5 big earnings reports: UBS slips

© Reuters.

By Davit Kirakosyan

Investing.com -- In case you missed them, here are 5 of the biggest recent earnings reports, all first covered on InvestingPro.

UBS slips on earnings

UBS Group AG (NYSE:UBS) reported higher-than-expected Q4 net income as elevated interest rates helped offset a drawdown in trading volumes. The Swiss lender posted a net income of $1.65 billion (up 23% year-over-year), surpassing the consensus estimate of $1.29B.

However, analysts were mixed in their reaction, causing shares to drop more than 2% premarket today. Jefferies analysts attribute the company’s higher net income to one-off benefits and lower taxes, adding that the "bar is high" for UBS due to its shares trading near 52-week highs.

The company expects higher client activity in Q1, due to market recovery, and proposes a $0.55 dividend for 2022. The company bought back $5.6B of shares in 2022 and plans to buy back over $5B more in 2023.

Whirlpool misses on Q4 revenues but guides higher

Whirlpool (NYSE:WHR) shares rose more than 2% pre-market today after the company reported its Q4 results, with EPS of $3.89 coming in better than the consensus estimate of $3.26. Revenue fell 15.3% year-over-year to $4.92B, missing the consensus estimate of $5.07B. Whirlpool had earlier warned about a supply chain disruption that would affect its Q4 results.

The company expects fiscal 2023 EPS in the range of $16.00-$18.00, compared to the consensus of $15.65, and revenue of $19.4B, compared to the consensus of $19.2B.

NXP Semiconductors shares drop on weak outlook

NXP Semiconductors (NASDAQ:NXPI) shares fell more than 3% premarket today after the company announced mixed results for Q4, with revenue guidance for Q1 falling below expectations due to a weaker economy affecting demand for chips in the IoT and mobile sectors.

Q4 EPS came in at $2.76, missing the consensus estimate of $3.64. Revenue was $3.31B, compared to the consensus estimate of $3.3B.

The company expects Q1/23 EPS in the range of $2.82-$3.22, compared to the consensus of $3.09. Revenue is seen at $2.9B-$3.1B, compared to the consensus of $3.17B.

The company also hiked its quarterly dividend by 20% to $1.014 per ordinary share.

Sanmina gains on Q1 beat

Sanmina (NASDAQ:SANM) shares surged more than 7% premarket today after the company reported a Q1 beat and guided higher for Q2.

Q1 EPS came in at $1.64, better than the consensus estimate of $1.38. Revenue was $2.36B, beating the consensus estimate of $2.15B.

The company expects Q2/23 EPS in the range of $1.50-$1.60, compared to the consensus of $1.47. Revenue is expected in the range of $2.2B-$2.3B, compared to the consensus of $2.16B.

Harmonic shares plunge on weak guidance

Harmonic (NASDAQ:HLIT) shares plunged more than 12% premarket today following the company’s reported Q4 results. While Q4 EPS/revenue of $0.17/$164.3 million came in better than the consensus estimates, the company’s full-year guidance was weak.

For Q1/23, the company expects EPS of $0.07-$0.10, compared to the consensus of $0.10, and revenue of $152M-$165M, compared to the consensus of $161.1M.

Full-year EPS is expected to be in the range of $0.56-$0.72, compared to the consensus of $0.74, while revenue is seen at $695M-$735M, compared to the consensus of $734.24M.

Scott Kanowsky, Liz Moyer, and Yasin Ebrahim contributed to this report.

***

If you’re interested in upgrading your search for new investing ideas, check out InvestingPro.