Archer-Daniels-Midland Co (ADM) Q3 2023 (USD):
Adj. EPS: $1.63 (BEAT, expected: $1.52)
Revenue: $21.70 billion (MISS, expected: $23.68 billion)
Note: Raises FY23 earnings outlook
Verizon Communications Inc (VZ) Q3 2023 (USD):
EPS: $1.22 (BEAT, expected: $1.18)
Revenue: $33.3 billion (BEAT, expected: $33.25 billion)
Note: Raises FCF guidance
Sherwin-Williams Co (SHW) Q3 2023 (USD):
Adj. EPS: $3.20 (BEAT, expected: $2.77)
Revenue: $6.12 billion (BEAT, expected: $6.02 billion)
Coca-Cola Co (KO) Q3 2023 (USD):
Adj. EPS: $0.74 (BEAT, expected: $0.69)
Revenue: $12.00 billion (BEAT, expected: $11.44 billion)
Organic Revenue Growth: +11.0% (BEAT, expected: +6.9%)
Note: Raises FY EPS growth view to +7-8% (previous: +5-6%), Raises FY Adj. Revenue growth view to +10-11% (previous: +8-9%; expected: +9.88%).
RTX Corporation (RTX) Q3 2023 (USD):
Adj. EPS: $1.25 (BEAT, expected: $1.21)
Revenue: $19 billion (BEAT, expected: $18.59 billion)
Note: Announces $10 billion accelerated share buyback program
Halliburton Co (HAL) Q3 2023 (USD):
Adj. EPS: $0.77 (MEET, expected: $0.77)
Revenue: $5.804 billion (MISS, expected: $5.86 billion)
PulteGroup Inc (PHM) Q3 2023 (USD):
EPS: $2.90 (BEAT, expected: $2.84)
Revenue: $3.89 billion (MISS, expected: $4.02 billion)
Note: Says despite high rates, desire for homeownership is strong while the supply remains constrained
General Motors Co (GM) Q3 2023 (USD):
Adj. EPS: $2.28 (BEAT, expected: $1.88)
Revenue: $44.13 billion (BEAT, expected: $43.68 billion)
Note: Withdraws FY23 guidance due to strike uncertainty
3M Co (MMM) Q3 2023 (USD):
Adj. EPS: $2.68 (BEAT, expected: $2.34)
Revenue: $8.3 billion (BEAT, expected: $7.98 billion)
Adjusted Revenue: $8.00 billion
Note: Raises FY Adj. EPS view to $8.95-$9.15 (previous: $8.60-$9.10; expected: $8.87), FY23 Revenue view: -5% (expected: -7.7%)
General Electric Co (GE) Q3 2023 (USD):
Adj. EPS: $0.82 (BEAT, expected: $0.56)
Adjusted Revenue: $16.50 billion (BEAT, expected: $15.7 billion)
Note: Raises FY Adj. EPS view to $2.55-$2.65 (previous: $2.10-$2.30; expected: $2.36), FY organic Revenue view: “low teens” (previous: “low double digits”)
Dow Inc (DOW) Q3 2023 (USD):
EPS: $0.42 (MISS, expected: $0.44)
Revenue: $10.73 billion (MISS, expected: $10.32 billion)
Q4 Revenue view: $10.0-$10.5 billion (expected: $10.7 billion)