Apogee Enterprises Boosts FY23 Outlook As Q1 Results Top View

RTTNews | 1048天前
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.

read more
Canadian Stocks Marginally Down In Cautious Trade

Canadian Stocks Marginally Down In Cautious Trade

Canadian stocks are turning in a mixed performance on Tuesday with investors largely refraining from making significant moves amid lingering concerns about tariffs and some weak earnings updates.
RTTNews | 2小时18分钟前
Swiss Market Ends Flat After Choppy Session

Swiss Market Ends Flat After Choppy Session

The Switzerland market closed slightly weak after a choppy ride on Tuesday as investors mostly stayed cautious, looking for fresh triggers. The Federal Reserve and the Bank of England are scheduled to announce their rate decisions on Wednesday and Thursday, respectively.
RTTNews | 2小时49分钟前
European Stocks Close Broadly Lower Ahead Of Key Policy Announcements

European Stocks Close Broadly Lower Ahead Of Key Policy Announcements

European stocks closed broadly lower on Tuesday with investors largely staying cautious, following political and geopolitical developments, digesting economic and earnings updates, and awaiting the monetary policy announcements from the Federal Reserve and the Bank of England, due later in the week.
RTTNews | 3小时5分钟前
UK Car Sales Drop 10.4% In April As Higher Taxes Hurt - SMMT

UK Car Sales Drop 10.4% In April As Higher Taxes Hurt - SMMT

New car registrations in the U.K. decreased in April mainly due to customers making purchases early to avoid higher taxes that came into effect at the start of the month, though electric car sales continued to increase, monthly data from the Society of Motor Manufacturers and Traders showed on Tuesday.
RTTNews | 5小时3分钟前
U.S. Trade Deficit Spikes To Record High In March As Import Surge

U.S. Trade Deficit Spikes To Record High In March As Import Surge

The U.S. trade deficit spiked by much more than expected in the month of March, according to a report released by the Commerce Department on Tuesday. The report said the trade deficit soared to a record high $140.5 billion in March from a revised $123.2 billion in February.
RTTNews | 5小时49分钟前
Eurozone Private Sector Growth Eases On Weaker Demand

Eurozone Private Sector Growth Eases On Weaker Demand

Euro area private sector growth weakened in April as soft demand conditions limited the speed of expansion and weighed on sentiment, final results of the purchasing managers' survey by S&P Global showed on Tuesday. The HCOB final composite output index fell to 50.4 in April from 50.9 in March, but the reading suggested growth for the fourth straight month.
RTTNews | 6小时53分钟前
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares may be weighed down on Tuesday by U.S. President Donald Trump's announcement on Monday that he is likely to announce pharmaceutical tariffs soon. The Federal Reserve's monetary policy announcement, due on Wednesday, is also in focus. However, higher crude oil and metal prices could trigger some buying in energy and materials space.
RTTNews | 7小时29分钟前