Mirion Technologies Q2 Results Top Estimates; Boosts FY23 Revenue Outlook
(RTTNews) - Mirion Technologies, Inc. (MIR) reported Wednesday that net loss attributable to Mirion for the second quarter narrowed to $27.7 million or $0.14 per share from $58.6 million or $0.32 per share in the prior-year quarter.
Excluding items, adjusted earnings for the quarter were $0.08 per share, compared to $0.13 per share in the year-ago quarter.
Total revenues for the quarter grew 12.2 percent to $197.2 million from $175.8 million in the same quarter last year.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.06 per share on revenues of $190.49 million for the quarter. Analysts' estimates typically exclude special items.
Looking ahead to fiscal 2023, the company now projects adjusted earnings in a range of $0.28 to $0.34 per share, on revenue growth of 8 to 10 percent, with organic revenue growth of 6 to 8 percent.
Previously, the company expected adjusted earnings in a range of $0.28 to $0.34 per share, on revenue growth of 6 to 9 percent, with organic revenue growth of 4 to 7 percent.
The Street is currently looking for earnings of $0.31 per share on revenues of $774.87 million for the year.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
Calico Brands Recalls 175K Scripto Premium Torches Sold At Walmart, Home Depot
Bay Street May Open Flat; Jobs Data In Focus
Mining Stocks Drifting Lower; FTSE 100 Moves In Tight Range
French Stocks Turning In Mixed Performance; CAC 40 Flat
Sensex, Nifty End Higher After Gaza Peace Deal
DAX Retreats After Positive Start, Down 0.4% At Noon
European Shares Mixed As French President Macron Seeks New PM
