Tariff risk flagged as earnings season heats up
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 22 April 2025
⏱️ 5 minutes
🧾️ Download transcript
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Show Notes
What to make of Amazon after 30% drop
Episode transcripts: seekingalpha.com/wsb
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis. |
| 0:09.8 | Good afternoon. Today is Tuesday, April 22nd, and I'm your host, Kim Khan. Our top story so far, |
| 0:15.8 | earning season is ramping up, and companies are highlighting tariff uncertainty. GE Aerospace |
| 0:20.7 | reported a double-digit |
| 0:21.9 | gain in revenue for the first quarter 2025, while reaffirming its full-year guidance |
| 0:26.1 | amid a challenging macroeconomic backdrop. The company said, given our global business, tariffs will result |
| 0:32.0 | in additional cost for us and our suppliers. We are optimizing operations and leveraging existing programs and strategies |
| 0:38.9 | to reduce the impact from tariffs. Additionally, we are taking measures to control cost and |
| 0:44.2 | implementing pricing actions to primarily mitigate the remaining impact. CEO Larry Culp said, |
| 0:50.4 | based on what we know today, these actions, along with our solid first quarter and commercial services backlog of over $140 billion, enable us to maintain our full year guidance. |
| 1:00.7 | The company expects adjusted EPS of 510 to 545 for the year compared with the consensus estimate of 542. |
| 1:07.8 | Meanwhile, 3M reported better than expected results for the first quarter, but the company also |
| 1:12.1 | warned that tariffs may have a negative impact on profits for the year. 3M updated its full year |
| 1:17.2 | 2025 guidance to include the effective tariffs. While maintaining its forecasts of adjusted EPS in the |
| 1:23.2 | range of 760 to 790, management said tariffs may reduce those numbers by 20 to 40 cents. |
| 1:29.3 | Wall Street analysts on average expect EPS of 775 for the year. |
| 1:34.3 | For the latest quarter, sales fell 1% from a year earlier to 5.95 billion, ahead of the |
| 1:39.3 | average estimate of 5.73 billion. |
| 1:41.9 | Kimberly Clark said adjusted operating profit is now forecast to be flat to positive |
| 1:46.3 | on a constant currency basis versus the prior year compared to a previous expectation of high single-digit |
| 1:52.0 | growth on a constant currency basis. The company expects tariffs to add approximately |
| 1:56.7 | $300 million in costs for the full year. And RTX is under pressure on disappointing sales |
... |
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