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Array Technologies Sees FY22 Revenues Above Estimates

RTTNews | 969 days ago

Array Technologies Sees FY22 Revenues Above Estimates

(RTTNews) - While reporting preliminary unaudited financial results for the full-year 2023 on Thursday, Array Technologies (ARRY) now sees a loss in a range of $0.27 to $0.28 per share and adjusted earnings in a range of $0.34 to $0.37 per share on revenues between $1.62 billion and $1.64 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.35 per share on revenues of $1.57 billion for the year. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2023, the company now projects adjusted earnings in a range of $0.75 to $0.85 per share on revenues between $1.80 billion and $1.95 billion. The Street is looking for earnings of $0.95 per share on revenues of $1.90 billion for the year.

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

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Win Streak May Continue For Malaysia Bourse

Win Streak May Continue For Malaysia Bourse

The Malaysia stock market has moved higher in consecutive trading days, picking up more than 10 points or 0.6 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,615-point plateau and it's expected to open to the upside again on Monday.

RTTNews | 26 minutes ago

Japan Stock Market May Extend Friday's Gains

Japan Stock Market May Extend Friday's Gains

The Japanese stock market on Friday snapped the two-day slide in which it had stumbled more than 675 points or 1.4 percent. The Nikkei 225 now sits just beneath the 49,300-point plateau and it may add to its winnings on Monday.

RTTNews | 41 minutes ago

KOSPI Has Firm Lead For Monday's Trade

KOSPI Has Firm Lead For Monday's Trade

The South Korea stock market bounced higher again on Friday, one day after snapping the six-day winning streak in which it had surged more than 320 points or 8.6 percent. Now at a fresh record closing high, the KOSPI sits just above the 3,940-point plateau and it may extend its gains on Monday.

RTTNews | 56 minutes ago

Hong Kong Trade Data On Tap For Monday

Hong Kong Trade Data On Tap For Monday

Hong Kong will on Monday release September figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity.

RTTNews | 1h 56min ago

Canadian Dollar Recovers Against Majors

Canadian Dollar Recovers Against Majors

The Canadian dollar recovered against its major counterparts in the New York session on Friday.

RTTNews | 2 days ago

Russia Central Bank Cuts Rates For Fourth Policy Session

Russia Central Bank Cuts Rates For Fourth Policy Session

Russia's central bank unexpectedly reduced its key interest rate for the fourth policy session in a row, citing high inflation expectations and lackluster growth, and signaled that monetary policy will remain tight for an extended period of time.

RTTNews | 2 days ago

Canadian Market Rises On Rate Cut Bets

Canadian Market Rises On Rate Cut Bets

The Canadian market is up firmly in positive territory Friday afternoon, thanks to strong gains in the technology sector. A few stocks from financial and communications sectors are also up with notable gains.

RTTNews | 2 days ago

Swiss Market Ends Marginally Up After Choppy Ride

Swiss Market Ends Marginally Up After Choppy Ride

The market started off on a positive note on Friday but slipped into the red around mid morning and then struggled for direction till the end with stocks swinging between gains and losses amid cautious moves by investors.

RTTNews | 2 days ago

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