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Griffon Boost FY24 Revenue Outlook - Update
(RTTNews) - While reporting financial results for the second quarter on Wednesday, Griffon Corp. (GFF) raised its revenue expectation for the full-year 2024 to $2.65 billion from the prior guidance of $2.6 billion.
On average, five analysts polled by Thomson Reuters expect the company to report revenues of $2.63 billion for the year.
Separately, the Board of Directors declared a regular quarterly cash dividend of $0.15 per share, payable on June 20, 2024 to shareholders of record as of the close of business on May 29, 2024.
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Griffon Guides FY24 Revenues In Line With Estimates - Update
While reporting financial results for the fourth quarter on Wednesday, Griffon Corp. (GFF) initiated its revenue guidance for the full-year 2024 of $2.6 billion.
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Fed Announces Widely Expected Decision To Cut Rates By Another Quarter Point
After cutting interest rates for the first time this year in September, the Federal Reserve on Wednesday announced its widely expected decision to lower rates by another quarter point. The Fed said it decided to lower the target range for the federal funds rate by 25 basis points to 3.75 percent to 4.0 percent in support of its dual goals.
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Investors also looked ahead to the ECB's policy announcement due tomorrow.
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U.S. Pending Home Sales Unexpectedly Unchanged In September
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FTSE 100 Advances As Miners, Pharma Stocks Rally
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