Insight Enterprises Reaffirms FY24 Adj. EPS Outlook; Q2 Results Miss Estimates

RTTNews | il y a 389
Insight Enterprises Reaffirms FY24 Adj. EPS Outlook; Q2 Results Miss Estimates

(RTTNews) - While reporting financial results for the second quarter on Thursday, technology company Insight Enterprises, Inc. (NSIT) reaffirmed its adjusted earnings guidance for the full year 2024.

For fiscal 2024, the company continues to project adjusted earnings in the range of $10.60 to $10.90 per share. On average, five analysts polled by Thomson Reuters expect earnings of $10.75 per share on net sales growth of 7.50 percent to $9.86 billion for the year. Analysts' estimates typically exclude special items.

For the second quarter, the company reported net earnings of $87.44 million or $2.27 per share, up from $80.48 million or $2.17 per share in the year-ago quarter. Excluding items, adjusted earnings for the quarter were $2.46 per share, compared to $2.56 per share last year.

Total net sales for the quarter decreased 8 percent to $2.16 billion from $2.35 billion in the prior-year quarter.

The Street was looking for earnings of $2.82 per share on revenues of $2.47 billion for the quarter.

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

read more
U.S. New Home Sales Pull Back From Upwardly Revised Level In July

U.S. New Home Sales Pull Back From Upwardly Revised Level In July

New home sales in the U.S. decreased from an upwardly revised level in the month of July, according to a report released by the Commerce Department on Monday. The Commerce Department said new home sales fell by 0.6 percent to an annual rate of 652,000 in July after surging by 4.1 percent to an upwardly revised rate of 656,000 in June.
RTTNews | il y a 2h 6min
Bay Street May Open On Weak Note

Bay Street May Open On Weak Note

Canadian shares may open on a weak note Monday morning, tracking lower metal prices and European stocks. However, energy stocks may find support on higher oil prices, and help limit market's downside.
RTTNews | il y a 4h 48min
Dollar Extends Losses Amidst Powell's Dovish Surprise

Dollar Extends Losses Amidst Powell's Dovish Surprise

A markedly dovish tone in Fed Chair Jerome Powell's speech at the Jackson Hole symposium on Friday weakened the Dollar, resulting in further losses for the currency during the week ended August 22.
RTTNews | il y a 5h 33min
German Ifo Business Confidence Strongest Since 2024

German Ifo Business Confidence Strongest Since 2024

German business sentiment hit the highest level in more than two years in August on expectations that the fiscal stimulus would help to kickstart the economic recovery. The business climate index rose to 89.0 in August from 88.6 in the previous month. This was the highest score since April 2024 and also came in above economists' forecast of 88.6. The German economy's recovery remains weak.
RTTNews | il y a 5h 36min
CAC 40 Down Nearly 0.6% In Cautious Trade

CAC 40 Down Nearly 0.6% In Cautious Trade

French stocks remain in negative territory on Monday, with investors mostly making cautious moves, looking for some more clarity on U.S. - EU trade deal, and awaiting crucial inflation data from the region.
RTTNews | il y a 6h 10min
DAX Modestly Lower As Investors Wait For Directional Clues

DAX Modestly Lower As Investors Wait For Directional Clues

The German market is languishing in negative territory after a weak start on Monday as investors remain a bit reluctant to pick up stocks, choosing to wait for crucial inflation data from several major countries in Europe.
RTTNews | il y a 6h 43min