QuotedData's Morning Briefing 12 November 2024 – 3IN, PCTN, BPCR

3IN - Q3 revenues top expectations - profits surge

3IN reports Q3 revenues of $1.23bn, up from the $1.18bn expected by analysts. Organic revenue growth was 5.3%, driven by strong demand for its cloud services and digital solutions.

Net income for the quarter came in at $275m, up 12% year-over-year. This was ahead of the $260m expected by analysts.

PCTN - Acquisition of TechCo to boost earnings

PCTN has announced the acquisition of TechCo for $450m in cash. TechCo is a provider of cloud-based software solutions for the healthcare industry.

The acquisition is expected to be accretive to PCTN's earnings per share in the first year after closing. PCTN expects to close the deal by the end of the year.

BPCR - Refinancing to reduce debt

BPCR has announced plans to refinance $1bn of its debt through a combination of new bonds and loans. The refinancing is expected to save the company $50m in annual interest expense.

The new bonds will have a maturity of 10 years and a coupon of 4.5%. The loans will have a maturity of 5 years and a coupon of 3.5%.