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OSI Systems Reiterates FY23 Outlook - Update
While reporting financial results for the first quarter on Thursday, OSI Systems, Inc. (OSIS) reiterated its adjusted earnings and revenue guidance for the full-year 2023.
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U.S. Jobless Claims Inch Up Less Than Expected To 217,000
The Labor Department released a report on Thursday showing a modest increase in first-time claims for U.S. unemployment benefits in the week ended October 22nd. The report said initial jobless claims inched up to 217,000, an increase of 3,000 from the previous week's unrevised level of 214,000. Economists had expected initial jobless claims to edge up to 220,000.
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ECB Raises Rates By 75 Bps As Expected, Signals More Hikes
The European Central Bank raised its key interest rates by 75 basis points on Thursday, in line with expectations, and signaled that policymakers look forward to hike rates more in the months ahead as inflation is expected to stay high for an extended period.
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Medical Properties Trust Q3 Results Top Estimates; Lifts FY22 Outlook
Medical Properties Trust, Inc. (MPW) reported Thursday that third-quarter net income attributable to stockholders increased to $221.79 million or $0.37 per share from $171.14 million or $0.29 per share prior-year quarter.
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U.S. GDP Rebounds Slightly More Than Expected In Q3
Following two straight quarters of contraction, the Commerce Department released a report on Thursday showing U.S. economic activity rebounded by slightly more than expected in the third quarter.
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Oshkosh Q3 Results Miss Estimates, But Reaffirms FY22 Outlook
Oshkosh Corp. (OSK) reported on Thursday that net income for the third quarter declined to $59.3 million or $0.90 per share from $89.7 million or $1.30 per share in the prior-year quarter. Excluding items, adjusted net income was $1.00 per share, compared to $1.05 per share in the year-ago quarter.
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U.S. Durable Goods Orders Rise Less Than Expected In September
A report released by the Commerce Department on Thursday showed new orders for U.S. manufactured durable goods increased by less than expected in the month of September.
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U.S. Weekly Jobless Claims Inch Up Less Than Expected
The Labor Department released a report on Thursday showing a modest increase in first-time claims for U.S. unemployment benefits in the week ended October 22nd.
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Bay Street Seen Opening On Mixed Note
Canadian shares are likely to open on a mixed note on Thursday with investors weighing the ECB's policy announcement, and tracking quarterly earnings updates.
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Lincoln Electric Q3 Results Top Estimates; Boosts Dividend 14.3%
Lincoln Electric Holdings, Inc. (LECO) reported Tuesday that net income for the third quarter soared to $109.23 million or $1.87 per share from $31.76 million or $0.53 per share in the prior-year quarter.
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Euro Drops After ECB Decision
As expected, the European Central Bank raised its main refinancing rate by 75 basis points to 2 percent. Following the announcement, the euro fell against its major opponents.
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Lennox Int'l Boosts FY22 Outlook; Q3 Adj. EPS Meets Estimates, Revenues Top
While reporting financial results for the third quarter on Thursday, Lennox International Inc. (LII) raised its earnings and revenue growth guidance for the full-year 2022.
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Euro Mixed Ahead Of ECB Decision
The European Central Bank will announce interest rate decision at 8:15 am ET Thursday. The ECB is expected to hike its main refinancing rate by 75 basis points to 2 percent.
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