Superior Industries Guides FY24 Net Sales Below Estimates; Slips To Loss In Q4

RTTNews | 939 hari yang lalu
Superior Industries Guides FY24 Net Sales Below Estimates; Slips To Loss In Q4

(RTTNews) - While reporting financial results for the fourth quarter on Thursday, aluminum wheel supplier Superior Industries International, Inc. (SUP) initiated net sales guidance for the full-year 2024, below analysts' estimates.

For fiscal 2024, the company now project net sales in a range of $1.38 billion to $1.48 billion. On average, three analysts polled by Thomson Reuters expect the company to report net sales of $1.57 billion for the year.

For the fourth quarter, the company reported a net loss of $2.4 million or $0.44 per share, compared to net income of $16.5 million or $0.25 per share in the prior-year quarter.

Net sales for the quarter declined 23 percent to $308.6 million from $402.1 million in the same quarter last year. It was down 4 percent before giving effect to lower cost of aluminum and Deconsolidation of Subsidiary.

Analysts expected a loss of $0.17 per share on revenues of $359.57 million for the quarter.

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

baca selengkapnya
U.S. Factory Orders Inch Up In Line With Estimates In August

U.S. Factory Orders Inch Up In Line With Estimates In August

A report released by the Commerce Department on Friday showed a slight uptick in new orders for U.S. manufactured goods in the month of August. The Commerce Department said factory orders crept up by 0.1 percent in August after climbing by a downwardly revised 0.8 percent in July.
RTTNews | 1 jam 3 menit yang lalu
U.S. Employment Rises By 29,000 Jobs In September, Much Less Than Expected

U.S. Employment Rises By 29,000 Jobs In September, Much Less Than Expected

The Labor Department released a closely watched report on Friday showing employment in the U.S. increased by much less than expected in the month of September. The report said non-farm payroll employment rose by 29,000 jobs in September after jumping by a downwardly revised 133,000 jobs in August. Economists had expected employment to increase by 85,000 jobs.
RTTNews | 1 jam 30 menit yang lalu
Euro Slides Against Majors

Euro Slides Against Majors

The euro weakened against other major currencies in the European session on Friday.
RTTNews | 2 jam 5 menit yang lalu
Walmart Recalls Over 4.4 Mln Grill Brushes For Ingestion Risk

Walmart Recalls Over 4.4 Mln Grill Brushes For Ingestion Risk

Retail giant Walmart Inc. is recalling around 4.478 million units of metal wire bristle grill brushes, citing risk of ingestion and internal injuries, according to the U.S. Consumer Product safety Commission or CPSC. The recall involves certain Walmart Expert Grill brushes with black plastic or stainless-steel handles. Some brushes come with metal scraper attached.
RTTNews | 2 jam 9 menit yang lalu
Bay Street Headed For Positive Start

Bay Street Headed For Positive Start

Canadian stocks look headed for a positive start on Friday with concerns about inflation and interest rates easing a bit following a sharp drop in oil prices. Bond yields have dropped as well. U.S. non-farm payroll data for the month of September is likely to make an impact on investor sentiment.
RTTNews | 2 jam 27 menit yang lalu
Swiss Franc Rises Amid Global Bonds Sell Off

Swiss Franc Rises Amid Global Bonds Sell Off

The Swiss franc strengthened against other major currencies in the pre-European session on Friday, with rising government debt among the world's top nations and strong fiscal position of Switzerland.
RTTNews | 2 jam 42 menit yang lalu