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Centene Earnings Top Estimates in Q4

Centene Corp. reported Q4 net income of $283 million, earnings of 80 cents per share, and revenue of $40.81 billion, topping Wall Street expectations.

Oaktree Specialty Lending reports Q1 profit of $7.2 million, matching estimates

Oaktree Specialty Lending Corp. reports Q1 profit of $7.2 million, in line with expectations. Revenue missed estimates with $86.6 million.

CorVel Corp. reports $23.8 million profit in fiscal third quarter

CorVel Corp. (CRVL) reports $23.8 million in profit for its fiscal third quarter with a net income of 46 cents per share.

Gartner Earnings: $5.45/Share Beats Estimate

Gartner Inc. (IT) reports Q4 EPS of $5.11, beats by $1.89, revenue of $1.72B, beats by $40M.

PepsiCo Demand Stays Weak in North America

PepsiCo faces continued weak demand in North America for its snacks and drinks during the fourth quarter.

Axalta Coating Systems beats estimates, sees higher earnings

Axalta Coating Systems (AXTA) beats earnings and revenue expectations for Q4, with earnings per share of 60 cents and revenue of $1.31 billion. For the year, the company reports profit of $391 million or $1.78 per share, with revenue of $5.28 billion. Axalta forecasts earnings of 54 cents per share for the current quarter and $2.50 to $2.60 per share for the full year, with revenue between $5.35 billion and $5.4 billion.

Ingredion profit slumps in Q4, shares fall

Ingredion Inc. reported Q4 net income of $95 million ($1.43 per share) on revenue of $1.8 billion. Adjusted EPS was $2.63. For the year, the company reported profit of $647 million ($9.71 per share) on revenue of $7.43 billion. Ingredion expects full-year earnings in the range of $10.75 to $11.55 per share.

Merck Q4 Earnings Top Estimates

Merck reports Q4 net income of $3.74B, surpassing expectations with $1.72 EPS, revenue of $15.62B. The company forecasts 2023 earnings between $8.88-$9.03 per share and revenue between $64.1B-$65.6B.

Aramark Q1 Profit Tops Wall St View

Aramark Holdings Corp. (ARMK) reported fiscal first-quarter profit of $105.6 million, or 39 cents per share. Adjusted earnings were 51 cents per share, exceeding Wall Street expectations of 48 cents. Revenue of $4.55 billion fell short of estimates of $4.61 billion. Aramark shares have increased 3% YTD and 29% in the last 12 months.

MPC Reports Fourth-Quarter Profit Beat

Marathon Petroleum Corp. (MPC) reported fourth-quarter profit of $371 million, or $1.15 per share, beating Wall Street expectations of 6 cents per share.