Sensient Technologies Q4 Results Miss Estimates; Provides FY23 Outlook

RTTNews | 829 dagar sedan
Sensient Technologies Q4 Results Miss Estimates; Provides FY23 Outlook

(RTTNews) - Sensient Technologies Corp. (SXT) reported Friday that net income for the fourth quarter increased to $29.12 million or $0.69 per share from $27.23 million or $0.65 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter were $0.64 per share, compared to $0.73 per share in the year-ago quarter.

Consolidated revenue for the quarter increased 2.4 percent to $348.74 million from $340.45 million in the same quarter last year.

Foreign currency translation decreased revenue by approximately 3% and earnings per share by approximately 6% in the current quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.70 per share on revenues of $352.07 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2023, the company now projects earnings per share to be flat to low-single digit growth compared to 2022 earnings of $3.34 per share and adjusted earnings per share to grow at a flat to low-single digit growth rate in local currency on revenue growth in the mid-single digit rate in local currency.

The Street is looking for earnings of $3.44 per share on revenues of $1.49 billion for the year.

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

read more
Australian Market Halves Early Gains In Mid-market

Australian Market Halves Early Gains In Mid-market

The Australian stock market is halving its early gains in mid-market trading on Tuesday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,300 level, with gains in technology and financial stocks partially offset a mixed performance in mining and energy stocks.
RTTNews | 27 minuter sedan
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as traders remain cautiously optimistic on the outlook for markets after the U.S.-China temporary trade truce. They now stay focused on the outcome of US trade negotiations with India and Japan. Some traders also locked in profits following the recent upside in the markets.
RTTNews | 53 minuter sedan
Sensex, Nifty Set To Follow Global Peers Higher

Sensex, Nifty Set To Follow Global Peers Higher

Indian shares look set to open higher on Tuesday, tracking firm cues from global markets as China cut its benchmark lending rates for the first time in 7 months to boost its struggling economy amid rising trade tensions.
RTTNews | 1h 23minuter sedan
Flat Lead Called For Thai Stock Market

Flat Lead Called For Thai Stock Market

The Thai stock market has alternated between positive and negative finishes through the last nine 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 above the 1,185-point plateau and it figures to see little movement on Tuesday.
RTTNews | 2h 0minuter sedan
Japanese Market Significantly Higher

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Tuesday, snapping a four-session losing streak, following the broadly positive cues from Wall Street overnight, with the Nikkei 225 moving up to near the 37,800 level, with gains across all sectors led by index heavyweights and technology stocks.
RTTNews | 2h 22minuter sedan