ODP Corp. Boosts FY23 Adj. EPS Outlook - Update

RTTNews | vor 797 Tagen
ODP Corp. Boosts FY23 Adj. EPS Outlook - Update

(RTTNews) - While reporting financial results for the second quarter on Tuesday, The ODP Corp. (ODP) raised its adjusted earnings guidance for the full-year 2023, while lowering annual sales outlook.

For fiscal 2023, the company now projects adjusted earnings in a range of $5.00 to $5.30 per share on revenues of about $8 billion.

Previously, the company expected adjusted earnings in the range of $4.50 to $5.10 per share on revenues between $8.0 billion and $8.4 billion.

On average, analysts polled by Thomson Reuters expectthe company to report earnings of $4.96 per share on sales of $8.20 billion for the year. Analysts' estimates typically exclude special items.

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

read more
ODP CFO Anthony Scaglione To Step Down

ODP CFO Anthony Scaglione To Step Down

The ODP Corp. (ODP) announced Wednesday that Anthony Scaglione, executive vice president and chief financial officer, is stepping down from his role to pursue another career opportunity. His last day will be September 13, 2024.
RTTNews | vor 426 Tagen
Sensex, Nifty End Lower On Weak Global Cues

Sensex, Nifty End Lower On Weak Global Cues

Indian shares ended Tuesday's session lower, mirroring weak cues from global markets. Global sentiment was fragile as tensions between the United States and China escalated and a U.S. federal government's partial shutdown entered its 14th day.
RTTNews | vor 40 Minuten
German Economic Sentiment Rises In October

German Economic Sentiment Rises In October

Germany economic sentiment rose moderately in October as investors still hope for an economic upturn, a monthly survey conducted by the think tank ZEW showed Tuesday. The economic confidence index rose to 39.3 in October from 37.3 in the previous month, though it fell short of the forecast of 41.2. However, assessment of the current situation continued to follow a negative trend.
RTTNews | vor 41 Minuten
DAX Down Over 0.8% On Trade Tensions, Weak Inflation Data

DAX Down Over 0.8% On Trade Tensions, Weak Inflation Data

German stocks are down in negative territory on Tuesday, weighed down by uncertainty about U.S.-China trade relations, and data showing an increase in German consumer price inflation. Investors are also looking ahead to key earnings announcements from big name U.S. banks.
RTTNews | vor 1Std 14 Minuten
Yen Rises After Japan Kato Comments

Yen Rises After Japan Kato Comments

The Japanese yen strengthened against other major currencies in the Asian session on Tuesday, after Japanese Finance minister Katsunobu Kato reiterated that the government would keep a careful eye in foreign exchange rates and take action to prevent excessive volatility. While speaking at a news conference today, Kato admitted that the conditions supporting Japan's economy had changed dramatically since the "Abenomics" era.
RTTNews | vor 2Std 11 Minuten