Breaking News
Feb 17, 2023
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Hyatt Hotels said revenue in the fourth quarter increased 49% to $1.59 billion and the hotel operator swung to a profit of $294 million from a loss of $29 million and diluted EPS was $2.74 from ($0.26) a year ago.
In 2022, revenue increased 97% to $5.9 billion from $3.0 billion and swung to a profit of $455 million from a loss $222 million or $4.09 from ($2.13) a share a year ago. -
Cisco Systems Inc said revenue in the fiscal second quarter ending in January increased 7% to $13.6 billion and net income dropped 7% to $2.8 billion from $3.0 billion and diluted earnings per share declined to 67 cents from 71 cents a year ago. The company increased quarterly dividend by 1 cent to 39 cents to be paid on April 26 to shareholders on record on April 5.
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Boston Beer said revenue in the fourth quarter increased 28.6% to $447.5 million and net loss in the quarter fell to $11.4 million from $51.7 million and diluted loss per share fell to 93 cents from $4.22 a year ago. In 2022, revenue increased 1.6% to $2.09 billion net income rose to $67 million from $14.5 million or $5.44 from $1.17 a year ago.
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Choice Hotels revenues increased 27% to $362 million but net income decreased 13% to $55.5 million from $64 million and diluted earnings per share fell to $1.04 from $1.14 a year ago.
In 2022, revenue increased 31% to $1.4 billion and net income increased 15% to $332 million from $288 million or $5.99 from $5.15 a share year ago. -
Copa Holdings said revenue in the fourth quarter rose 30.6% to $890.6 million from the corresponding period in 2019 and net income soared to $88.3 million from $2.7 million or basic EPS increased to $2.23 from 6 cents a share in the period. In 2022, revenue increased 9.5% to $2.96 billion and net income rose 41% to $348 million or $8.58 from $5.81 a share in the 3-year period.
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Shopify said revenue in the fourth quarter increased 25.3% to $1.7 billion and net loss increased to $672 million from $371 million and diluted loss per share rose to 49 cents from 30 cents a year ago. In 2022, revenue increased to $5.6 billion and the online e-commerce platform swung to a net loss of $3.5 billion from a profit of $2.9 billion or ($2.73) from $2.29 a share a year ago.
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The Producer Price Index for final demand increased 0.7% in January from the previous month and advanced 6.0% in a year, the most in seven months. Prices for final demand goods advanced 1.2%, and index for final demand services rose 0.4%.
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Chefs' Warehouse said revenue in the fourth quarter increased 41.8% to $791.3 million but net income plunged to $1.2 million from $8.4 million or diluted EPS declined to 3 cents from 22 cents a year ago.
In 2022, revenue increased to $2.6 billion from $1.7 billion and the food distributor swung to a net profit of $27.8 million from a loss of $4.9 million or 73 cents from (13 cents) a share. -
Upwork Inc said revenue in the fourth quarter increased 18% to $161.4 million and net loss declined to $16.5 million from $22.6 million and diluted loss per share fell to 13 cents from 18 cents a year ago.
In 2022, revenue increased to $618.3 million from $502.8 million and net loss expanded to $89.9 million from $56.2 million or 69 cents from 44 cents a share a year ago. -
Seasonally adjusted retail and food services sales in January not adjusted for price increased 3.0% from December and jumped 6.4% from a year ago. The November and December sales were unrevised at -1.1%. Retail trade sales were up 2.3% from December and 3.9% from last year and food services and drinking places sales soared 25.2% from a year ago.
Feb 16, 2023
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