Graham Boosts FY24 Revenue Outlook - Update

RTTNews | 751 days ago
Stocktwits
Graham Boosts FY24 Revenue Outlook - Update

(RTTNews) - While reporting financial results for the first quarter on Monday, Graham Corp. (GHM) raised its revenue guidance for the full-year 2024, based on strong first quarter performance.

For fiscal 2024, the company now projects revenues in a range of $170 million to $180 million, up from its prior forecast range of $165 million to $175 million.

On average, analysts polled by Thomson Reuters expect the company to report revenues of $170.21 million for the year.

Separately, the Company announced that it had received a $13.5 million strategic investment by a customer to expand production capabilities for complex components at its Batavia, New York facility. The investment enables Graham's efforts to timely deliver components including a recently placed order totaling $8.5 million.

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

Tags: GHM
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Thai Bourse May Halt Losing Streak On Thursday

Thai Bourse May Halt Losing Streak On Thursday

The Thai stock market has moved lower in back-to-back sessions, slipping almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may stop the bleeding on Thursday.
RTTNews | 5 minutes ago
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian market is slightly lower in choppy trading on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
RTTNews | 13 minutes ago
Indonesia Shares Tipped To Open In The Green

Indonesia Shares Tipped To Open In The Green

The Indonesia stock market has moved higher in two of three trading days since the end of 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 7,935-point plateau and it may add to its winnings on Thursday.
RTTNews | 35 minutes ago
Hong Kong Shares Poised To End Two-Day Slide

Hong Kong Shares Poised To End Two-Day Slide

The Hong Kong stock market has finished lower in consecutive trading days, tumbling almost 630 points or 2.5 percent along the way. The Hang Seng Index now rests just above the 25,200-point plateau although it may find traction on Thursday.
RTTNews | 50 minutes ago
China Stock Market May Stop The Bleeding On Thursday

China Stock Market May Stop The Bleeding On Thursday

The China stock market has finished lower in two straight sessions, retreating more than 80 points or 2.1 percent along the way. The Shanghai Composite Index now sits just above the 3,800-point plateau although it's due for support on Thursday.
RTTNews | 1h 5min ago
Taiwan Stock Market May Extend Winning Streak

Taiwan Stock Market May Extend Winning Streak

The Taiwan stock market has tracked higher in three straight sessions, gathering more than 750 points or 3.1 percent along the way. The Taiwan Stock Exchange now rests just beneath the 24,520-point plateau and it may add to its winnings again on Thursday.
RTTNews | 1h 35min ago
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