2023, the company expects total revenue to increase by 2.1%~2.8%, to NT$221.27~NT$222.79 billion. The company expects the increase in revenue to be driven by increases in mobile communications revenue, broadband access revenue, and data communications revenue, as well as revenue coming from the expansion of emerging business in the digital economy.
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Griffon Corp. Q1 Profit Increases, beats estimates
Griffon Corp. (GFF) revealed a profit for its first quarter that increased from the same period last year and beat the Street estimates.
The company’s bottom line totaled $48.70 million, or $0.88 per share. This compares with $19.30 million, or $0.36 per share, in last year’s first quarter.
Excluding items, Griffon Corp. reported adjusted earnings of $47.42 million or $0.86 per share for the period.
Analysts on average had expected the company to earn $0.81 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 9.7% to $649.38 million from $591.75 million last year.
Griffon Corp. earnings at a glance (GAAP) :
-Earnings (Q1): $48.70 Mln. vs. $19.30 Mln. last year.
-EPS (Q1): $0.88 vs. $0.36 last year.
-Analyst Estimate: $0.81
-Revenue (Q1): $649.38 Mln vs. $591.75 Mln last year.
NVR Inc. Q4 Income Climbs, Beats estimates
NVR Inc. (NVR) released a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company’s earnings came in at $454.77 million, or $133.44 per share. This compares with $334.58 million, or $89.09 per share, in last year’s fourth quarter.
Analysts on average had expected the company to earn $98.88 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 22.5% to $2.67 billion from $2.18 billion last year.
NVR Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $454.77 Mln. vs. $334.58 Mln. last year.
-EPS (Q4): $133.44 vs. $89.09 last year.
-Analyst Estimate: $98.88
-Revenue (Q4): $2.67 Bln vs. $2.18 Bln last year.
Green Plains Gains 12% As Investor Ancora Urges Board To Explore Sale
Shares of Green Plains Inc. (GPRE) are gaining over 12% on Tuesday morning after investor Ancora sent a letter to the company urging the board to explore a sale.
GPRE is currently trading at $34.87, up $3.82 or 12.30%, on the Nasdaq. The stock opened its trading at $30.67 after closing previous day’s trading at $31.05. The stock has traded between $26.09 and $41.25 in the past 52-week period.
Ancora Holdings Group is the second largest shareholder of Green Plains with ownership of nearly 7% of the company’s outstanding common shares.
Ancora, in the letter, said that “Green Plains’ underlying value is significantly greater than where its shares are trading today, we are asking the Board to commence a review of value-maximizing strategic alternatives.”
“We estimate a strategic buyer would pay $50 per share, or more, to acquire Green Plains in a robust strategic process,” it added.
Imperial Oil Q4 Profit Soars, Tops Estimates; Declares Dividend
Imperial Oil Ltd. (IMO,IMO.TO) reported on Tuesday that fourth-quarter net income soared to C$1.73 billion or C$2.86 per share from C$813 million or C$1.18 per share in the prior-year quarter.
Total revenues and other income for the quarter increased to C$14.45 billion from C$12.31 billion in the same quarter last year.
On average, analysts polled by Thomson Reuters expected the company to report earnings of C$2.56 per share on revenues of C$15.92 billion for the quarter. Analysts’ estimates typically exclude special items.
The company’s production averaged 441,000 gross oil-equivalent barrels per day in the quarter, down from 445,000 barrels per day in the same period last year.
Separately, the company declared a quarterly dividend of 44 cents per share on the outstanding common shares of the company, payable on April 1, 2023, to shareholders of record at the close of business on March 3, 2023.
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Motorsport Games Stock More Than Triples
Shares of Motorsport Games Inc. (MSGM) are surging over 200% on Tuesday morning after the company regained full compliance with Nasdaq listing rules. The company also announced debt-for-equity exchange with its parent company Motorsport Network.
MSGM is currently trading at $8.12, up $5.48 or 207.57%, on the Nasdaq, on a huge volume of 10 million shares, above average volume of 135 thousand. The stock opened its trading at $2.90 after closing Monday’s trading at $2.64. The stock has traded between $2.01 and $46.90 in the 52-week period.
Motorsport Games, a racing game developer and publisher, announced that it has received notice from the Nasdaq Stock Market LLC on January 30, 2023 informing the company that it has regained full compliance with the Nasdaq Listing Rules.
Motorsport Games previously notified Nasdaq on November 11, 2022 that it was no longer in compliance with Nasdaq Listing Rule 5550(a)(4) requiring minimum of 500,000 publicly held shares.
Motorsport Games announced that the company has entered into a debt-for-equity exchange agreement with its majority stockholder, Motorsport Network LLC to repay $1 million in debt of the company under its $12 million line of credit with Motorsport Network.