IDACORP Boosts FY24 EPS Outlook As Q2 Earnings Top Estimates

RTTNews | 439 days ago
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.

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

read more
TSX Rises 2% As Stocks Rally On Bargain Hunting

TSX Rises 2% As Stocks Rally On Bargain Hunting

The Canadian market is up sharply on Tuesday with investors indulging in some hectic buying across the board, picking up stocks at reduced prices following recent steep fall. Despite U.S. President Donald Trump's conciliatory tone over the weekend with regard to trade relations with China, there are still concerns about the trade spat between the world's two largest economies.
RTTNews | 2h 43min ago
Swiss Market Ends Weak; Bank Stocks Among Major Losers

Swiss Market Ends Weak; Bank Stocks Among Major Losers

Save for a brief while around mid morning, when it emerged slightly above the flat line, Switzerland's benchmark SMI languished in negative territory right through the trading session on Tuesday.
RTTNews | 3h 20min ago
European Stocks Close Mostly Lower On Weak Data, Trade Tensions

European Stocks Close Mostly Lower On Weak Data, Trade Tensions

European stocks closed mostly weak on Tuesday although several markets in the region managed to regain most of the ground they had lost early on in the session. The weakness was due to escalating U.S.-China trade tensions, the political upheaval in France, and some disappointing regional economic data.
RTTNews | 3h 41min ago
UK Unemployment Rate Rises; Wage Growth Slows

UK Unemployment Rate Rises; Wage Growth Slows

The UK jobless rate rose slightly, and wage growth softened in the three months to August, raising chances of an interest rate cut this year. The ILO jobless rate rose slightly to 4.8 percent from 4.7 percent in the preceding period, the Office for National Statistics reported Tuesday. The rate was seen unchanged at 4.7 percent.
RTTNews | 7h 6min ago