Brady Corp. Boosts FY24 Adj. EPS; Q2 Adj. EPS Meets View

RTTNews | 458 dias atrás
Stocktwits
Brady Corp. Boosts FY24 Adj. EPS; Q2 Adj. EPS Meets View

(RTTNews) - While reporting financial results for the second quarter on Thursday, Brady Corp. (BRC) raised its earnings and adjusted earnings guidance for the full-year 2024.

For fiscal 2024, the company now projects earnings in a range of 3.80 to $3.95 per share and adjusted earnings in the range of $3.95 to $4.10 per share.

Previously, the company expected earnings in the range of 3.70 to $3.95 per share and adjusted earnings in the range of $3.85 to $4.10 per share.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $4.07 per share for the year. Analysts' estimates typically exclude special items.

For the second quarter, net income grew to $43.6 million or $0.90 per share, compared to $38.0 million or $0.76 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $0.93 per share, compared to last year's $0.81 per share.

Sales for the quarter decreased 1.1 percent to $322.6 million from $326.2 million in the same quarter last year. Organic sales increased 1.6 percent.

The Street was looking for earnings of $0.93 per share on net sales of $339.44 million for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Marcadores : BRC
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Australian Market Slightly Extends Early Losses In Mid-market

Australian Market Slightly Extends Early Losses In Mid-market

The Australian stock market is slightly extending its early losses in mid-market trading on Monday, reversing some of the gains in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying near the 8,350.00 level, with weakness in mining, energy and financial stocks partially offset by gains in gold miners and technology stocks
RTTNews | 18 minutos atrás
Asian Markets Track Global Markets Lower

Asian Markets Track Global Markets Lower

Asian stock markets are trading mostly lower on Monday, following the broadly negative cues from Wall Street and Europe on Friday, on renewed trade and tariff concerns after US President Donald Trump threatened to impose 50 percent tariffs on imports from the European Union beginning June 1. However, Trump agreed to delay a sweeping 50 percent tariff on EU imports until July 9 over the weekend.
RTTNews | 46 minutos atrás
Sensex, Nifty Seen Higher At Open As Trump Extends EU Tariff Deadline

Sensex, Nifty Seen Higher At Open As Trump Extends EU Tariff Deadline

Indian shares look set to open higher on Monday, tracking gains in U.S. index futures and mostly positive cues from Asian markets after U.S. President Donald Trump extended a deadline for EU trade deal until 9 July, following a call with European Commission president.
RTTNews | 1h 12min atrás
Thai Bourse May Hand Back Friday's Gains

Thai Bourse May Hand Back Friday's Gains

The Thai stock market on Friday snapped the tw0-day slide in which it had dropped more than 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,175-point plateau although it may head south again on Monday.
RTTNews | 1h 46min atrás
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Monday, extending the gains in the previous session, despite the broadly negative cues from Wall Street on Friday, with the Nikkei 225 moving up to near the 37,400 level, with gains in index heavyweights, automakers and technology stocks.
RTTNews | 2h 13min atrás
Win Streak May End For Indonesia Stock Market

Win Streak May End For Indonesia Stock Market

The Indonesia stock market has moved higher in three straight sessions, gathering more than 120 points or 1.7 percent along the way. The Jakarta Composite Index now rests just above the 7,210-point plateau, although the rally may stall on Monday.
RTTNews | 2h 16min atrás
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