Harsco Q4 Results Top Estimates; Guides Q1, FY23 Below Estimates

RTTNews | 976日前
Harsco Q4 Results Top Estimates; Guides Q1, FY23 Below Estimates

(RTTNews) - Harsco Corp. (HSC) reported on Monday a fourth-quarter net loss from continuing operations attributable to common stockholders of $23.75 million or $0.30 per share, compared to net income of $10.12 million or $0.13 per share in the prior-year quarter.

Excluding items, adjusted earnings per share from continuing operations was $0.01, compared to last year's $0.22.

Net loss attributable to common stockholders was $36.72 million or $0.46 per share, wider than $24.34 million or $0.30 per share in the year-ago quarter.

Total revenues from continuing operations for the quarter increased 1 percent to $468.30 million from $462.07 million in the same quarter last year.

On average, four analysts polled by Thomson Reuters expected the company to report a loss of $0.07 per share on revenues of $460.05 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the first quarter, the company expects to report a loss in a range $0.30 to $0.37 per share and adjusted loss in a range $0.23 to $0.30 per share, both from continuing operations.

For fiscal 2023, the company now projects a loss in a range of $0.50 to $0.80 per share and adjusted loss in a range of $0.23 to 0.52 per share, both from continuing operations.

The Street is currently looking for a loss of $0.08 per share for the quarter and earnings of $0.17 per share for the year.

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

read more
Harsco Slashes FY22 Outlook As Q2 Results Top Estimates

Harsco Slashes FY22 Outlook As Q2 Results Top Estimates

Harsco Corp. (HSC) reported Tuesday second-quarter net loss from continuing operations attributable to common stockholders of $106.70 million or $1.34 per share, compared to net income of $8.54 million or $0.11 per share in the prior-year quarter.
RTTNews | 1185日前
Harsco Trims FY22 Adjusted EBITDA Outlook

Harsco Trims FY22 Adjusted EBITDA Outlook

Provided an update on its expected financial results for the second quarter on Friday, Harsco Corp. (HSC) said it expects a operating loss from continuing operations of between $95 million and $97 million, including a non-cash goodwill impairment charge estimated at approximately $100 million, and adjusted EBITDA within a range of $47.5 million to $50.0 million.
RTTNews | 1203日前
Swiss Market Settles Slightly Down

Swiss Market Settles Slightly Down

The Switzerland market ended slightly down on Thursday, after languishing in the red almost right through the day's session, with investors reacting to corporate earnings updates, and a report showing signs of an improved outlook in the Swiss economy.
RTTNews | 2時13分前
ECB Holds Interest Rates Steady Amid Uncertain Outlook

ECB Holds Interest Rates Steady Amid Uncertain Outlook

The European Central Bank maintained its key interest rates unchanged for a third policy session in a row on Thursday, as expected, as policymakers assessed that the outlook was broadly unchanged, but still uncertain due to global trade conflicts and geopolitical tensions.
RTTNews | 6時15分前
Eurozone GDP Growth Beats Expectations

Eurozone GDP Growth Beats Expectations

The euro area economy expanded at a faster pace in the third quarter as France and Spain reported strong growth, while Germany and Italy experienced stagnation, amid a highly uncertain outlook due to the ongoing trade policies and political instability. Gross domestic product climbed 0.2 percent sequentially in the September quarter, preliminary flash estimate from Eurostat showed on Thursday.
RTTNews | 7時0分前
Bay Street Likely To Open Weak

Bay Street Likely To Open Weak

Weak commodity prices, lower European stocks and U.S. and Canadian futures point to a negative start for the Canadian market on Thursday. The Federal Reserve and Bank of Canada lowered interest rates on Wednesday but have ruled out the possibility of another cut this year.
RTTNews | 7時53分前
German Economy Stagnates On Weaker Exports; Unemployment Falls

German Economy Stagnates On Weaker Exports; Unemployment Falls

The German economy stagnated in the third quarter, narrowly dodging a recession as higher U.S. tariffs damped exports and the optimism about the fiscal stimulus faded, while unemployment logged an unexpected moderate fall. Gross domestic product remained unchanged, as expected, following a revised decline of 0.2 percent in the second quarter, the preliminary estimate from Destatis revealed on T
RTTNews | 7時56分前