Apogee Enterprises Boosts FY23 Outlook As Q1 Results Top View

RTTNews | 1066 gün önce
Apogee Enterprises Boosts FY23 Outlook As Q1 Results Top View

(RTTNews) - While reporting financial results for the first quarter on Thursday, Apogee Enterprises, Inc. (APOG) raised its adjusted earnings guidance for the full-year 2023, based on first-quarter results and increasing confidence in its outlook.

For fiscal 2023, the company now projects adjusted earnings in a range of $3.50 to $3.90 per share, up from the prior guidance range of $2.90 to $3.30 per share.

On average, five analysts polled by Thomson Reuters expect the company to report earnings of $3.08 per share for the year. Analysts' estimates typically exclude special items

The company also expects revenue growth and margin expansion going forward. The company still forecasts full year capital expenditures of $35 to $40 million.

For the first quarter, the company reported net earnings of $22.73 million or $1.00 per share, higher than $10.82 million or $0.42 per share in the prior-year quarter.

Revenues for the quarter grew 9.4 percent to $356.64 million from $326.01 million in the same quarter last year, led by growth in Architectural Services and Architectural Framing Systems.

The Street was looking for earnings of $0.56 per share on revenues of $328.59 million for the quarter.

Etiketler: APOG
read more
Euro Slips On Trump's Tariff Proposal

Euro Slips On Trump's Tariff Proposal

The euro fell against its major counterparts on Friday, as President Donald Trump proposed tariffs on imports from the European Union starting on June 1.
RTTNews | 20s 28 dakika önce
Swiss Market Ends Weak On Tariff Concerns

Swiss Market Ends Weak On Tariff Concerns

After opening on a positive note and staying above the flat line till about an hour past noon, the Switzerland market tumbled on Friday, hurt by U.S. President Donald Trump's threat that imports from the European Union will face 50% tariffs from June 1st.
RTTNews | 21s 19 dakika önce
European Stocks Closed Weak On Trump's Fresh Tariff Threat

European Stocks Closed Weak On Trump's Fresh Tariff Threat

European stocks closed on a weak note on Friday despite staging a fairly strong recovery past mid afternoon. After staying modestly higher till noon, the major European markets tumbled after U.S. President Donald Trump threatened to impose 50% tariffs on imports from the European Union from June 1st.
RTTNews | 21s 35 dakika önce
TSX Recovers After Early Setback; Materials Stocks Move Higher

TSX Recovers After Early Setback; Materials Stocks Move Higher

After a weak start and a subsequent drop to lower levels, the Canadian market recovered well and is down just marginally a little past noon on Friday. The early setback was due to U.S. President Donald Trump's threat that 50% tariffs will be imposed on imports from the European Union beginning June 1st.
RTTNews | 22s 44 dakika önce
U.S. New Home Sales Spike From Downwardly Revised Level In April

U.S. New Home Sales Spike From Downwardly Revised Level In April

The Commerce Department released a report on Friday showing new home sales in the U.S. in the month of April spiked compared to a significantly downwardly revised level in March. The report said new home sales soared by 10.9 percent to an annual rate of 743,000 in April after jumping by 2.6 percent to a downwardly revised rate of 670,000 in March.
RTTNews | 1 gün önce
Germany Logs Stronger Growth On Tariff Threats

Germany Logs Stronger Growth On Tariff Threats

The German economy grew at a stronger-than-estimated pace in the first quarter as higher tariff threats by the U.S. administration led to the frontloading of orders for the country's goods, lifting exports and industrial production. Gross domestic product grew 0.4 percent, which was double the initial estimate of 0.2 percent, a detailed report from Destatis revealed on Friday.
RTTNews | 1 gün önce
Bay Street Likely To Open On Negative Note On Tariff Concerns

Bay Street Likely To Open On Negative Note On Tariff Concerns

Canadian shares look headed for a weak start Friday morning as tariff concerns resurfaced after U.S. President Donald Trump threatened 50% tariffs on EU goods from June 1. Weak oil prices could hurt energy stocks and add to market's downside.
RTTNews | 1 gün önce
FTSE Pares Early Gains, Up Marginally In Cautious Trade

FTSE Pares Early Gains, Up Marginally In Cautious Trade

U.K. stocks moved higher Friday morning, reacting to data showing a notable rise in retail sales, and survey showing strong consumer confidence. However, stocks pared gains subsequently in cautious trade and the market was up just marginally a little past noon.
RTTNews | 1 gün önce