US stock markets closed mixed, Nasdaq declined, economic data positive, Asian markets higher, Eurozone and commodities mixed, US futures and forex varied.
Pentair PLC reported Q4 FY23 sales decline of 1.8% to $984.6M, with gross margin up to 37.2%. EPS beat consensus at $0.87. Outlook for Q1 FY24: EPS $0.81-$0.84, FY24: EPS $3.82-$3.92. Stock up 0.52%.
PulteGroup reported a fourth-quarter fiscal 2023 total revenue decline of 15.5% year-over-year to $4.29 billion, missing the consensus of $4.48 billion.
United Parcel Service reports a 7.8% decline in Q4 2023 revenue, falling short of market expectations at $24.92 billion. Despite this, UPS aligns with EPS forecasts and announces a dividend increase for Q1 2024, signaling mixed financial performance amid challenging market conditions.
While facing challenges with rising costs and profit decline in Q3, Ryanair remains optimistic about its FY24 outlook. The company anticipates traffic growth and maintains firm orders for 150 MAX 10 jets, signaling its commitment to expansion despite near-term obstacles