Breaking News
Jan 26, 2023
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CSX Corp said fourth quarter revenue increased 9% to $3.73 billion and net income increased 9% to $1.0 billion from $934 million and earnings per share rose 17% to 49 cents from 42 cents a year ago.
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The U.S. economy expanded at 2.9% annual pace in the fourth quarter, slower than 3.2% in the third quarter, the BEA said in a preliminary report. 2022 GDP rose 2.1% following a 5.9% rise in 2021.
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U.S. durable goods orders soared 5.6% in December from previous month and orders, largest increase since July 2020. Transportation orders increased 16.7% and orders excluding transportation fell 0.1%.
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U.S. weekly jobless claims fell 6,000 from upwardly revised previous week to 186,000 in the week ending January 21, the lowest since April and the 4-week moving average fell 9,250 to 197,000.
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U.S. new home sales in December rose for the third month in a row to 616,000 annual pace but plunged 26.6% in 2022 to 644,000, the lowest level in four years.
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UK car production fell 9.8% in 2022 to 775,014 units with 78% production exported. Domestic demand rose 9.4% to 168,176 and exports fell 14% to 606,838 units. EV and hybrids account for 30% of total.
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SAP said revenue in the December quarter increased 6% to €8.4 billion and net income plunged 77% to €332 million and diluted earnings per share dropped 66% to 47 cents from €1.23 a year ago.
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Sherwin Williams said revenue in the December quarter increased 9.8% to $5.2 billion and net income increased 10% to $386 million and diluted EPS rose to $1.48 from $1.15 a year ago.
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T. Rowe Price Group said the December quarter revenue dropped 22% to $1.5 billion and net income plunged 64% to $266 million and diluted earnings per share fell to $1.16 from $3.18 a year ago.
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Valero Energy said revenue in the December quarter rose 16.2%to $41.7 billion and net income increased three-fold to $3.2 billion and diluted earnings per share soared to $8.15 from $2.47 a year ago.
