Pool Corp Q1 Results Miss Estimates; Boosts FY24 Outlook

RTTNews | 245 hari yang lalu
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

read more
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 hari yang lalu
Asian Markets Mostly Higher

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Friday, following the mixed cues from Wall Street overnight, as traders continue to be optimistic about more interest rate cuts by the U.S. Fed next year. They also remain reluctant to make significant moves at the end of the holiday shortened week to start fresh next week. Asian markets ended mixed on Thursday.
RTTNews | 5j 3min yang lalu
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Friday, but adding to the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well above the 8,200 level, with gains across most sectors led by mining and technology stocks.
RTTNews | 5j 55min yang lalu