Sensient Technologies Q4 Results Miss Estimates; Provides FY23 Outlook

RTTNews | 991日前
Sensient Technologies Q4 Results Miss Estimates; Provides FY23 Outlook

(RTTNews) - Sensient Technologies Corp. (SXT) reported Friday that net income for the fourth quarter increased to $29.12 million or $0.69 per share from $27.23 million or $0.65 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter were $0.64 per share, compared to $0.73 per share in the year-ago quarter.

Consolidated revenue for the quarter increased 2.4 percent to $348.74 million from $340.45 million in the same quarter last year.

Foreign currency translation decreased revenue by approximately 3% and earnings per share by approximately 6% in the current quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.70 per share on revenues of $352.07 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2023, the company now projects earnings per share to be flat to low-single digit growth compared to 2022 earnings of $3.34 per share and adjusted earnings per share to grow at a flat to low-single digit growth rate in local currency on revenue growth in the mid-single digit rate in local currency.

The Street is looking for earnings of $3.44 per share on revenues of $1.49 billion for the year.

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

read more
U.S. Consumer Confidence Edges Modestly Lower In October

U.S. Consumer Confidence Edges Modestly Lower In October

Consumer confidence in the U.S. saw a modest deterioration in the month of October, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index dipped to 94.6 in October from an upwardly revised 95.6 in September.
RTTNews | 2時31分前
PayPal Lifts FY25 Outlook Above Market, Teams With OpenAI; Stock Up

PayPal Lifts FY25 Outlook Above Market, Teams With OpenAI; Stock Up

Shares of PayPal Holdings, Inc. were gaining around 15 percent in the pre-market activity on the Nasdaq, after the company issued earnings forecast for its fourth quarter expecting year-over-year growth, and raised fiscal 2025 outlook above the market estimates. The payment technology major also initiated quarterly cash dividend after reporting higher third-quarter results above market.
RTTNews | 3時47分前
Falling Commodity Prices Likely To Weigh On Canadian Market At Open

Falling Commodity Prices Likely To Weigh On Canadian Market At Open

Canadian market is likely to open on a negative note Tuesday morning, weighed down by falling crude oil and gold prices. The mood is likely to remain cautious ahead of the monetary policy announcements from the Bank of Canada and the Federal Reserve on Wednesday.
RTTNews | 4時12分前
German GfK Consumer Sentiment To Continue Falling On Weak Income Expectations

German GfK Consumer Sentiment To Continue Falling On Weak Income Expectations

German consumer confidence is likely to continue its downward trend in November on weaker income expectations, monthly survey data published jointly by NIQ/GfK and the Nuremberg Institute for Market Decisions showed Tuesday. The forward-looking consumer climate indicator fell unexpectedly to -24.1 in November from revised -22.5 in October. The score was expected to improve to -22.0.
RTTNews | 5時4分前