Results for: Adjusted EPS

Sirius XM Holdings Inc (NASDAQ: SIRI) reported a 4% decline in revenue for the fiscal third quarter of 2024, missing analyst expectations. However, the company’s adjusted EPS exceeded estimates, and subscriber revenue remained relatively stable. The decline in revenue was attributed to a decrease in self-pay subscribers and lower average revenue per user. Despite the challenges, Sirius XM’s outlook for the full year remains positive, with the company maintaining its adjusted EBITDA and free cash flow targets.

ICON Plc (ICLR) has revised its 2024 outlook, adjusting revenue and adjusted EPS ranges. Revenue is now projected to be $8.48B-$8.72B, while adjusted EPS is expected to be $14.65-$15.15. In Q1 2024, ICON reported a miss on diluted EPS but met revenue expectations. Net income grew by ~61% year-over-year to ~$187.4M, with diluted EPS at $2.25 compared to $1.41 in Q1 2023. Despite the EPS miss, ICON’s acquisition of PRA continues to generate synergies, impacting the company’s overall performance.

Fortive Corporation (FTV) has reported positive first-quarter fiscal year 2024 results, with revenue growth of 4% to $1.525 billion. The company’s segments performed well, with Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions each contributing to the growth. The adjusted operating margin increased by 110 basis points to 25.1% due to gross margin expansion, leading to an 11% year-over-year improvement in adjusted EPS to 83 cents. Fortive declared a quarterly cash dividend of $0.08 per share. The company revised its revenue forecast for FY24 to $6.35 billion-$6.43 billion, while raising its adjusted EPS outlook to $3.77-$3.86. Despite the positive earnings, FTV shares were trading 7.24% lower at $74.86 in premarket trading.

General Motors Company (NYSE: GM) announced strong fiscal first-quarter 2024 results, reporting a 7.6% year-over-year sales growth to $43.01 billion, exceeding analyst expectations of $41.88 billion. Adjusted EPS of $2.62 also surpassed consensus estimates of $2.14, leading to a surge in the stock price.