ABM Industries Q1 Adj. EPS Tops Estimates, But Revenues Miss; Backs FY23 Outlook

RTTNews | 980 hari yang lalu
ABM Industries Q1 Adj. EPS Tops Estimates, But Revenues Miss; Backs FY23 Outlook

(RTTNews) - Facility management company ABM Industries, Inc. (ABM) reported on Wednesday first-quarter net income of $38.5 million or $0.58 per share, sharply lower than $76.0 million or $1.01 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter were $0.79 per share, compared to $0.94 per share in the year-ago quarter.

Total revenue for the quarter grew 3 percent to $1.99 billion from $1.94 billion in the same quarter last year. Organic revenue growth was 1 percent.

On average, seven analysts polled by Thomson Reuters expect the company to report earnings of $0.77 per share on net sales of $2.02 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2023, the company continues to project earnings in the range of $2.43 to $2.63 per share and adjusted earnings in the range of $3.40 to $3.60 per share.

The Street is looking for earnings of $3.52 per share for the year.

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

read more
Bay Street May Open On Positive Note Again

Bay Street May Open On Positive Note Again

Canadian stocks may open higher on Wednesday amid optimism about an end to the U.S. government shutdown. Firm European stocks and expectations of an interest rate cut by the Federal Reserve next month may also help underpin sentiment.
RTTNews | 4j 22min yang lalu
FTSE 100 Pares Early Gains; SSE Soars 12%

FTSE 100 Pares Early Gains; SSE Soars 12%

After opening marginally higher and moving up a bit subsequently, the U.K. market's FTSE 100 slipped into negative territory on Wednesday, with investors looking for direction and largely refraining from making significant moves.
RTTNews | 5j 40min yang lalu
CAC 40 Extends Gains To 3rd Straight Day, Rises Over 1%

CAC 40 Extends Gains To 3rd Straight Day, Rises Over 1%

French stocks are up in positive territory on Wednesday, extending gains to a third straight session, led by gains in financial and luxury sectors. Expectations of an interest rate cut by the Federal Reserve next month, and hopes that the government shutdown in the U.S. will likely end this week help underpin sentiment.
RTTNews | 6j 38min yang lalu
DAX Climbs To 4-week High On Inflation Data, Earnings

DAX Climbs To 4-week High On Inflation Data, Earnings

Germany's DAX climbed to a four-week high on Wednesday with investors continuing to pick up stocks amid hopes the US government shutdown will come to an end soon, and expectations of an interest rate cut by the Federal Reserve in December.
RTTNews | 7j 4min yang lalu
Yen Falls After Japan PM Takaichi Comments

Yen Falls After Japan PM Takaichi Comments

The Japanese yen weakened against other major currencies in the Asian session on Wednesday, as Japan's Prime Minister Sanae Takaichi signals a looser fiscal target and calls for caution in the Bank of Japan (BoJ) rate hike.
RTTNews | 9j 3min yang lalu
Asian Shares Mixed As Tech Stocks Drag

Asian Shares Mixed As Tech Stocks Drag

Asian stocks ended mixed on Wednesday as concerns persisted about a potential Artificial Intelligence (AI)-driven market bubble and new data added to signs of a weakening U.S. labor market.
RTTNews | 9j 41min yang lalu