Q: Your thoughts please on the quarter? Thx
5i Research Answer:
EPS of $1.38 beat estimates of $1.01; revenue of $10.38B beat estimates of $10.27B. EBITDA of $980M beat estimates by 18%. The stock is up 78% in the past year and trades at 9x earnings. The quarter itself was fine, with the 'beat' driven by the power and vision divisions. But, MG cut its full year sales guidance, to $41.5B+, from $41.9B+. Not a huge adjustment, but enough to take some of the recent glow off the stock. For the year, it is still expected to show very good overall earnings growth, regardless.