Unhidea explains global investment research, selected interviews and market briefs. Explore source attribution, dates, key assumptions and the reasoning behind each article.
Improved supply chains in the Americas supported third-quarter performance, while the project pipeline in Europe, the Middle East and Africa also accelerated. Citi raised its earnings forecasts for the next three years, but margins in the Americas were slightly below its expectations, and execution of capacity expansion remains crucial.
Citi ·
Revenue and margins exceeded company guidance, and orders continued to expand; however, some revenue delayed from the second quarter shifted into the third quarter, while capacity expansion and new-product ramp-ups remain underway.
Bernstein ·
Third-quarter revenue and profit both substantially exceeded market consensus. The Americas led growth, but the region’s margin was below expectations. Bernstein believes the results eased concerns about accelerating growth in the second half.
Bernstein ·
Global business growth accelerated in the third quarter, partly benefiting from the recovery of revenue delayed in the second quarter. The company raised its full-year revenue and profit guidance, and Goldman Sachs subsequently increased its earnings forecasts and price target.
Goldman Sachs ·
