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Construction Partners Q2 Results Top Estimates; Boosts FY24 Outlook

RTTNews | 17 days ago

Construction Partners Q2 Results Top Estimates; Boosts FY24 Outlook

(RTTNews) - Construction Partners, Inc. (ROAD) reported Friday a net loss for the second quarter that narrowed to $1.12 million or $0.02 per share from $5.48 million or $0.11 per share in the prior-year quarter.

On average, eight analysts polled by Thomson Reuters expected the company to report a loss of $0.13 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter increased 14 percent to $371.43 million from $324.85 million in the same quarter last year. Analysts expected $366.05 million for the quarter.

Looking ahead to fiscal 2024, the company now expects net income in a range of $71 million to $75 million on revenue between $1.81 billion and $1.85 billion. The Street is looking for earnings of $1.32 per share on revenues of $1.80 billion for the year.

Previously, the company expected net income in a range of $63 million to $71 million on revenue between $1.75 billion and $1.825 billion.

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

Tags: ROAD

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Pound Strengthens As BoE Rate Cut Expectations Recede

Pound Strengthens As BoE Rate Cut Expectations Recede

The pound firmed against its major counterparts in the New York session on Monday, amid fading expectations of a rate cut from the Bank of England in June.

RTTNews | 4h 4min ago

Bay Street Likely To Open Higher As Commodities Advance

Bay Street Likely To Open Higher As Commodities Advance

Canadian shares may open higher Monday morning as energy and materials stocks are likely to find support on firm commodity prices. However, with the U.S. markets closed today for Memorial Day, activity on Bay Street is likely to remain a bit lackluster.

RTTNews | 8h 26min ago

German Ifo Business Sentiment Steadies In May

German Ifo Business Sentiment Steadies In May

German business confidence stagnated in May as the deterioration in the current assessment was offset by the improvement in expectations, survey results from the ifo Institute showed on Monday. The business climate index registered 89.3 in May, unchanged from April. The score was forecast to improve to 90.3 from April's initially estimated value of 89.4.

RTTNews | 8h 29min ago

Sensex, Nifty End On Flat Note After Hitting Fresh Peaks

Sensex, Nifty End On Flat Note After Hitting Fresh Peaks

Indian shares ended a volatile session little changed on Monday as investors looked ahead to the exit poll and the general election results for direction.

RTTNews | 10h 28min ago

European Shares Hold Steady In Lackluster Trade Ahead Of Inflation Data

European Shares Hold Steady In Lackluster Trade Ahead Of Inflation Data

European stocks were seeing marginal gains on Monday ahead of key inflation data from the United States and Europe, due later this week.

RTTNews | 11h 34min ago

CAC 40 Gains Ahead Of Key Inflation Data

CAC 40 Gains Ahead Of Key Inflation Data

French stocks traded slightly higher on Monday ahead of key inflation data from the United States and Europe, due later this week.

RTTNews | 11h 47min ago

DAX Edges Higher In Cautious Trade

DAX Edges Higher In Cautious Trade

German stocks were seeing modest gains in cautious trade on Monday as investors awaited the release of key U.S. and European inflation readings this week for additional clues on the rate outlook.

RTTNews | 11h 56min ago

NZ Dollar Advances Against Most Majors

NZ Dollar Advances Against Most Majors

The New Zealand dollar strengthened against most major currencies in the European session on Monday.

RTTNews | 12h 4min ago

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