ABM Industries Q1 Adj. EPS Tops Estimates, But Revenues Miss; Backs FY23 Outlook

RTTNews | 905天前
ABM Industries Q1 Adj. EPS Tops Estimates, But Revenues Miss; Backs FY23 Outlook

(RTTNews) - Facility management company ABM Industries, Inc. (ABM) reported on Wednesday first-quarter net income of $38.5 million or $0.58 per share, sharply lower than $76.0 million or $1.01 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter were $0.79 per share, compared to $0.94 per share in the year-ago quarter.

Total revenue for the quarter grew 3 percent to $1.99 billion from $1.94 billion in the same quarter last year. Organic revenue growth was 1 percent.

On average, seven analysts polled by Thomson Reuters expect the company to report earnings of $0.77 per share on net sales of $2.02 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2023, the company continues to project earnings in the range of $2.43 to $2.63 per share and adjusted earnings in the range of $3.40 to $3.60 per share.

The Street is looking for earnings of $3.52 per share for the year.

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

read more
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 1小時59分鐘前
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 2小時27分鐘前
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 5小時31分鐘前
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 6小時14分鐘前
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | 6小時44分鐘前