Genuine Parts Boosts FY23 Adj. EPS Outlook - Update

RTTNews | 848 hari yang lalu
Genuine Parts Boosts FY23 Adj. EPS Outlook - Update

(RTTNews) - While reporting financial results for the second quarter on Thursday, Genuine Parts Co. (GPC) raised its adjusted earnings guidance for the full-year 2023, while reaffirming annual total net sales growth.

For fiscal 2023, the company now projects both earnings and adjusted earnings in a range of $9.15 to $9.30 per share on total sales growth of 4 to 6 percent.

Previously, the company expected both earnings and adjusted earnings in the range of $8.95 to $9.10 per share on total sales growth of 4 to 6 percent.

On average, 13 analysts polled by Thomson Reuters expect the company to report earnings of $9.08 per share on revenues of $23.44 billion for the year. Analysts' estimates typically exclude special items.

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

read more
Genuine Parts Boosts FY23 Adj. EPS Outlook - Update

Genuine Parts Boosts FY23 Adj. EPS Outlook - Update

While reporting financial results for the third quarter on Thursday, Genuine Parts Co. (GPC) raised its adjusted earnings guidance for the full-year 2023, while reaffirming annual total net sales growth.
RTTNews | 757 hari yang lalu
Swiss Market Ends On Weak Note

Swiss Market Ends On Weak Note

Save for a brief while around mid morning when it edged slightly above the flat line, Switzerland's benchmark index SMI remained in negative territory on Friday amid concerns about high tech valuation and fading hopes of an interest rate cut by the Federal Reserve next month.
RTTNews | 5j 23min yang lalu
Bay Street Likely To Open On Weak Note

Bay Street Likely To Open On Weak Note

Lower Canadian and U.S. futures and weak metal prices point to a negative open for stocks on Bay Street Friday morning. Energy stocks may find some support thanks to higher crude oil prices and help limit the downside.
RTTNews | 11j 38min yang lalu
FTSE 100 Down Sharply As Bond Yields Climb Higher

FTSE 100 Down Sharply As Bond Yields Climb Higher

UK stocks are falling on Friday with bond yields rising amid speculation Chancellor Rachel Reeves may backtrack on budget plans. The possibility of the Bank of England refraining from cutting interest rates due to fiscal concerns has raised concerns about fiscal and economic outlook.
RTTNews | 12j 36min yang lalu
CAC 40 Sheds About 1.3% On Economic Concerns

CAC 40 Sheds About 1.3% On Economic Concerns

French stocks are showing weakness on Friday, retreating from record highs hit in the previous session, as concerns about high tech valuations outweighed the positive news about the end of the longest government shutdown in United States history.
RTTNews | 13j 10min yang lalu