Genuine Parts Boosts FY23 Adj. EPS Outlook - Update

RTTNews | 770天前
Genuine Parts Boosts FY23 Adj. EPS Outlook - Update

(RTTNews) - While reporting financial results for the second quarter on Thursday, Genuine Parts Co. (GPC) raised its adjusted earnings guidance for the full-year 2023, while reaffirming annual total net sales growth.

For fiscal 2023, the company now projects both earnings and adjusted earnings in a range of $9.15 to $9.30 per share on total sales growth of 4 to 6 percent.

Previously, the company expected both earnings and adjusted earnings in the range of $8.95 to $9.10 per share on total sales growth of 4 to 6 percent.

On average, 13 analysts polled by Thomson Reuters expect the company to report earnings of $9.08 per share on revenues of $23.44 billion for the year. Analysts' estimates typically exclude special items.

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

read more
Genuine Parts Boosts FY23 Adj. EPS Outlook - Update

Genuine Parts Boosts FY23 Adj. EPS Outlook - Update

While reporting financial results for the third quarter on Thursday, Genuine Parts Co. (GPC) raised its adjusted earnings guidance for the full-year 2023, while reaffirming annual total net sales growth.
RTTNews | 679天前
European Shares Seen Mostly Lower Before US Inflation Data

European Shares Seen Mostly Lower Before US Inflation Data

European stocks may open broadly lower on Friday as the prospect of a peace agreement between Russia and Ukraine waned and focus shifted to a key U.S. inflation reading due later in the day that could provide additional clues on the Federal Reserve's rate outlook.
RTTNews | 47分钟前
Australian Market Swings To Modest Gains In Mid-market

Australian Market Swings To Modest Gains In Mid-market

The Australian stock market is swinging to modest gains in mid-market moves on Friday after opening in the red, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with gains in energy and technology stocks partially offset by weakness in mining and financial stocks.
RTTNews | 2小时51分钟前
Asian Markets Mixed Amid Caution Trades

Asian Markets Mixed Amid Caution Trades

Asian stock markets are mixed on Friday, following the broadly positive cues from Wall Street overnight, ahead of the release of key U.S. inflation data later in the day that could impact the outlook for interest rates. Traders also digested highly anticipated earnings news from Nvidia, with the AI darling and market leader reporting second-quarter results that largely exceeded expectations.
RTTNews | 3小时20分钟前
Thai Stock Market Tipped To Open In The Green

Thai Stock Market Tipped To Open In The Green

The Thai stock market on Thursday ended the two-day slide in which it had slipped almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it may open to the upside again on Friday.
RTTNews | 4小时26分钟前
Japanese Market Notably Lower

Japanese Market Notably Lower

Giving up some of the gains in the previous two sessions, the Japanese market is notably lower on Friday, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 42,700 level, with weakness across most sectors led by exporters and technology stocks.
RTTNews | 4小时44分钟前