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FINWIRES

Amaero Posts AU$2.6 Million Q3 Revenue, Up 301%, Reaffirms Fiscal Year 2026 Guidance

-- Amaero (ASX:3DA) said fiscal third-quarter revenue reached AU$2.6 million, up 301% from the third quarter of fiscal year 2025 and in line with AU$2.5 million in contracted revenue disclosed in January, according to a Tuesday Australian bourse filing.

The company said AU$8.4 million of contracted revenue for the fourth quarter of fiscal year 2026 compares to AU$7.2 million disclosed in January, with more than AU$18 million of fiscal year 2026 revenue contracted, underpinning guidance of AU$18 million to AU$20 million, up 372% to 425% on the fiscal year 2025.

The company's three-year capital investment program remains on track and on budget for completion by June 30, with incremental capital investments continuing for an argon gas recycling plant expected to be commissioned by the end of the year and a fourth EIGA unit expected to be commissioned in June 2027.

Trailing 12-month revenue increased 347% year-on-year, while general and administrative expenses increased 18% year-on-year for the same period, with titanium powder production expected to increase 100% year-on-year in fiscal year 2027, the filing added.

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Research Alert: Pm: Q1 Well Ahead Of Consensus, But Q2 Eps Guidance A Bit Light

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Philip Morris (PM) posted Q1 adjusted EPS of $1.96 vs. $1.69 (+16%), well ahead of the $1.83 consensus. Net sales rose 9.1% to $10.15B ($240M ahead of consensus) and gross margin rose 70 bps to 68.1% (10 bps ahead of consensus). PM's total Q1 shipments fell 1.9% Y/Y, due to a cigarette volume decline of 5.1%, partly offset by smoke-free product growth (+9.1%). PM's International Smoke-Free business accounted for 43% of total revenue in Q1, with segment net revenues rising 25% Y/Y and gross profit up 29%. PM narrowed full year adjusted EPS guidance to $8.36-$8.51 from $8.38-$8.53, reflecting currency impacts only. PM's Q2 adjusted EPS guidance of $2.02-$2.07 was shy of the $2.12 consensus. PM shares traded 2% higher in pre-market trading, a muted reaction following the beat, which we attribute to the weaker-than-expected Q2 guidance. We note PM's long history of providing conservative guidance. PM is coming off two very strong years of outperformance in which it was one of the sector's best-performing equities.

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