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UniFirst Sees FY23 Adj. EPS Below View; Q4 Results Top Estimates

The Travelers Companies Inc. Q3 Profit Decreases, but beats estimates

The Travelers Companies Inc. (TRV) announced earnings for third quarter that decreased from last year but beat the Street estimates.

The company’s earnings came in at $454 million, or $1.89 per share. This compares with $662 million, or $2.62 per share, in last year’s third quarter.

Excluding items, The Travelers Companies Inc. reported adjusted earnings of $526 million or $2.20 per share for the period.

Analysts on average had expected the company to earn $1.60 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 5.6% to $9.30 billion from $8.81 billion last year.

The Travelers Companies Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $454 Mln. vs. $662 Mln. last year.
-EPS (Q3): $1.89 vs. $2.62 last year.
-Analyst Estimates: $1.60
-Revenue (Q3): $9.30 Bln vs. $8.81 Bln last year.

Nasdaq Inc. Q3 Profit Increases, beats estimates

Nasdaq Inc. (NDAQ) announced earnings for its third quarter that increased from last year and beat the Street estimates.

The company’s earnings totaled $294 million, or $0.59 per share. This compares with $288 million, or $0.56 per share, in last year’s third quarter.

Excluding items, Nasdaq Inc. reported adjusted earnings of $335 million or $0.68 per share for the period.

Analysts on average had expected the company to earn $0.65 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 14.7% to $1.56 billion from $1.36 billion last year.

Nasdaq Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $294 Mln. vs. $288 Mln. last year.
-EPS (Q3): $0.59 vs. $0.56 last year.
-Analyst Estimate: $0.65
-Revenue (Q3): $1.56 Bln vs. $1.36 Bln last year.

Badger Meter Inc. Reveals Advance In Q3 Bottom Line, Beats estimates

Badger Meter Inc. (BMI) reported a profit for its third quarter that increased from last year and beat the Street estimates.

The company’s bottom line came in at $17.93 million, or $0.61 per share. This compares with $15.86 million, or $0.54 per share, in last year’s third quarter.

Analysts on average had expected the company to earn $0.57 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 15.0% to $148.01 million from $128.74 million last year.

Badger Meter Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $17.93 Mln. vs. $15.86 Mln. last year.
-EPS (Q3): $0.61 vs. $0.54 last year.
-Analyst Estimate: $0.57
-Revenue (Q3): $148.01 Mln vs. $128.74 Mln last year.

Elon Musk Launches ‘Burnt Hair’ Perfume

Elon Musk, CEO of luxury electric car maker Tesla, is promoting “Burnt Hair perfume,” a product launched by his tunnel construction firm The Boring Co. in a couple of tweets on Wednesday. This has also seen Musk changing his Twitter bio to “Perfume Salesman” in his bid to boost the sales of the $100 perfume bottle.

Musk tweeted that “Over 5000 bottles of Burnt Hair sold!” and about four hours later tweeted “10,000 bottles of Burnt Hair sold” that translates to about $1 million worth of the new perfume sold on twitter in pre-orders. The product will be available in the first quarter of 2023.

Being a long-time advocate of cryptocurrency DogeCoin (DOGE) and preferring it over Bitcoin, Musk has tweeted, “And you can pay with Doge!” He also claimed the product to be “The finest fragrance on Earth!” while the website describes Burnt Hair as “The Essence of Repugnant Desire.”

The value of Dogecoin has increased and plunged based on Musk’s promotion in recent times.

Ally Financial Q3 Profit Misses Estimates; Adj. Revenue Down 1%

Ally Financial Inc. (ALLY) reported net income attributable to shareholders of $272 million in the third quarter, compared to $683 million, a year ago, as higher net financing revenue was more than offset by higher provision for credit losses, higher noninterest expenses and lower other revenue. GAAP EPS was $0.88 compared to $1.89. Adjusted EPS was $1.12 compared to $2.16. On average, 18 analysts polled by Thomson Reuters expected the company to report profit per share of $1.70, for the quarter. Analysts’ estimates typically exclude special items.

Net financing revenue was $1.72 billion, up $125 million year over year, as continued strength in auto pricing and origination volume and incremental loan growth outweighed higher funding costs. Adjusted total net revenue was $2.09 billion compared to $2.11 billion, last year. Analysts on average had estimated $2.16 billion in revenue.

Ally’s board approved a $0.30 per share common dividend for the fourth quarter of 2022.

Shares of Ally Financial are down 7% in pre-market trade on Wednesday.

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UniFirst Sees FY23 Adj. EPS Below View; Q4 Results Top Estimates

While reporting financial results for the fourth quarter on Wednesday, UniFirst Corp. (UNF) initiated its earnings, adjusted earnings and revenues guidance for the full-year 2023.

For fiscal 2023, the company now projects earnings in a range of $5.50 to $5.90 per share and adjusted earnings in a range of $7.10 to $7.50 per share on revenues between $2.145 billion and $2.160 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $7.72 per share on revenues of $2.12 billion for the year. Analysts’ estimates typically exclude special items.

For the fourth quarter, the company reported net income of $26.18 million or $1.39 per share, down from $34.61 million or $1.82 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $1.79 per share.

Total revenue for the quarter increased 11.0 percent to $516.41 million from $465.28 million in the same quarter last year.

The Street was looking for earnings of $1.73 per share on revenues of $512.12 million for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com