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HNI Corp. Q1 Results Top Estimates

RTTNews | 829 dias atrás

HNI Corp. Q1 Results Top Estimates

(RTTNews) - HNI Corp. (HNI) reported Monday that net income attributable to the company for the first quarter plunged to $1.6 million or $0.04 per share from $14.2 million or $0.33 per share in the year-ago quarter. Excluding special items, adjusted net income for the quarter was $0.13 per share.

On average, four analysts polled by Thomson Reuters expected the company to report a loss of $0.03 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter declined 16.3 percent to $479.1 million from $572.3 million in the same quarter last year. On an organic basis, sales decreased 14.0 percent. The Street was looking for sales of $462.26 million for the quarter.

Looking ahead, the Corporation continues to expect earnings seasonality will be more in-line with pre-pandemic trends. It now expects to generate approximately 80 percent of its annual profit in the second half of 2023, compared to approximately 60 percent in the second half of 2022.

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HNI Corp. Q1 Results Top Estimates

HNI Corp. Q1 Results Top Estimates

HNI Corp. (HNI) reported Monday that net income attributable to the company for the first quarter surged to $17.7 million or $0.37 per share from $1.6 million or $0.04 per share in the year-ago quarter.

RTTNews | 472 dias atrás

Malaysia Bourse May Extend Thursday's Losses

Malaysia Bourse May Extend Thursday's Losses

The Malaysia stock market on Thursday halted the seven-day wining streak in which it had gained almost 60 points or 4 percent. The Kuala Lumpur Composite Index now sits just above the 1,580-point plateau and it may inch lower again on Friday.

RTTNews | 32 minutos atrás

Japan Shares May Tick Lower Again On Friday

Japan Shares May Tick Lower Again On Friday

The Japan stock market on Thursday snapped the six-day winning streak in which it had surged more than 3,000 points or 7.3 percent. The Nikkei 225 now sits just beneath the 42,650-point plateau and it may remain stuck in neutral on Friday.

RTTNews | 1 h 2 min atrás

New Zealand Manufacturing Sector Expands In July - BusinessNZ

New Zealand Manufacturing Sector Expands In July - BusinessNZ

The manufacturing sector in New Zealand moved up into expansion territory in July, BusinessNZ said on Friday with a seasonally adjusted Performance of Manufacturing Index score of 52.8.

RTTNews | 1 h 9 min atrás

Japan GDP Data Due On Friday

Japan GDP Data Due On Friday

Japan will on Friday release preliminary Q2 numbers for gross domestic product, highlighting a busy day for Asia-Pacific economic activity. GDP is expected to rise 0.1 percent on quarter and 0.4 percent on year following the flat quarterly reading and the 0.2 percent contraction in the three months prior. Capex is seen higher by 0.5 percent on quarter, easing from 1.1 percent in Q1.

RTTNews | 2 h 2 min atrás

U.S. Dollar Firms After Strong PPI Data

U.S. Dollar Firms After Strong PPI Data

The U.S. dollar climbed against its major counterparts in the New York session on Thursday, following the release of hotter-than-expected producer inflation report for July.

RTTNews | 2 h 11 min atrás

Canadian Market Remains In Negative Territory After Weak Start

Canadian Market Remains In Negative Territory After Weak Start

The Canadian market, which opened on a weak note Thursday morning, continues to languish in negative territory well past noon, weighed down by losses in technology and industrials sectors.

RTTNews | 6 h 15 min atrás

Swiss Market Ends Modestly Higher After Mild Struggle

Swiss Market Ends Modestly Higher After Mild Struggle

The Switzerland market recovered after a flat start on Thursday, and after staying positive till well past noon, suffered a setback but regained some strength to eventually end the day's session modestly higher.

RTTNews | 6 h 40 min atrás

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