Mirion Technologies Q2 Results Top Estimates; Boosts FY23 Revenue Outlook

RTTNews | 799 days ago
Mirion Technologies Q2 Results Top Estimates; Boosts FY23 Revenue Outlook

(RTTNews) - Mirion Technologies, Inc. (MIR) reported Wednesday that net loss attributable to Mirion for the second quarter narrowed to $27.7 million or $0.14 per share from $58.6 million or $0.32 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter were $0.08 per share, compared to $0.13 per share in the year-ago quarter.

Total revenues for the quarter grew 12.2 percent to $197.2 million from $175.8 million in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.06 per share on revenues of $190.49 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2023, the company now projects adjusted earnings in a range of $0.28 to $0.34 per share, on revenue growth of 8 to 10 percent, with organic revenue growth of 6 to 8 percent.

Previously, the company expected adjusted earnings in a range of $0.28 to $0.34 per share, on revenue growth of 6 to 9 percent, with organic revenue growth of 4 to 7 percent.

The Street is currently looking for earnings of $0.31 per share on revenues of $774.87 million for the year.

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

read more
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming its early losses in mid-market moves on Friday, reversing the gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is well below the 9,000 mark, with weakness in mining and energy stocks partially offset by gains in financial and technology stocks.
RTTNews | 41 minutes ago
Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian markets are trading mostly lower on Friday, following the broadly negative cues from Wall Street overnight, on waning optimism over the outlook for interest rate amid concerns about the ongoing U.S. government shutdown, which entered its ninth day with no end in sight. The economic impact of a prolonged suspension of non-essential government services may be starting to weigh on the markets.
RTTNews | 1h 12min ago
Thai Shares Expected To Remain Rangebound On Friday

Thai Shares Expected To Remain Rangebound On Friday

The Thai stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had climbed almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just beneath the 1,315-point plateau and it's likely to open under water again on Friday.
RTTNews | 2h 16min ago
Profit Taking May Dent Indonesia Shares

Profit Taking May Dent Indonesia Shares

The Indonesia stock market bounced higher again on Thursday, one day after ending the four-day winning streak in which it had rallied almost 130 points or 1.6 percent. Now at a fresh record closing high, the Jakarta Composite Index sits just above the 8,250-point plateau although investors figure to lock in gains on Friday.
RTTNews | 2h 46min ago
Japanese Market Notably Lower

Japanese Market Notably Lower

Reversing the sharp gains in the previous session, the Japanese market is notably lower on Friday, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 48,350 level, with weakness across most sectors led by exporters and financial stocks.
RTTNews | 2h 57min ago
Continued Consolidation Called For Hong Kong Shares

Continued Consolidation Called For Hong Kong Shares

The Hong Kong stock market had moved lower in four straight sessions, shedding more than 525 points or 1.9 percent along the way. The Hang Seng Index now sits just above the 26,750-point plateau and it may extend its slide on Friday.
RTTNews | 3h 16min ago
Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Friday, extending the gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness across most sectors led by gold miners and energy stocks.
RTTNews | 3h 35min ago