IDACORP Guides FY23 EPS In Line With View; Q4 Earnings Top Estimates

RTTNews | Před 840 dny
IDACORP Guides FY23 EPS In Line With View; Q4 Earnings Top Estimates

(RTTNews) - While reporting financial results for the fourth quarter on Thursday, electric utility IDACORP, Inc. (IDA) initiated earnings guidance for the full year 2023, in line with estimates.

For fiscal 2023, the company continues to project earnings in a range of $4.95 to $5.15 per share. On average, five analysts polled by Thomson Reuters expect the company to report earnings of $5.14 per share for the year. Analysts' estimates typically exclude special items.

The company is assuming that Idaho Power will use approximately $15 million of additional tax credits available under its Idaho earnings support regulatory mechanism in 2023. The earnings guidance also assumes normal weather conditions throughout the year. For the first quarter, the company reported net income attributable to IDACORP of $42.05 million or $0.83 per share, higher than $32.80 million or $0.65 per share in the prior-year quarter. The Street was looking for earnings of $0.82 per share for the quarter.

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

Značky : IDA
read more
ECB Cuts Interest Rates By 25 Bps As Inflation Forecasts Lowered

ECB Cuts Interest Rates By 25 Bps As Inflation Forecasts Lowered

The European Central Bank slashed its interest rates by 25 basis points on Thursday, in line with expectations, while the staff trimmed the euro area price growth projections for this year and next citing prospects of energy prices and stronger euro going forward.
RTTNews | Před 2 h 15 min
Euro Mixed After ECB Announcement

Euro Mixed After ECB Announcement

The euro showed mixed trading against its major counterparts in the New York session on Thursday, after the European Central Bank lowered its key rates by 25 basis points, as expected.
RTTNews | Před 3 h 2 min
Swiss Market Ends Marginally Up

Swiss Market Ends Marginally Up

The Switzerland market, which stayed positive till well past noon on Thursday, suffered a mild setback in the penultimate hour of the session, but recovered to end the day's session marginally higher. Investors reacted positively to the European Central Bank's decision to lower interest rate by 25 basis points.
RTTNews | Před 4 h 25 min
European Stocks Close Slightly Higher

European Stocks Close Slightly Higher

European stocks closed slightly higher on Thursday with investors digesting the European Central Bank's interest rate decision, and a slew of regional economic data, in addition to assessing the potential impact of Trump Administration's tariff moves on global trade and growth.
RTTNews | Před 4 h 39 min
Canadian Market Modestly Higher In Cautious Trade

Canadian Market Modestly Higher In Cautious Trade

Canadian stocks are turning in a mixed performance on Thursday with investors largely making cautious moves, looking ahead to the crucial U.S. and Canadian jobs data due on Friday.
RTTNews | Před 5 h 21 min
U.S. Labor Productivity Slumps 1.5% In Q1, Much More Than Previously Estimated

U.S. Labor Productivity Slumps 1.5% In Q1, Much More Than Previously Estimated

Revised data released by the Labor Department on Thursday showed U.S. labor productivity tumbled by much more than previously estimated in the first quarter of 2025. The Labor Department said labor productivity slumped by 1.5 percent in the first quarter compared to the previously reported 0.8 percent decline. Economists had expected the decrease by labor productivity to be revised to 0.7 percent.
RTTNews | Před 7 h 52 min
U.S. Trade Deficit Narrows Substantially In April As Imports Plummet

U.S. Trade Deficit Narrows Substantially In April As Imports Plummet

Largely reflecting a sharp pullback by the value of the imports, the Commerce Department released a report on Thursday showing a substantial decrease in the size of the U.S. trade deficit in the month of April. The Commerce Department said the U.S. trade deficit narrowed to $61.6 billion in April from a revised $138.3 billion in March.
RTTNews | Před 8 h 9 min