Tennant Boosts FY24 Outlook - Update

RTTNews | 147日前
Tennant Boosts FY24 Outlook - Update

(RTTNews) - While reporting financial results for the second quarter on Thursday, Tennant Co. (TNC) raised its earnings, adjusted earnings, net sales and organic net sales growth for the full-year 2024, given the strong first-half results and expectations for the remainder of the year.

For fiscal 2024, Tennant now projects adjusted earnings in a range of $6.15 to $6.55 per share on net sales between $1.280 billion and $1.305 billion, with organic net sales growth of 2.5 to 4.5 percent.

Previously, the company expected adjusted earnings in a range of $6.05 to $6.65 per share on net sales between $1.270 billion and $1.295 billion, with organic net sales growth of 2.0 to 4.0 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $6.60 per share on revenues of $1.28 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
U.S. Construction Spending Unexpectedly Flat In November

U.S. Construction Spending Unexpectedly Flat In November

With an uptick by spending on private construction offset by a dip in spending on public construction, the Commerce Department released a report on Thursday showing U.S. construction spending was virtually unchanged in the month of November. The Commerce Department construction spending crept up by less than a tenth of a percent to an annual rate of $2.153 trillion in November.
RTTNews | 6時43分前
U.S. Weekly Jobless Claims Unexpectedly Dip To Eight-Month Low

U.S. Weekly Jobless Claims Unexpectedly Dip To Eight-Month Low

First-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended December 28th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 211,000, a decrease of 9,000 from the previous week's revised level of 220,000.
RTTNews | 7時34分前
UK Nationwide House Price Growth Tops Expectations

UK Nationwide House Price Growth Tops Expectations

UK house prices posted a faster-than-expected growth and ended 2024 on a strong footing, the Nationwide Building Society said Thursday. House prices grew 4.7 percent year-on-year in December, faster than the 3.7 percent increase in November and also stronger than economists' forecast of 3.8 percent gain.
RTTNews | 9時44分前
FTSE Up Marginally In Cautious Trade After Weak Manufacturing Data

FTSE Up Marginally In Cautious Trade After Weak Manufacturing Data

After opening slightly up and advancing further, UK stocks pared gains Thursday morning and are mostly subdued a little before noon as investors react to data showing a sharp contraction in the nation's manufacturing activity in the month of December.
RTTNews | 10時24分前
CAC Down 1 P.c. As Stocks Fall On Weak Manufacturing Data

CAC Down 1 P.c. As Stocks Fall On Weak Manufacturing Data

French stocks are down firmly in negative territory in late morning trades on Thursday, extending early losses after data showed a sharp decline in the nation's manufacturing activity in the month of December.
RTTNews | 11時7分前
Eurozone Manufacturing Sector Continues To Shrink

Eurozone Manufacturing Sector Continues To Shrink

The euro area manufacturing sector continued to shrink in December on accelerated contractions in both orders and output, final data compiled by S&P Global showed on Thursday. The HCOB manufacturing Purchasing Managers' Index fell slightly to a three-month low of 45.1 in December from 45.2 in November. The flash reading was 45.2.
RTTNews | 11時9分前