Pool Corp Slashes FY23 Outlook As Q2 Results Miss Estimates

RTTNews | 675 dni temu
Pool Corp Slashes FY23 Outlook As Q2 Results Miss Estimates

(RTTNews) - Pool Corp. (POOL) on Thursday reported that net income for the second quarter declined to $232.25 million or $5.91 per share from $307.28 million or $7.63 per share in the prior-year quarter.

Excluding the impact from ASU 2016-09 in both periods, adjusted earnings for the quarter were $5.89 per share, compared to $7.59 per share for the year-ago quarter.

Net sales for the quarter decreased 10 percent to $1.86 billion from $2.06 billion in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $6.20 per share on revenues of $1.91 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2023, Pool lowered its earnings guidance to a range of $13.14 to $14.14 per share from the prior outlook range of $14.62 to $16.12 per share. The Street expects earnings of $14.94 per share for the year.

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

read more
Domino's, Pool Corp. Climb After Buffett's Berkshire Buys Stake

Domino's, Pool Corp. Climb After Buffett's Berkshire Buys Stake

Shares of Domino's Pizza Inc. and swimming pool supplier Pool Corp. gained significantly in the extended trading in New York on Thursday after billionaire investor Warren Buffett's Berkshire Hathaway Inc. took stake in them. In the pre-market activity, Domino's shares were moving up 8 percent and Pool shares were up 7 percent.
RTTNews | 191 dni temu
Taiwan Shares May See Further Damage Again On Monday

Taiwan Shares May See Further Damage Again On Monday

The Taiwan stock market has moved lower in back-to-back sessions, sinking more than 150 points or 0.7 percent along the way. The Taiwan Stock Exchange now sits just above the 21,650-point plateau and it may extend its losses on Monday.
RTTNews | 16 minut temu
Singapore Bourse Likely To Remain Rangebound

Singapore Bourse Likely To Remain Rangebound

The Singapore stock market ticked higher again on Friday, one day after ending the two-day winning streak in which it had risen just 6 points or 0.15 percent. The Straits Times Index now sits just above the 3,880-point plateau, although it may remain stuck in neutral on Monday.
RTTNews | 46 minut temu