Sotera Health Q2 Results Top Estimates; Reaffirms FY24 Outlook

RTTNews | 283 days ago
Sotera Health Q2 Results Top Estimates; Reaffirms FY24 Outlook

(RTTNews) - Sotera Health Co. (SHC) reported Monday that net income for the second quarter nearly doubled to $8.75 million or $0.03 per share from $23.51 million or $0.08 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter were $0.19 per share, compared to $0.20 per share in the year-ago quarter.

On average, eight analysts polled by Thomson Reuters expected the company to report earnings of $0.16 per share for the quarter. Analysts' estimates typically exclude special items.

Total net revenue for the quarter increased 8.3 percent to $276.59 million from $255.28 million in the same quarter last year. Net revenues were up 8.8 percent on a constant currency basis. Analysts expected revenues of $266.44 million for the quarter.

Looking ahead to fiscal 2024, the company continues to project adjusted earnings in a range of $0.67 to $0.75 per share on revenue growth of 4 to 6 percent. The Street is looking for earnings of $0.72 per share on revenues of $1.10 billion for the year.

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

read more
Sotera Health Appoints Jon Lyons To Succeed Michael Biehl As CFO

Sotera Health Appoints Jon Lyons To Succeed Michael Biehl As CFO

Sotera Health Co. (SHC) announced Monday that Jon Lyons has joined the Company, effective today, as Senior Vice President and Chief Financial Officer. Lyons recently served as Vice President, Corporate FP&A for Owens Corning (OC).
RTTNews | 689 days ago
Thai Shares May Reclaim 1,200-Point Level

Thai Shares May Reclaim 1,200-Point Level

The Thai stock market has alternated between positive and negative finishes through the last seven trading days since the end of the five-day winning streak in which it had advanced more than 50 points or 4.3 percent. The Stock Exchange of Thailand now sits just beneath the 1,195-point plateau and it's expected to open to the upside on Friday.
RTTNews | 22 minutes ago
Japanese Market Notably Lower

Japanese Market Notably Lower

Extending the losses in the previous two sessions, the Japanese market is notably lower on Friday, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling to near the 37,500 level, with weakness across most sectors led by index heavyweights, automakers and technology stocks.
RTTNews | 40 minutes ago
Win Streak May Continue For Indonesia Bourse

Win Streak May Continue For Indonesia Bourse

The Indonesia stock market has finished higher in three straight sessions, improving more than 210 points or 3.1 percent in that span. The Jakarta Composite Index now rests just above the 7,040-point plateau and it's expected to extend its gains again on Friday.
RTTNews | 52 minutes ago
Hang Seng Tipped To Open To The Upside On Friday

Hang Seng Tipped To Open To The Upside On Friday

The Hong Kong stock market has moved lower in two of three trading days since the end of the eight-day winning streak in which it had surged almost 1,600 points or 7.1 percent. The Hang Seng Index now sits just above the 23,450-point plateau and it's expected to bounce higher again on Friday.
RTTNews | 1h 7min ago
Australian Market Significantly Higher

Australian Market Significantly Higher

The Australian stock market is trading significantly higher on Friday, adding to the gains in the previous seven sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving to near the 8,400 level, with gains across most sectors led by mining, financial and technology stocks.
RTTNews | 1h 19min ago
Renewed Support Anticipated For China Stock Market

Renewed Support Anticipated For China Stock Market

The China stock market on Thursday halted the three-day winning streak in which it had jumped almost 65 points or 1.9 percent. The Shanghai Composite Index now rests just above the 3,380-point plateau and it's tipped to open in the green on Friday.
RTTNews | 1h 22min ago
Higher Open Called For Taiwan Stock Market

Higher Open Called For Taiwan Stock Market

The Taiwan stock market on Thursday snapped the four-day winning streak in which it had surged almost 1,250 points or 6.2 percent. The Taiwan Stock Exchange now sits just above the 21,730-point plateau although it's likely to tick higher again on Friday.
RTTNews | 1h 52min ago