Four Earnings Reports this Morning

There’s a lot of news this morning. Let’s start with FactSet (FDS) which increased its dividend by 8.5% to 89 cents per share. This is the 23rd year in a row that FactSet has raised its dividend.

Now to earnings. We had four Buy List stocks report this morning.

Let’s start with Hershey (HSY) which had a big beat. The chocolate company said its earnings rose 31.8% to $2.53 per share. That beat expectations of $2.10 per share. Hershey increased its full-year guidance to a range of $7.91 to $8.05 per share. That’s growth of 10% to 12%. The previous range was 8% to 10%.

Church & Dwight (CHD) reported Q1 earnings of 83 cents per share. That beat expectations of 77 cents per share. The company had been expecting 75 cents per share. For the year C&D sees earnings growth of 4% which is at the low end of their 4% to 8% range.

Carrier (CARR) announced earnings of 54 cents per share. Expectations were for 47 cents per share. Carrier also reiterated its full-year guidance of $2.20 to $2.30 per share.

Thermo Fisher (TMO) earned $7.25 per share compared with estimates of $6.18 per share. On its earnings call, Thermo raised its full year guidance from $22.43 per share to $22.65 per share.

For economic news this morning. Jobless claims came in at 180,000 which matched expectations. Q1 GDP was -1.4%. The economy shrunk last quarter but a lot of that was due to inventories. Consumption rose by 2.7%.

Posted by on April 28th, 2022 at 8:56 am


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