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Shares of Warner Media (WMG) Climbed, HCA Healthcare (HCA) Steady And ManpowerGroup (MAN) Slipped After Quarterly Reports

Warner Music Group Corp. (WMG) was up +6.96% to $37.97. In line with estimates and better-than-expected sales, Warner Music Group posted quarterly earnings. The double-digit growth in digital sales helped the company, amid the pandemic, to increase its overall revenues by more than 6 percent. Best of all, as an individual entity, the group produced the greatest quarterly sales. Revenues increased by 6 percent in the quarter ended December, including 4 percent on a constant currency basis. Online sales have risen by 17%. Compared with $122 million a year ago, net income was $99 million. Adjusted EBITDA climbed to $282 million by 18 percent.

Capitalization of the software company Adobe Inc. (ADBE), which is part of the “US Balanced,” grew by 3.18% to $484.93.

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HCA Healthcare, Inc. (HCA) was stable at -0.65% to $165.85. For the fourth quarter, the U.S. hospital company surpassed forecasts. Profits of $1.4 billion and $4.13 per share were posted by the company, relative to $1.1 billion and $3.09 per share a year ago. The consensus, according to FactSet, was $3.57. Revenues totaled $14.3 billion, compared with $13.5 billion and a forecast of $13.9 billion during the same time last year. The company expects sales of between $53.5 billion and $55.5 billion for 2021, while earnings per share are forecast to range from $12.1 to $13.1.

ManpowerGroup Inc. (MAN) was down -3.19% to $86.91. For the fourth quarter, ManpowerGroup posted sales down 3 percent (-6 percent on a constant currency basis) but pointed at a steady turnaround in the pattern month-by-month. For the three months ended December, adjusted net earnings per share were $1.33, compared to $2.33 a year ago. There was $76 million in quarterly net revenue, relative to $139 million a year ago. There were 5.1 billion dollars in sales.

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