Keysight Technologies, Macro Bank, and ZIM Integrated Shipping Services reported better-than-expected earnings for Q2 2023, with ZIM notably achieving a 236% increase in adjusted EPS.
Keysight Technologies (KEYS) reported adjusted EPS of $3.07, a 78% year-over-year increase, with revenue soaring 36% to $1.84 billion. Macro Bank (BMA) achieved adjusted EPS of $2.29, exceeding expectations by 44%, with Q2 sales rising 26% to $1.05 billion. ZIM (ZIM) posted adjusted EPS of $0.64, topping estimates of a loss by $0.74, and generated revenue of $1.78 billion, a 9% increase.
Keysight expects Q4 revenue of $1.93-$1.95 billion, while BMA’s balance sheet indicates solid capital strength with a 28% Tier 1 capital ratio. ZIM anticipates full-year adjusted EBITDA of $2-$2.4 billion, and also benefits from a pending acquisition by Hapag-Lloyd at $35 per share, which is approximately 25% above its current stock price.
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