Banco De Chile ADR earnings missed by $0.01, revenue fell short of estimates

Banco de Chile reported Q3 operating revenue of CLP 758 billion, up 3% YoY, driven by customer income and nonrecurring gains. Net interest margin rose to 4.4%, and loans grew 2.9% YoY. Credit costs increased due to retail delinquency, while expenses rose 7.2% YoY. Management expects gradual loan growth and maintained a 60% dividend payout ratio. The bank's CEO transition is planned for April 2.

Chile’s S&P IPSA fell 0.34% to 10,563.88 on Friday May 22, the first session after the Navy Day holiday, with volumes described as relatively low. The index still gained 1.4% in pesos and 2% on a USD-adjusted basis for the week, ending a four-week losing streak. Copper stayed near $6.14/lb after Cochilco raised its 2026 forecast to $5.55/lb.

Tiny Ltd (TNYZF) reported Q3 2026 earnings with a record 25% adjusted EBITDA margin, reduced net leverage to 2.3x, and acquired Oso Cloud for $5.3M ARR. Metalab saw 25% sequential revenue growth, while organic revenue was flat. Free cash flow improved to $8.6M. Management cautioned about sustainability of Metalab's performance and noted cost-cutting benefits are largely realized.

Charter Communications (CHTR) fell 6.21% after reporting Q3 results, including a loss of 233,000 internet customers. The company plans $2B in cost savings and $1B in synergies from the Cox deal. Revenue declined 1.5% pro forma to $16.5B, and adjusted EBITDA fell 4.0% to $6.6B. Free cash flow dropped to $674M. Morgan Stanley cut its price target to $135.

StandardAero reported Q3 2026 earnings with 30% year-over-year adjusted EPS growth, 15% adjusted EBITDA growth, and a 130 basis points adjusted EBITDA margin expansion to 14.4%. Revenue grew across commercial aerospace, business aviation, and military & helicopter sectors. The company highlighted strong demand visibility and strategic investments driving long-term growth.

Paylocity (PCTY) reported Q1 2027 recurring revenue of $424.5M, up 12% YoY, and total revenue of $451.7M, up 11%. The company launched Recruiting Optimizer, an AI-driven tool that improved recruiting productivity by 35% and filled roles 25% faster. Paylocity raised fiscal 2027 guidance and repurchased 1.1M shares at $139 each. The company highlighted strong client adoption of its AI platform and received industry recognitions.