Core & Main Q4 Results Miss Estimates; Guides FY22 Revenues Above View

RTTNews | 786日前
Core & Main Q4 Results Miss Estimates; Guides FY22 Revenues Above View

(RTTNews) - Core & Main, Inc. (CNM), a distributor of water, wastewater, storm drainage and fire protection products, reported on Tuesday that net income attributable to the company for the fourth quarter grew to $54 million or $0.31 per share from $48 million or $0.28 per share last year.

Net sales for the quarter increased 10.3 percent to $1.37 billion from $1.25 billion in the same quarter last year, driven by higher selling prices and acquisitions, partially offset by a mid single-digit volume decline.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.50 per share on revenues of $1.65 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead fiscal 2023, the company expects net sales between $6.455 billion and $6.875 billion. The Street is looking for revenues of $6.34 billion for the year.

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

read more
Core & Main Boosts FY22 Outlook As Q2 Results Top Estimates

Core & Main Boosts FY22 Outlook As Q2 Results Top Estimates

Core & Main, Inc. (CNM), a distributor of water, wastewater, storm drainage and fire protection products, reported on Tuesday that net income attributable to the company for the second quarter soared to $115 million from $27 million last year. The company also reported earnings per share of $0.67 per share, compared to loss per share of $0.14 per share a year ago.
RTTNews | 982日前
U.S. Dollar Firms On Deficit Concerns

U.S. Dollar Firms On Deficit Concerns

The U.S. dollar was higher against its most major counterparts in the New York session on Thursday, as treasury yields soared amid concerns about the fiscal impact of President Donald Trump's tax bill.
RTTNews | 2時47分前
Swiss Market Ends Notably Lower

Swiss Market Ends Notably Lower

After opening modestly down, the Switzerland market kept sliding on Thursday, and despite recovering some lost ground past mid afternoon, ended the day's session on a weak note. Concerns about U.S. debt, and continued uncertainty about tariff negotiations rendered the mood cautious.
RTTNews | 3時52分前
Canadian Market Up Marginally At Noon In Cautious Trade

Canadian Market Up Marginally At Noon In Cautious Trade

After opening slightly up, the Canadian market slipped into negative territory Thursday morning, but edged up a bit subsequently in cautious trade, with a few stocks from technology and financials sectors posting solid gains.
RTTNews | 5時28分前
U.S. Existing Home Sales Unexpectedly See Further Downside In April

U.S. Existing Home Sales Unexpectedly See Further Downside In April

Existing home sales in the U.S. unexpectedly saw further downside in the month of April, according to a report released by the National Association of Realtors on Thursday. NAR said existing home sales fell by 0.5 percent to an annual rate of 4.00 million in April after plunging by 5.9 percent to a rate of 4.02 million in March.
RTTNews | 6時59分前
U.S. Weekly Jobless Claims Unexpectedly Edge Down To 227,000

U.S. Weekly Jobless Claims Unexpectedly Edge Down To 227,000

A report released by the Labor Department on Thursday unexpectedly showed a slight decline by first-time claims for U.S. unemployment benefits in the week ended May 17th. The Labor Department said initial jobless claims edged down to 227,000, a decrease of 2,000 from the previous week's unrevised level of 229,000. The dip surprised economists, who had expected jobless claims to inch up to 230,000.
RTTNews | 7時55分前