Apogee Enterprises Boosts FY23 Outlook As Q1 Results Top View

RTTNews | 1048天前
Apogee Enterprises Boosts FY23 Outlook As Q1 Results Top View

(RTTNews) - While reporting financial results for the first quarter on Thursday, Apogee Enterprises, Inc. (APOG) raised its adjusted earnings guidance for the full-year 2023, based on first-quarter results and increasing confidence in its outlook.

For fiscal 2023, the company now projects adjusted earnings in a range of $3.50 to $3.90 per share, up from the prior guidance range of $2.90 to $3.30 per share.

On average, five analysts polled by Thomson Reuters expect the company to report earnings of $3.08 per share for the year. Analysts' estimates typically exclude special items

The company also expects revenue growth and margin expansion going forward. The company still forecasts full year capital expenditures of $35 to $40 million.

For the first quarter, the company reported net earnings of $22.73 million or $1.00 per share, higher than $10.82 million or $0.42 per share in the prior-year quarter.

Revenues for the quarter grew 9.4 percent to $356.64 million from $326.01 million in the same quarter last year, led by growth in Architectural Services and Architectural Framing Systems.

The Street was looking for earnings of $0.56 per share on revenues of $328.59 million for the quarter.

read more
European Stocks Close Broadly Lower Ahead Of Key Policy Announcements

European Stocks Close Broadly Lower Ahead Of Key Policy Announcements

European stocks closed broadly lower on Tuesday with investors largely staying cautious, following political and geopolitical developments, digesting economic and earnings updates, and awaiting the monetary policy announcements from the Federal Reserve and the Bank of England, due later in the week.
RTTNews | 1分鐘前
UK Car Sales Drop 10.4% In April As Higher Taxes Hurt - SMMT

UK Car Sales Drop 10.4% In April As Higher Taxes Hurt - SMMT

New car registrations in the U.K. decreased in April mainly due to customers making purchases early to avoid higher taxes that came into effect at the start of the month, though electric car sales continued to increase, monthly data from the Society of Motor Manufacturers and Traders showed on Tuesday.
RTTNews | 2小時0分鐘前
U.S. Trade Deficit Spikes To Record High In March As Import Surge

U.S. Trade Deficit Spikes To Record High In March As Import Surge

The U.S. trade deficit spiked by much more than expected in the month of March, according to a report released by the Commerce Department on Tuesday. The report said the trade deficit soared to a record high $140.5 billion in March from a revised $123.2 billion in February.
RTTNews | 2小時46分鐘前
Eurozone Private Sector Growth Eases On Weaker Demand

Eurozone Private Sector Growth Eases On Weaker Demand

Euro area private sector growth weakened in April as soft demand conditions limited the speed of expansion and weighed on sentiment, final results of the purchasing managers' survey by S&P Global showed on Tuesday. The HCOB final composite output index fell to 50.4 in April from 50.9 in March, but the reading suggested growth for the fourth straight month.
RTTNews | 3小時49分鐘前
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares may be weighed down on Tuesday by U.S. President Donald Trump's announcement on Monday that he is likely to announce pharmaceutical tariffs soon. The Federal Reserve's monetary policy announcement, due on Wednesday, is also in focus. However, higher crude oil and metal prices could trigger some buying in energy and materials space.
RTTNews | 4小時26分鐘前
Philips Cuts FY25 Margin View On Tariffs, Despite Higher Q1 Income, Orders; Stock Down

Philips Cuts FY25 Margin View On Tariffs, Despite Higher Q1 Income, Orders; Stock Down

Shares of Royal Philips N.V. were losing around 3 percent in the mid-day trading in Amsterdam, as well as around 5 percent in pre-market activity on the NYSE, after the Dutch consumer electronics giant on Tuesday trimmed its margin forecast for fiscal 2025 to reflect the estimated net tariff impact of 250 million euros to 300 million euros. Further, the firm maintained annual sales view,...
RTTNews | 5小時30分鐘前
FTSE 100 Down Slightly As Stocks Turn In Mixed Performance

FTSE 100 Down Slightly As Stocks Turn In Mixed Performance

U.K. stocks are turning in a mixed performance in cautious trade on Tuesday with traders back to trading after a long weekend. Investors are awaiting the monetary policy announcements from the Federal Reserve and the Bank of England, due on Wednesday and Thursday, respectively.
RTTNews | 5小時31分鐘前