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IDACORP Boosts FY24 EPS Outlook As Q2 Earnings Top Estimates

RTTNews | 440 दिनों पहले

IDACORP Boosts FY24 EPS Outlook As Q2 Earnings Top Estimates

(RTTNews) - While reporting financial results for the second quarter on Thursday, electric utility IDACORP, Inc. (IDA) raised its earnings guidance for the full year 2024.

For fiscal 2024, the company now projects earnings in a range of $5.30 to $5.45 per share, up from the prior forecast range of $5.25 to $5.45 per share.

On average, five analysts polled by Thomson Reuters expect the company to report earnings of $5.39 per share for the year. Analysts' estimates typically exclude special items.

For the second quarter, the company reported net income attributable to IDACORP of $80.52 million or $1.71 per share, higher than $68.57 million or $1.35 per share in the prior-year quarter. The Street was looking for earnings of $1.37 per share for the quarter.

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IDACORP Guides FY23 EPS In Line With View; Q4 Earnings Top Estimates

IDACORP Guides FY23 EPS In Line With View; Q4 Earnings Top Estimates

While reporting financial results for the fourth quarter on Thursday, electric utility IDACORP, Inc. (IDA) initiated earnings guidance for the full year 2023, in line with estimates.

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The euro strengthened against other major currencies in the European session on Wednesday.

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China Consumer Prices Drop More Than Forecast; PPI Continues To Fall

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China's consumer prices declined more than expected in September on weaker domestic demand and oversupply, and producer prices remained in deflationary pressures for the 36th straight month, highlighting the persistent deflationary pressure. Consumer prices dropped 0.3 percent on a yearly basis in September, the National Bureau of Statistics reported Wednesday.

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Canadian Dollar Falls Against Most Majors

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The Canadian dollar weakened against most major currencies in the European session on Wednesday.

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European Shares Mostly Higher As LVMH Returns To Growth

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European stocks were mostly higher on Wednesday, with French markets outperforming their regional peers, after LVMH, the owner of Louis Vuitton and Christian Dior, unexpectedly returned to sales growth in the third quarter.

RTTNews | 1घंटे 25 मिनट पहले

Asian Shares Bounce Back On Fed Rate Cut Hopes

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Asian stocks rose broadly on Wednesday, snapping three days of losses as optimism that the U.S Federal Reserve may go for further interest-rate cuts outweighed renewed U.S.-China trade tensions.

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