ABM Industries Q1 Adj. EPS Tops Estimates, But Revenues Miss; Backs FY23 Outlook

RTTNews | 981 dias atrás
ABM Industries Q1 Adj. EPS Tops Estimates, But Revenues Miss; Backs FY23 Outlook

(RTTNews) - Facility management company ABM Industries, Inc. (ABM) reported on Wednesday first-quarter net income of $38.5 million or $0.58 per share, sharply lower than $76.0 million or $1.01 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter were $0.79 per share, compared to $0.94 per share in the year-ago quarter.

Total revenue for the quarter grew 3 percent to $1.99 billion from $1.94 billion in the same quarter last year. Organic revenue growth was 1 percent.

On average, seven analysts polled by Thomson Reuters expect the company to report earnings of $0.77 per share on net sales of $2.02 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2023, the company continues to project earnings in the range of $2.43 to $2.63 per share and adjusted earnings in the range of $3.40 to $3.60 per share.

The Street is looking for earnings of $3.52 per share for the year.

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

Etiquetas: ABM
read more
Australian Market Maintains Early Sharp Losses In Mid-market

Australian Market Maintains Early Sharp Losses In Mid-market

The Australian stock market is maintaining its early sharp losses in mid-market moves on Friday, extending the losses in the previous three sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,650 level, with weakness across all sectors led by mining and technology stocks.
RTTNews | 1 h 30 min atrás
Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Friday, following the broadly negative cues from Wall Street overnight, reflecting uncertainty whether key U.S. economic reports will be released following the end of the longest government shutdown in U.S. history, which could alter the US Fed's decision on interest rates. Asian markets ended mostly higher on Thursday.
RTTNews | 1 h 51 min atrás
Thai Stock Market May Turn Lower Again On Friday

Thai Stock Market May Turn Lower Again On Friday

The Thai stock market on Thursday snapped the two-day slide in which it had given up more than 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,285-point plateau although it may hand back those gains on Friday.
RTTNews | 2 h 50 min atrás
Soft Start Expected For Indonesia Stock Market

Soft Start Expected For Indonesia Stock Market

The Indonesia stock market turned lower again on Thursday, one day after ending the two-day slide in which it had fallen almost 30 points or 0.4 percent. The Jakarta Composite Index now sits just above the 8,370-point plateau and the losses may accelerate on Friday.
RTTNews | 3 h 20 min atrás
Hong Kong Shares Tipped To Open In The Red On Friday

Hong Kong Shares Tipped To Open In The Red On Friday

The Hong Kong stock market has moved higher in four straight sessions, advancing almost 825 points or 3.5 percent along the way. The Hang Seng Index now rests just above the 27,070-point plateau although profit taking is expected on Friday.
RTTNews | 3 h 35 min atrás
Japanese Market Sharply Lower

Japanese Market Sharply Lower

Reversing the gains in the previous two sessions, the Japanese market is sharply lower on Friday, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 50,500 level, with weakness across most sectors led by index heavyweights and technology stocks.
RTTNews | 3 h 35 min atrás