Sensient Technologies Q4 Results Miss Estimates; Provides FY23 Outlook

RTTNews | Před 991 dny
Sensient Technologies Q4 Results Miss Estimates; Provides FY23 Outlook

(RTTNews) - Sensient Technologies Corp. (SXT) reported Friday that net income for the fourth quarter increased to $29.12 million or $0.69 per share from $27.23 million or $0.65 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter were $0.64 per share, compared to $0.73 per share in the year-ago quarter.

Consolidated revenue for the quarter increased 2.4 percent to $348.74 million from $340.45 million in the same quarter last year.

Foreign currency translation decreased revenue by approximately 3% and earnings per share by approximately 6% in the current quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.70 per share on revenues of $352.07 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2023, the company now projects earnings per share to be flat to low-single digit growth compared to 2022 earnings of $3.34 per share and adjusted earnings per share to grow at a flat to low-single digit growth rate in local currency on revenue growth in the mid-single digit rate in local currency.

The Street is looking for earnings of $3.44 per share on revenues of $1.49 billion for the year.

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

Značky : SXT
read more
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious and are reluctant to make more significant moves ahead of the U.S. Fed's interest rate decision later in the day and are optimistic about a potential trade deal between the U.S. and China. Asian markets closed mostly lower on Tuesday.
RTTNews | Před 23 minutami
Thai Shares May See Renewed Support On Wednesday

Thai Shares May See Renewed Support On Wednesday

The Thai stock market on Tuesday ended the five-day winning streak in which it had picked up more than 50 points or 3.9 percent. The Stock Exchange of Thailand now rests just shy of the 1,315-point plateau although it may tick higher again on Wednesday.
RTTNews | Před 1 h 28 min
Japanese Market Significantly Higher

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Wednesday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 50,800 level, with gains in exporters and technology stocks.
RTTNews | Před 2 h 10 min
China Shares Poised To Open In The Green

China Shares Poised To Open In The Green

The China stock market on Tuesday ended the three-day winning streak in which it had collected more than 80 points or 2 percent. The Shanghai Composite Index now sits just shy of the 3,990-point plateau although it may move higher again on Wednesday.
RTTNews | Před 2 h 28 min