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AECOM Guides FY23 Adj. EPS In Line With Estimates - Update
(RTTNews) - While reporting financial results for the fourth quarter on Monday, infrastructure consulting firm AECOM (ACM) initiated adjusted earnings and organic net service revenue growth outlook for the full-year 2023.
For fiscal 2023, the company now projects adjusted earnings in a range of $3.55 to $3.75 per share on organic net service revenue growth of approximately 8% and actual NSR growth, which incorporates the impact of the strong U.S. dollar, of approximately 4%.
On average, eight analysts polled by Thomson Reuters expect the company to report earnings of $3.65 per share for the year. Analysts' estimates typically exclude special items.
AECOM is also on track to deliver on its long-term fiscal 2024 financial targets, including adjusted earnings of more than $4.75 per share.
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AECOM Inks Multi-year Contract For Project Management Consultancy For NEOM Int'l Airport
Infrastructure consulting firm AECOM (ACM) announced Wednesday that it has been awarded a multi-year contract to provide project management consultancy (PMC) services for NEOM International Airport (NIA), in the northwestern region of Saudi Arabia.
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Mild Support Expected For Malaysia Stock Market
The Malaysia stock market has finished higher in two of three trading days since the end of the three-day losing streak in which it had slipped more than 20 points or 1.3 percent. The Kuala Lumpur Composite Index now sits just above the 1,535-point plateau and it may add to its winnings on Tuesday.
The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.
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Japan Stock Market Poised To Snap Losing Streak
The Japanese stock market has moved lower in three straight sessions, sinking more than 360 points or 0.9 percent in that span. The Nikkei 225 now sits just beneath the 39,570-point plateau although it's likely to stop the bleeding on Tuesday.
The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.
The Nikkei finished modestly lower on Monday as losses from the financial and technology stocks were mitigated by support from the automobile producers.
For the day, the index shed110.06 points or 0.28 percent to finish at 39,459.62 after trading between 39,288.90 and 39,608.02.
Among the actives, Nissan Motor accelerated 3.61 percent, while Mazda Motor rose 0.39 percent, Toyota Motor advanced 0.94 percent, Honda Motor improved 0.86 percent, Softbank Group stumbled 3.12 percent, Mizuho Financial sank 0.71 percent, Sumitomo Mitsui Financial fell 0.33 percent, Mitsubishi Electric eased 0.03 percent, Sony Group slipped 0.31 percent, Panasonic Holdings dropped 0.83 percent and Hitachi climbed 1.21 percent.
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Additional Upside Seen For South Korea Stock Market
The South Korea stock market bounced higher again on Monday, one session after ending the four-day winning streak in which it had rallied more than 130 points or 4.1 percent. Now at a four-year closing high, the KOSPI sits just above the 3,200-point plateau and it may tick higher again on Tuesday.
The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.
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China GDP Data Due On Tuesday
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Canadian Dollar Strengthens Amid Risk Appetite
The Canadian dollar advanced against its most major counterparts in the New York session on Monday, as investors shrugged off tariff threats from President Donald Trump over the weekend.
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Swiss Market Settles Slightly Up After Lackluster Session
The Switzerland market, which remained in the red save for a brief while at the fag end of the day's session, settled with a small gain on Monday.
The mood in the market was very cautious as trade war fears escalated after U.S. President Donald Trump announced over the weekend that he would impose a 30% tariff on EU imports from August 1.
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European Stocks Close Mostly Lower
Despite staging a recovery in late afternoon trades, European markets mostly ended on a weak note on Monday as worries about global trade escalated after U.S. President Donald Trump announced over the weekend that he would levy a 50% tariff on EU imports from August 1.
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