In today’s briefing:
- Fanuc (6954) | Earnings Miss; Guidance Slashed
- The Boeing Company: Collaboration With Intel & Other Major Developments
- General Electric Company: A Successful Turnaround?- Key Drivers
- Roper Technologies Inc.: Capitalizing on AI & Tech Synergy for Growth? – Key Drivers
Fanuc (6954) | Earnings Miss; Guidance Slashed
- Fanuc reported 1Q3/24 operating profit of ¥32.6 billion (-26.3% YoY), missing street expectations at around ¥43 billion
- Fanuc cut full year guidance for operating profit to ¥118 billion (-38% YoY), way below street estimates of ¥176 billion
- Turning bearish. We think the stock will essentially tread water given lack of catalysts over next 6-9 months and valuations
The Boeing Company: Collaboration With Intel & Other Major Developments
- Boeing delivered a mixed result in the recent quarter, with revenues above market expectations, but it failed to surpass the analyst consensus regarding earnings.
- In the quarter, Boeing booked 460 net orders and delivered 136 commercial airplanes.
- The results impacted by the continuing losses on MQ-25, the T-7A, Commercial Crew, and three fixed-price development programs hit Boeing in the quarter.
General Electric Company: A Successful Turnaround?- Key Drivers
- General Electric managed to exceed Wall Street expectations in terms of revenue and earnings.
- GE Vernova is also increasing spin with significant orders, improved profitability in Renewable Energy, and continuing margin expansion in Power.
- We give General Electric a ‘Hold’ rating with a revised target price.
Roper Technologies Inc.: Capitalizing on AI & Tech Synergy for Growth? – Key Drivers
- Roper delivered a strong positive result in the recent quarter and exceeded the expectations of the management in terms of both revenue and earnings.
- By the end of the year, Roper hopes to close its acquisition of Replicon, a bolt-on acquisition for the company’s Deltek business.
- Aderant, the software business of Roper that’s aimed at the needs of law firms, is quite excellent.
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