Array Technologies Sees FY22 Revenues Above Estimates

RTTNews | 724 days ago
Array Technologies Sees FY22 Revenues Above Estimates

(RTTNews) - While reporting preliminary unaudited financial results for the full-year 2023 on Thursday, Array Technologies (ARRY) now sees a loss in a range of $0.27 to $0.28 per share and adjusted earnings in a range of $0.34 to $0.37 per share on revenues between $1.62 billion and $1.64 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.35 per share on revenues of $1.57 billion for the year. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2023, the company now projects adjusted earnings in a range of $0.75 to $0.85 per share on revenues between $1.80 billion and $1.95 billion. The Street is looking for earnings of $0.95 per share on revenues of $1.90 billion for the year.

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Frozen Shakes Sold To Care Facilities Recalled After Listeria Outbreak, Death

Frozen Shakes Sold To Care Facilities Recalled After Listeria Outbreak, Death

Frozen supplemental shakes under Lyons ReadyCare and Sysco Imperial brands sold to hospitals and long-term care facilities have been recalled following a multistate outbreak of Listeria monocytogenes, including deaths. Sysco Corp., Lyons Magnus LLC, and their third-party manufacturer Prairie Farms Dairy, Inc. have called back 4 oz. Lyons ReadyCare and Sysco Imperial Frozen Supplemental Shakes.
RTTNews | 5h 11min ago
European Economic News Preview: German Ifo Business Confidence Data Due

European Economic News Preview: German Ifo Business Confidence Data Due

Business sentiment from Germany and final inflation from the euro area are the top economic news due on Monday. At 2.00 am ET, capacity utilization figures are due from Turkey. At 4.00 am ET, the ifo Institute is scheduled to issue Germany's business confidence survey results.
RTTNews | 5h 20min ago
European Shares Seen Higher At Open

European Shares Seen Higher At Open

European stocks are likely to open on a firm note Monday as U.S. stock futures bounced back after a week that saw the major indexes slump on growth and inflation concerns.
RTTNews | 5h 52min ago
Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Monday, following the broadly negative cues from Wall Street on Friday, as traders react to a report showing consumer sentiment in the U.S. deteriorated by much more than expected in February amid a surge by year-ahead inflation expectations. Asian markets closed mixed on Friday.
RTTNews | 8h 5min ago
Australian Market Turns Green In Mid-market Trades

Australian Market Turns Green In Mid-market Trades

The Australian stock market is moving in to the green in mid-market trading on Monday after opening deep in the red, snapping a five-session losing streak, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving a tad above the 8,300.00 level, with strong gains in financial stocks nearly offset by weakness in gold miners and technology stocks.
RTTNews | 8h 31min ago
Lower Open Anticipated For Thai Stock Market

Lower Open Anticipated For Thai Stock Market

The Thai stock market inched higher again on Friday, one day after ending the two-day winning streak in which it had risen just over 5 points or 0.4 percent. The Stock Exchange of Thailand now sits just above the 1,245-point plateau although it's likely to open in the red on Monday.
RTTNews | 9h 31min ago