Ecolab Guides Q1 Adj. EPS Above Estimates - Update

RTTNews | 568 days ago
Ecolab Guides Q1 Adj. EPS Above Estimates - Update

(RTTNews) - While reporting financial results for the fourth quarter on Tuesday, Ecolab Inc. (ECL) said it expects adjusted earnings for the first quarter in a range of $1.27 to $1.37 per share and adjusted earnings for the full-year 2024 in a range of $6.10 to $6.50 per share.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.12 per share for the quarter and earnings of $6.14 for the year. Analysts' estimates typically exclude special items.

The company said it is confident 2024 will be another strong year for Ecolab, continuing its long-term 12-15% earnings growth trajectory that is amplified by shorter-term benefits from moderately lower delivered product costs.

The company added that it expects another very strong year of operating margin expansion, building upon its success in 2023, and remain confident in its path to deliver on its 20% margin objective over the next few years to drive superior earnings growth and long-term returns for shareholders.

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

read more
Swiss Market Closes On Bright Note

Swiss Market Closes On Bright Note

The Switzerland market closed on a bright note on Wednesday after holding firm right through the day's trading session thanks to sustained buying at several counters from across various sectors.
RTTNews | 18 minutes ago
Consumer Staples, Materials Stocks Rise As TSX Hits New Record High

Consumer Staples, Materials Stocks Rise As TSX Hits New Record High

The Canadian market is up in positive territory a little past noon on Wednesday, thanks to strong gains in consumer staples, materials and technology sectors. Energy and healthcare stocks are weak, while shares from rest of the sectors are turning in a mixed performance.
RTTNews | 1h 35min ago
U.S. Job Openings Fall To Ten-Month Low In July

U.S. Job Openings Fall To Ten-Month Low In July

Job openings in the U.S. fell to their lowest level in ten months in July, according to a report released by the Labor Department on Wednesday. The Labor Department said job openings dipped to 7.181 million in July after tumbling to a downwardly revised 7.357 million in June.
RTTNews | 2h 48min ago
U.S. Factory Orders Slump Roughly In Line With Estimates In July

U.S. Factory Orders Slump Roughly In Line With Estimates In July

A report released by the Commerce Department on Wednesday showed an extended slump by new orders for U.S. manufactured goods in the month of July. The Commerce Department said factory orders fell by 1.3 percent in July after plunging by 4.8 percent in June. Economists had expected factory orders to decrease by 1.4 percent.
RTTNews | 3h 54min ago