Array Technologies Sees FY22 Revenues Above Estimates

RTTNews | 1292 days ago
Stocktwits
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.

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

Tags: ARRY
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Asian Markets Weighed By AI Worries, Crude Oil Price Spike

Asian Markets Weighed By AI Worries, Crude Oil Price Spike

Renewed worries about the development of Artificial Intelligence and the call by AI leaders to slowdown the pace of AI development dampened sentiment across Asian markets. The spike in crude oil prices as well as worries about inflation also weighed on market sentiment ahead of interest rate decisions by the Federal Reserve and Bank of Japan.
RTTNews | 12 minutes ago
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RTTNews | 24 minutes ago
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RTTNews | 3h 51min ago
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RTTNews | 5h 20min ago
NZ Dollar Falls Amid RBNZ Dovish Signals

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The New Zealand dollar weakened against other major currencies in the Asian session on Monday, due to a dovish hike by the Reserve Bank of New Zealand (RBNZ).
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