Breaking News
Feb 9, 2023
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NY Times said revenue in the fourth quarter increased 12.3% to $667.5 million and net income rose 1.3% to $70.7 million from $69.9 million and diluted EPS rose to 43 cents from 42 cents a year ago.
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NY Times said digital-only net subscribers increased 240,000 to 8.8 million and total subscribers rose to 9.55 million and digital-only ARPU declined 7% from a year ago to $8.93 in the fourth quarter.
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O’Reilly Automotive said revenue in the fourth quarter rose 11% to $3.6 billion and net income increased 2% to $529 million from $519 million and diluted EPS rose to $8.37 from $7.64 a year ago.
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O'Reilly said comparable store sales increased 9% in the fourth quarter on top of 14.5% in the previous year and in full-year 2022 rose 6.4% on top of 13.3% in 2021.
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Disney said in a conference call it plans to cut $5.5 billion costs, $3 billion from non-sports content and $2.5 billion from non-content expenses and plans to eliminate 7,000 jobs.
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Penske Automotive said revenue in the fourth quarter increased 11.4% to $7 billion and net income fell 4% to $298 million from $310.4 million and diluted EPS fell to $4.21 from $3.99 a year ago.
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Wynn said revenue in the fourth quarter was unchanged at $1.0 billion and swung to a profit of $32.4 million from a loss of $177 million and diluted EPS was 29 cents compared to ($1.54) a year ago.
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PepsiCo increased its annual dividend by 10% to $5.06 from $4.60 with the dividend expected to be paid in June 2023.
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PepsiCo said revenue in the fourth quarter increased 10.9% to $28 billion and net income dropped to $535 million from $1.3 billion and diluted EPS fell to 37 cents from 95 cents a year ago.
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Hilton's board of directors authorized regular quarterly cash dividend of 15 cents a share to shareholders on record on February 28 and to be paid on or before March 31.
