Griffon Guides FY24 Revenues In Line With Estimates - Update
(RTTNews) - While reporting financial results for the fourth quarter on Wednesday, Griffon Corp. (GFF) initiated its revenue guidance for the full-year 2024 of $2.6 billion.
On average, six analysts polled by Thomson Reuters expect the company to report revenues of $2.60 billion for the year.
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Griffon Boost FY24 Revenue Outlook - Update
While reporting financial results for the second quarter on Wednesday, Griffon Corp. (GFF) raised its revenue expectation for the full-year 2024 to $2.65 billion from the prior guidance of $2.6 billion.
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Canadian stocks may open with a positive bias on Tuesday as oil shed early gains and slipped into negative territory, and gold prices edged higher.
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The major European markets gained some ground in positive territory on Tuesday with investors picking up select stocks even as oil prices remained at elevated levels despite coming off early highs and bond yields continued to hover around multi-year highs.
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UK Mortgage Approvals Fall To 32-Month Low
UK mortgage approvals declined to a 32-month low in August amid higher borrowing costs, while consumer credit reached a record high, data from the Bank of England showed Tuesday. Net mortgage approvals for house purchases, an indicator of future borrowing, fell unexpectedly to 54,918 in August from 55,928 in the previous month.
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Mixed sentiment prevailed in Asian markets on Tuesday tracking the negative sentiment in Wall Street on Monday. Market mood was impacted by worries about a broad slowdown in AI development. Markets also digested the rate hike by Reserve Bank of Australia. Renewed diplomatic push to end the Middle East crisis, the decline in crude oil prices and the easing in bond yields capped losses.
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Indian shares closed weak on Tuesday, extending recent losses, amid concerns about inflation due to elevated oil prices. Sustained selling by foreign portfolio investors weighed as well on stocks.
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FTSE 100 Modestly Higher As Miners, Pharma Stocks Move Up
The U.K. stock market's benchmark index FTSE 100 climbed higher on Tuesday, led by gains in mining and pharmaceuticals sectors even as the mood remained somewhat cautious amid a lack of progress in U.S.-Iran negotiations to reopen the Strait of Hormuz.
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