Pool Corp Q1 Results Miss Estimates; Boosts FY24 Outlook

RTTNews | 279 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 | 76 days ago
European Economic News Preview: ECB Monetary Policy Decision Due

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The monetary policy announcement from the European Central Bank and preliminary GDP data from the major euro area economies are due on Thursday, headlining a hectic day for the European economic news. At 1.30 am ET, France's statistical office INSEE publishes flash GDP and consumer spending data. The economy is expected to remain flat sequentially in the fourth quarter after rising 0.4 percent in
RTTNews | 5h 3min ago
European Shares Seen Broadly Higher At Open

European Shares Seen Broadly Higher At Open

European stocks are likely to open broadly higher on Thursday, though U.K. markets may open on a subdued note as oil extended overnight losses amid a lack of clarity on U.S. President Trump's tariff policies, especially on Canada and Mexico, the two largest suppliers of crude oil to United States.
RTTNews | 5h 4min ago
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