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    • Breaking News
    Jan 31, 2023
    • Corning said revenue in the Q4 decreased 7% to $3.4 billion and the company swung to a net loss of $36 million from a profit of $287 million and diluted EPS was (0.04) compared to 56 cents a year ago.
      • Corning Inc said fourth quarter loss was primarily driven by restructuring charges and non-cash, mark-to-market adjustments associated with the currency hedging contracts and yen denominated debt.
        • McDonald's said fourth quarter sales declined 1% to $5.9 billion and net income increased 16% to $1.6 billion and diluted earnings per share rose to $2.59 from $2.18 a year ago.
          • General Motors said fourth quarter sales increased 28.4% to $43.1 billion and net income increased 14.8% to $1.99 billion and diluted earnings per share rose to $1.39 from $1.16 a year ago.
            • Caterpillar said fourth quarter revenue increased 20% to $16.6 billion and net income in the quarter declined to $1.45 billion and diluted earnings per share fell to $2.79 from $3.91 a year ago.
              • UPS said fourth quarter revenue increased 2.7% to $27 billion and net income increased 11.6% to $3.45 billion and diluted earnings per share rose to $3.96 from $3.52 a year ago.
                • Exxon Mobil said fourth quarter 2022 revenue increased 12.3% to $95.4 billion and net income surged 45% to $12.8 billion and diluted earnings per share increased to $3.09 from $2.08 a year ago.
                  • PulteGroup said total revenue increased 18% to $5.2 billion and net income increased 33%to $882.2 million and earnings per share rose to $3.85 from $2.61 a year ago.
                    • PulteGroup said average home price rose 17% to $571,000 and home closings increased 3% to 8,848 in the fourth quarter, home order backlog fell 32% to 12,162 and declined 22% to $7.6 billion.
                      • Switzerland-based UBS AG said fourth quarter revenue fell 9% to $8 billion and net income rose to $1.65 billion from $1.34 billion and diluted EPS increased to 50 cents from 38 cents a year ago.