Sunday, April 28, 2024

Week in Review 17/24



 

Welcome and thanks for reading!

In this review, I will make a summary of important and interesting news and events over the last week related to my portfolio holdings. Also, I will put together some interesting articles from other websites that caught my attention during the past week.



Received Dividends:



April 24, 2024


  • €54.32– Cisco Systems, Inc. (CSCO)


April 25, 2024


  • €45.45– Ahold Delhaize N.V. (AMS:AD)


Week 17: Total net dividends €99.77


Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.



Portfolio Holdings News:



April 22, 2024


  • Verizon Communications Inc. (VZ) Reports Q1 2024 Results; VZ reports Q1 Non-GAAP EPS of $1.15, beating analyst estimates by $0.03 but decreased 4.2% year-over-year. Revenue grew 0.3% to $$33 billion, $230 million less than estimated. For 2024 Management guides total wireless service revenue growth of 2.0 percent to 3.5 percent, adjusted EBITDA growth of 1.0 percent to 3.0 percent and adjusted EPS of $4.50 to $4.70.



April 23, 2024


  • Texas Instruments Incorporated (TXN) Reports First Quarter 2024 Financial Results; TXN reports first quarter earnings of $1.20 per diluted share, 35% below last year's result but $0.13 more than expected. Revenue of $3.66 billion beats analyst estimates by $50 million but decreased 16.4% versus the same quarter last year. Management guides second quarter revenue in the range of $3.65 billion to $3.95 billion and earnings per share between $1.05 and $1.25.


  • NextEra Energy, Inc. (NEE) Reports First-Quarter 2024 Financial Results; NEE reports Q1 Non-GAAP EPS of $0.91, beating analyst estimates by $0.13 and increasing 8.3% year-over-year. Revenue of $5.73 billion misses analyst estimates by $750 million and decreased 14.7% versus the same quarter last year. For 2024, Management continues to expect adjusted earnings per share to be in the range of $3.23 to $3.43. For 2025 and 2026, Management expects to grow 6% to 8%, off the 2024 adjusted earnings per share range.


  • Kimberly-Clark Corporation (KMB) Announces First Quarter 2024 Results; KMB reports first quarter Non-GAAP EPS of $2.01, 20% above last year's result and $0.37 more than expected. Revenue fell 1% to $5.15 billion, beating analyst estimates by $60 million. Management updated its 2024 outlook: Organic Net Sales is now expected to grow mid-single digits versus the company's previous expectation of low-to mid-single-digit growth and Adjusted Earnings Per Share is now expected to grow at a low-teens percentage rate on a constant-currency basis, an increase from previous expectations of high-single-digit growth.


  • Philip Morris International Inc. (PM) Reports First-Quarter 2024 Results; PM reports first quarter Non-GAAP EPS of $1.50, 8.7% above from last year and $0.09 more than expected. Revenue grew 9.7% to $8.8 billion, which was $350 million more than expected. For Full-Year Management guides net revenue growth of 7% to 8.5% on an organic basis, adjusted Diluted EPS of $6.19- $6.31 and organic operating income growth of 10% to 12%.


  • PepsiCo, Inc. (PEP) Reports First-Quarter 2024 Results; PEP reports Q1 Non-GAAP EPS of $1.61, beating analyst estimates by $0.09 and increased 7% year-over-year. Revenue grew 2.2% to $18.25 billion, topping estimates by $140 million. For 2024 Management guides at least 4 percent increase in organic revenue, at least 8 percent increase in core constant currency EPS and core EPS of at least $8.15, a 7 percent increase compared to 2023 core EPS of $7.62.


  • Lockheed Martin Corporation (LMT) Reports First Quarter 2024 Financial Results; LMT reports Q1 Non-GAAP EPS of $6.33, 1.6% below last year's result but $0.47 more than expected. Revenue grew 13.7% to $17.19 billion, topping estimates $1.2 billion. For 2024 Management guides net sales of $68,500 - $70,000 million, Diluted earnings per share of $25.65 - $26.35 and Free cash flow of $6,000 - $6,300 million.



  • RTX Corporation (RTX) Reports Q1 2024 Results; RTX reports Non-GAAP EPS of $1.34, up 10% versus prior year and $0.11 ahead of estimates. Revenue of $19.3 billion beats analyst estimates by $900 million and increased 12.2% versus the same quarter last year. Company backlog of $202 billion; including $125 billion of commercial and $77 billion of defense. For full year 2024 Management guides sales of $78.0 - $79.0 billion, adjusted EPS of $5.25 - $5.40 and Free cash flow of approximately $5.7 billion.


  • United Parcel Service, Inc. (UPS) Releases 1Q 2024 Earnings; UPS reports Non-GAAP EPS of $1.43, beating analyst estimates by $0.08 but decreasing 35.8% year-over-year. Revenue of $21.7 billion misses analyst estimates by $240 million and decreased 5.2% versus the same quarter last year. For 2024 Management reaffirms its full-year targets: Consolidated revenue to be range from approximately $92.0 billion to $94.5 billion and consolidated adjusted operating margin to be range from approximately 10.0% to 10.6%.





April 24, 2024


  • AT&T Inc. (T) Reports First Quarter Results; T reports first quarter Non-GAAP EPS of $0.55, 8.3% below last year's result but $0.01 more than expected. Revenue of $30.02 billion misses analyst estimates by $510 million and decreased 0.4% versus the same quarter last year. For the full year Management guides wireless service revenue growth in the 3% range, Free cash flow in the $17-$18 billion range and Adjusted EPS in the $2.15-$2.25 range.




April 25, 2024


  • Neste Corporation (NESTE) Reports Interim Report for January–March 2024; NESTE reports first quarter Comparable EPS of €0.33, 54.2% below last year's result and €0.18 less than expected. Revenue of €4.8 billion misses analyst estimates by €600 million and decreased 9.4% versus the same quarter last year. Management maintains its guidance for the full year.


  • UPM-Kymmene Corporation (UPM) Interim Report Q1 2024; UPM reports comparable EPS of €0.47, beating analyst estimates by €0.08 but decreasing 7.8% year-over-year. Revenue fell 5.3% to $€.64 billion, missing estimates by €8 million. Management guides that 2024 comparable operating profit is expected to increase from 2023.


  • Orion Corporation (ORION) Reports Interim Report January–March 2024; ORION reports first quarter EPS of €0.31, which was the same as in the comparison period and €0.01 less than expected. Revenue grew 11.0% to €308.5 million, topping estimates €3.5 million. Management guides operating profit to be from €280 million to €310 million.


  • Kesko Corporation (KESKO) Reports First-Quarter Results 2024; KESKO reports comparable EPS €0.15, missing analyst estimates by €0.02 but decreasing 28.6% year-over-year. Revenue of €2,759.5 million misses analyst estimates by €20 million and decreased 2.4% versus the same quarter last year. Management expects comparable operating profit in 2024 to be €620-€700 million.





  • Intel Corporation (INTC) Reports First-Quarter 2024 Financial Results; INTC reports Non-GAAP EPS of $0.18, compared a loss of ($0.04) per share, for the same period a year ago and beating analyst estimates by $0.02. Revenue of $12.7 billion misses analyst estimates by $80 million but increased 8.5% versus the same quarter last year. Management guides second-quarter 2024 revenue of $12.5 billion to $13.5 billion and second-quarter non-GAAP EPS of $0.10.


  • Altria Group, Inc. (MO) Reports 2024 First-Quarter Results; MO reports first quarter Non-GAAP EPS of $1.15, 2.5% below from last year and in line with estimates. Revenue fell 0.8% to $4.72 billion, missing analyst estimates by $10 million. Management reaffirm 2024 full-year adjusted diluted EPS guidance range of $5.05 to $5.17, representing a growth rate of 2% to 4.5% from a base of $4.95 in 2023.



  • Gilead Sciences, Inc. (GILD) Announces First Quarter 2024 Financial Results; GILD reports Non-GAAP diluted (loss) EPS of $(1.32) in the first quarter 2024, compared to $1.37 in the same period in 2023. This result beat analyst estimates by $0.20. Revenue of $6.69 billion beats analyst estimates by $350 million and increased 5.4% versus the same quarter last year. For the full-year Management decreases Non-GAAP EPS guidance range from $6.85 - $7.25 to $3.45 - $3.85.


  • RTX Corporation (RTX) awarded $344 million contract; RTX business, has been awarded a $344 million contract for the development of two missile variants – the SM-2 Block IIICU and SM-6 Block IU – which will be based on a common guidance section, where the electronics and software that guide a missile to its target are housed.




April 26, 2024



  • AbbVie Inc. (ABBV) Reports First-Quarter 2024 Financial Results; ABBV reports first quarter Non-GAAP EPS of $2.31, 6.1% below last year's result but $0.05 more than expected. Revenue of $12.31 billion beats analyst estimates by $370 million and increased 0.7% versus the same quarter last year. Management raises 2024 Adjusted Diluted EPS Guidance Range from $10.97 - $11.17 to $11.13 - $11.33.


  • T. Rowe Price Group, Inc. (TROW) Reports First Quarter 2024 Results; TROW reports Q1 Non-GAAP EPS of $2.38 , beating analyst estimates by $0.36 and increasing 40.8% year-over-year. Revenue of $1.75 billion beats analyst estimates by $50 million and increased 13.6% versus the same quarter last year. Quarter-end assets under management of $1.54 trillion and net client outflows of $8.0 billion.




Articles that caught my attention:




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