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    • Breaking News
    Feb 23, 2023
    • Real gross domestic product expanded at a slower pace than previously estimated in the fourth quarter. GDP in the fourth quarter rose at annual pace of 2.7%, lower than previously estimated 2.9% pace. In the third quarter, real GDP increased at 3.2%. For the full-year 2022, real GDP growth slowed to 2.1% from 5.9% in 2021.  
      • Autodesk, Inc said fourth quarter revenue increased 9% to $1.32 billion and total billings increased 28% to $2.1 billion. Net income increased to $293 million from $98 million in the previous year. Diluted earnings per share rose to $1.35 from 40 cents a year ago. 

        In 2022, total revenue increased to $5.0 billion from $4.4 billion and net income rose to $823 million from $497 million and diluted earnings per share increased to $3.78 from $2.24 in the previous year. 
        • Atlas Air Worldwide said revenue in the fourth quarter increased to $1.2 billion from $1.1 billion and shipment volumes decreased to 84,916 block hours from 91,985 in the fourth quarter of 2021.  Net income in the quarter decreased to $126.0 million from $176.7 million and diluted earnings per share declined to $3.70 from $5.55 a year ago. 

          In 2022, revenue increased to $4.5 billion from $4.0 billion and volumes totaled 330,738 block hours compared with 364,061 in 2021.Net income in the period decreased to $355.8 million from $493 million and diluted earnings per share declined to $10.53 from $16.16 a year ago. 
          • Bath & Body Works, Inc said revenue in the fourth quarter decreased 5% to $2.9 billion from $3.05 billion and net income declined to $434 million from $594 million and diluted earnings per share fell to $1.89 from $2.28 in the previous year.

            In 2022, revenue declined to $7.6 billion from $7.9 billion and net income dropped to $800 million from $1.3 billion and diluted earnings per share fell to  $3.43 from $4.88 a year ago. 
            • Beacon Roofing Supply Inc said revenue in the fourth quarter increased to $1.96 billion from $1.75 billion and net income increased to $67.3 million from $62.0 million and diluted earnings per share rose to 88 cents from 76 cents a year ago. 

              In 2022, revenue increased to $8.4 billion from $6.8 billion and net income rose to $434.2 million from $219.0 million and diluted earnings per share to $5.55 from $2.70 in the previous year.  
              • Feb 22, 2023
              • Coinbase Global Inc said revenue in the fourth quarter declined to $605 million from $2.5 billion a year ago and the company swung to a loss of $557 million from $840 million a year ago. Diluted loss per share was $2.46 compared to a profit of $3.32 in the previous year.
                • CoStar Group said revenue in the fourth quarter increased 13% to $573 million and net income increased 34% to $124 million from $94 million a year ago. Diluted earnings per share increased to 31 cents from 24 cents a year ago. 
                  • Dillard's Inc said revenue in the fourth quarter was flat at $2.1 billion and net income declined to $289.2 million from $321.2 million a year ago. Diluted earnings per share increased to $16.89 from $16.61 in the previous year. 
                    • Haverty Furniture said revenue in the fourth quarter increased 5.5% to $280.6 million and net income declined to $23.7 million from $24.2 million a year ago. Diluted earnings per share increased to $1.45 from $1.35 in the previous year. 
                      • Palo Alto Networks said revenue in the fiscal second quarter ending in January increased 26% to $1.7 billion and the company swung to a net income of $84.2 million from a loss of $93.5 million a year ago. 

                        Diluted earnings per share was 25 cents compared to a loss of 32 cents in the previous year.