Pool Corp Q1 Results Miss Estimates; Boosts FY24 Outlook

RTTNews | 245 days ago
Stocktwits
Pool Corp Q1 Results Miss Estimates; Boosts FY24 Outlook

(RTTNews) - Pool Corp. (POOL) on Thursday reported that net income for the first quarter declined to $78.89 million or $2.04 per share from $101.70 million or $2.58 per share in the prior-year quarter.

Excluding the impact from ASU 2016-09 in both periods, adjusted earnings for the quarter were $1.85 per share, compared to $2.46 per share for the year-ago quarter.

Net sales for the quarter decreased 7 percent to $1.12 billion from $1.21 billion in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.91 per share on revenues of $1.13 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2024, Pool now projects earnings in a range of $13.19 to $14.19 per share, up from the prior outlook range of $13.10 to $14.10 per share. The Street expects earnings of $13.27 per share for the year.

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

Tags: POOL
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Domino's, Pool Corp. Climb After Buffett's Berkshire Buys Stake

Domino's, Pool Corp. Climb After Buffett's Berkshire Buys Stake

Shares of Domino's Pizza Inc. and swimming pool supplier Pool Corp. gained significantly in the extended trading in New York on Thursday after billionaire investor Warren Buffett's Berkshire Hathaway Inc. took stake in them. In the pre-market activity, Domino's shares were moving up 8 percent and Pool shares were up 7 percent.
RTTNews | 41 days ago
Sensex, Nifty Set For Muted Start

Sensex, Nifty Set For Muted Start

Indian shares are seen opening on a muted note Friday following a lackluster session on Wall Street overnight and mixed cues from other Asian markets this morning.
RTTNews | 5h 11min ago
Japanese Market Significantly Higher

Japanese Market Significantly Higher

Adding to the gains in the previous two sessions, the Japanese stock market is significantly higher on Friday, following the mixed cues from Wall Street overnight. The benchmark Nikkei 225 is moving well above the 39,900 level, with gains across most sectors led by index heavyweights and technology stocks as traders reacted positively to a slew of domestic economic data.
RTTNews | 5h 36min ago
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