Genuine Parts Boosts FY23 Adj. EPS Outlook - Update

RTTNews | il y a 599
Genuine Parts Boosts FY23 Adj. EPS Outlook - Update

(RTTNews) - While reporting financial results for the third quarter on Thursday, Genuine Parts Co. (GPC) raised its adjusted earnings guidance for the full-year 2023, while reaffirming annual total net sales growth.

For fiscal 2023, the company now projects both earnings and adjusted earnings in a range of $9.20 to $9.30 per share on total sales growth of 4 to 6 percent.

Previously, the company expected both earnings and adjusted earnings in the range of $9.15 to $9.30 per share on total sales growth of 4 to 6 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $9.23 per share on revenue growth of 5.7 percent to $23.35 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
Genuine Parts Boosts FY23 Adj. EPS Outlook - Update

Genuine Parts Boosts FY23 Adj. EPS Outlook - Update

While reporting financial results for the second quarter on Thursday, Genuine Parts Co. (GPC) raised its adjusted earnings guidance for the full-year 2023, while reaffirming annual total net sales growth.
RTTNews | il y a 690
European Economic News Preview: UK Unemployment Data Due

European Economic News Preview: UK Unemployment Data Due

Unemployment from the UK and industrial production from Italy are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics releases UK unemployment data. The jobless rate is forecast to fall to 4.6 percent in three months to April from 4.5 percent in the preceding period.
RTTNews | il y a 50 minutes
Australian Market Doubles Early Gains In Mid-market

Australian Market Doubles Early Gains In Mid-market

The Australian stock market is doubling its early gains in mid-market trading on Tuesday, reversing some of the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,600 level, with gains in iron ore miners, financial, technology and energy stocks partially offset by weakness in gold miners.
RTTNews | il y a 1h 37min
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from Wall Street overnight, amid easing trade war tensions between the US and China after the two superpowers began high-level trade talks in London, with negotiations expected to continue on Tuesday. The tariff war between the two countries has already rattled the global economy.
RTTNews | il y a 2h 19min
Sensex, Nifty Seen Higher At Open As Sino-US Talks Continue

Sensex, Nifty Seen Higher At Open As Sino-US Talks Continue

Indian shares look set to open on a positive note Tuesday as top officials from the U.S. and China continue their trade talks for a second day today to resolve their differences and ease tensions over rare-earth minerals and technology shipments.
RTTNews | il y a 2h 46min
Thai Bourse May Extend Losing Streak

Thai Bourse May Extend Losing Streak

The Thai stock market has ticked lower in back-to-back sessions, slipping more than 5 points or 0.4 percent along the way. The Stock Exchange of Thailand now rests just above the 1,135-point plateau and it may take further damage on Tuesday. The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference.
RTTNews | il y a 3h 17min
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Tuesday, extending the gains in the previous two sessions, following the mixed cues from Wall Street overnight, with the Nikkei 225 moving up to near the 38,300 level, with gains across most sectors led by index heavyweights and technology stocks. Financial stocks were the only weak spot.
RTTNews | il y a 3h 39min