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CECO Environmental Boosts FY23 Revenue Outlook As Q2 Revenue Tops Estimates

RTTNews | 751 ngày trước

CECO Environmental Boosts FY23 Revenue Outlook As Q2 Revenue Tops Estimates

(RTTNews) - CECO Environmental Corp. (CECO) reported Tuesday the net income attributable to CECO for the second quarter declined to $3.72 million or $0.11 per share from $4.39 million or $0.13 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter was $0.15 per share, compared to $0.18 per share in the year-ago quarter.

Revenues for the quarter increased 23 percent to $129.18 million from $105.38 million in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.15 per share on revenues of $117.77 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2023, the company now projects revenues between $500 million and $525 million, up from the prior forecast for revenues greater than $485 million.

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

Thẻ: CECO

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CECO Environmental Expects Q4 Orders To Exceed $145 Mln

CECO Environmental Expects Q4 Orders To Exceed $145 Mln

CECO Environmental Corp. (CECO) announced Tuesday it expects orders for the fourth quarter of 2022 to exceed $145 million, an increase of at least $55 million, or 60 percent, over the prior-year quarter and $43 million, or 42 percent, on a sequential basis, providing CECO with year-end backlog at or near record levels.

RTTNews | 961 ngày trước

DAX Retreats After Firm Start, Down Marginally

DAX Retreats After Firm Start, Down Marginally

After opening on a strong note thanks to easing AI slowdown fears after Nvidia's impressive results, the German market retreated and slipped into negative territory on Thursday. Despite paring some early gains, auto stocks remain fairly well up in positive territory.

RTTNews | 22 phút trước

Swiss Franc Rises Against Majors

Swiss Franc Rises Against Majors

The Swiss franc strengthened against other major currencies in the European session on Thursday.

RTTNews | 37 phút trước

Sensex, Nifty Retreat On US Tariff Worries

Sensex, Nifty Retreat On US Tariff Worries

Indian shares fell sharply on Thursday as traders waited to see how New Delhi responds to pressure from Washington to stop buying Russian oil after the 50 percent tariffs levied by the U.S. on Indian goods came into effect on Wednesday.

RTTNews | 42 phút trước

Bank Of Korea Stands Pat On Rates, Lifts 2025 Growth Outlook

Bank Of Korea Stands Pat On Rates, Lifts 2025 Growth Outlook

The Bank of Korea left its interest rate unchanged on Thursday as economic growth improved moderately despite high uncertainty surrounding the outlook. The Monetary Policy Board decided to hold the Base Rate at 2.50 percent. The central bank had previously lowered the benchmark rate by a quarter-point each in May and February.

RTTNews | 49 phút trước

European Shares Mostly Higher As Nvidia Outlook Lifts Sentiment

European Shares Mostly Higher As Nvidia Outlook Lifts Sentiment

European stocks were mostly higher on Thursday as Nvidia's positive results helped ease AI slowdown fears. U.K. markets underperformed as banks and utilities declined.

RTTNews | 2h 0phút trước

Asian Shares Rise As Nvidia Beats Expectations

Asian Shares Rise As Nvidia Beats Expectations

Asian stocks ended mostly higher on Thursday as Nvidia's strong results quelled worries over weakening AI demand.

RTTNews | 2h 26phút trước

U.S. Dollar Falls Amid Fed Rate Cut Speculation

U.S. Dollar Falls Amid Fed Rate Cut Speculation

The U.S. dollar weakened against other major currencies in the Asian session on Thursday, after the Fed official left the door open for an interest rate cut next month.

RTTNews | 2h 30phút trước

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