Oshkosh Q3 Results Miss Estimates, But Reaffirms FY22 Outlook

RTTNews | 1034 दिनों पहले
Oshkosh Q3 Results Miss Estimates, But Reaffirms FY22 Outlook

(RTTNews) - Oshkosh Corp. (OSK) reported on Thursday that net income for the third quarter declined to $59.3 million or $0.90 per share from $89.7 million or $1.30 per share in the prior-year quarter. Excluding items, adjusted net income was $1.00 per share, compared to $1.05 per share in the year-ago quarter.

Consolidated net sales for the quarter edged up 0.2 percent to $2.07 billion from last year, as improved pricing was largely offset by lower sales volume resulting primarily from supply chain related production delays.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.23 per share on net sales of $2.26 billion for the quarter. Analysts' estimates typically exclude special items.

The Company's Board of Directors also declared a quarterly cash dividend of $0.37 per share of Common Stock, payable on November 28, 2022 to shareholders of record as of November 14, 2022.

Looking ahead, the company is reaffirming its full-year 2022 guidance for adjusted earnings of $3.50 per share on net sales of $8.3 billion. The Street is looking for earnings of $3.64 per share on net sales of $8.29 billion for the year.

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

टैग: OSK
read more
Mild Upside Seen For Thai Stock Market

Mild Upside Seen For Thai Stock Market

The Thai stock market on Tuesday ended the two-day winnings streak in which it had picked up almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to move back to the upside again on Wednesday.
RTTNews | 39 मिनटों पहले
Japanese Market Slightly Lower

Japanese Market Slightly Lower

The Japanese stock market is slightly lower in choppy trading on Wednesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying below the 42,400 level, with a mixed performance across all sectors.
RTTNews | 58 मिनटों पहले
Indonesia Shares May Reverse Tuesday's Losses

Indonesia Shares May Reverse Tuesday's Losses

The Indonesia stock market headed south again on Tuesday, one day after snapping the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,900-point plateau although it's looking to bounce higher again on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.
RTTNews | 1घंटे 9 मिनट पहले
Australian Market Modestly Higher

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains in mining and financial stocks.
RTTNews | 1घंटे 15 मिनट पहले
Hong Kong Shares Expected To Open To The Upside

Hong Kong Shares Expected To Open To The Upside

The Hong Kong stock market on Tuesday ended the two-day winning streak in which it had advanced more than 825 points or 3.4 percent. The Hang Seng Index now rests just above the 25,520-point plateau although it may find renewed support on Wednesday.
RTTNews | 1घंटे 24 मिनट पहले
Higher Open Called For China Stock Market

Higher Open Called For China Stock Market

The China stock market on Tuesday halted the four-day winning streak in which it had rallied almost 160 points or 4.4 percent. The Shanghai Composite Index now sits just beneath the 3,870-point plateau although it may move back to the upside again on Wednesday.
RTTNews | 1घंटे 39 मिनट पहले
Win Streak May Continue For Taiwan Stock Market

Win Streak May Continue For Taiwan Stock Market

The Taiwan stock market has tracked higher in back-to-back sessions, gathering almost 540 points or 2.2 percent along the way. The Taiwan Stock Exchange now rests just above the 24,300-point plateau and it may add to its winnings again on Wednesday.
RTTNews | 2घंटे 9 मिनट पहले
Singapore Stock Market Expected To Open In The Green

Singapore Stock Market Expected To Open In The Green

The Singapore stock market on Tuesday snapped the five-day winning streak in which it had climbed almost 70 points or 1.6 percent. The Straits Times Index now sits just above the 4,240-point plateau although it may move back above water on Wednesday.
RTTNews | 2घंटे 39 मिनट पहले