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CTS Q4 Results Top Estimates; Guides FY24 In Line With Estimates
CTS Corp. (CTS) reported Tuesday that net earnings for the fourth quarter increased to $15.32 million or $0.49 per share from $14.94 million or $0.47 per share in the prior-year quarter. Excluding items, adjusted earnings were $0.47 per share, compared to $0.56 per share in the year-ago quarter.
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Swiss Franc Drops Against Majors
The Swiss franc weakened against its major counterparts in the European session on Tuesday.
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German Factory Orders Log Unexpected Growth
Germany's manufacturing new orders logged an unexpected rebound in December on aircraft purchases but excluding larger orders, demand declined from November suggesting the dire situation in the industrial sector. Elsewhere, survey data from S&P Global showed another sharp contraction in the construction sector with sustained declines in activity, new orders and employment.
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New Jersey Resources Boosts FY24 NFE Outlook; Q1 Profit Declines
While reporting financial results for the first quarter on Tuesday, New Jersey Resources Corp. (NJR) raised its net financial earnings or NFE guidance for the full-year 2024, due to a strong performance from Energy Services in January 2024 as it benefited from natural gas price volatility.
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Eli Lilly Guides FY24 Revenues Above Estimates - Update
While reporting financial results for the fourth quarter on Tuesday, drugmaker Eli Lilly and Co. (LLY) initiated its earnings, adjusted earnings and revenue guidance for the full-year 2024.
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Jacobs Solutions Reiterates FY24 Adj. EPS Outlook - Update
While reporting financial results for the first quarter on Tuesday, professional services provider Jacobs Solutions, Inc. (J) reiterated its adjusted earnings guidance for the full-year 2024.
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Lear Guides FY24 Net Sales In Line With Estimates - Update
While reporting financial results for the fourth quarter on Tuesday, automotive technology company Lear Corp. (LEA), an automotive technology leader in Seating and E-Systems, initiated its core operating earnings and net sales guidance for the full-year 2024.
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Gartner Guides FY24 Below Estimates - Update
While reporting financial results for the fourth quarter on Tuesday, management consulting company Gartner, Inc. (IT) said it expects fiscal 2024 adjusted earnings to be atleast $10.55 per share on consolidated revenues of atleast $6.24 billion.
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Centene Reiterates FY24 Adj. EPS Outlook - Update
While reporting financial results for the fourth quarter on Tuesday, healthcare company Centene Corp. (CNC) said it reiterates its 2024 adjusted earnings guidance floor of greater than $6.70 per share.
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BP Q4 Underlying RC Profit Tops Market, Plans Share Buybacks; Stock Up
Shares of BP Plc were gaining around 6 percent in the morning trading on the London Stock Exchange as well as in pre-market activity on the NYSE after the British energy major reported Tuesday fourth-quarter underlying replacement cost or RC profit above market estimates. On a reported basis, RC profit and net profit were sharply lower than last year as revenues were hit mainly by lower production
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Sensex Gains 455 Points; Nifty Tops 21,900
Indian shares rose notably on Tuesday as the dollar and bond yields slipped from recent highs and Chinese authorities stepped up efforts to stem an equity rout.
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European Shares Broadly Higher In Cautious Trade; Eurozone Retail Sales Data Eyed
European stocks were broadly higher on Tuesday as U.S. Treasury yields dipped from recent highs, BP Plc unveiled more share buybacks and official data showed German factory orders unexpectedly rebounded in December.
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FTSE 100 Rebounds As BP Increases Share Buybacks
U.K. stocks advanced on Tuesday after BP Plc unveiled more share buybacks and announced plans to boost shareholder returns.
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