Barnes Group Q2 Adjusted Earnings Fall, Revenue Increase; Lowers Fiscal 2024 Adjusted Earnings Guidance-August 2024-www.financetom.com

Barnes Group Q2 Adjusted Earnings Fall, Revenue Increase; Lowers Fiscal 2024 Adjusted Earnings Guidance

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Barnes Group Q2 Adjusted Earnings Fall, Revenue Increase; Lowers Fiscal 2024 Adjusted Earnings Guidance

Jul 26, 2024 4:21 AM

06:57 AM EDT, 07/26/2024 (MT Newswires) -- Barnes Group ( B ) reported Q2 adjusted earnings Friday of $0.37 per diluted share, down from $0.58 a year earlier.

Four analysts polled by Capital IQ expected $0.40.

Revenue for the quarter ended June 30 was $382.2 million compared with $339 million a year earlier.

Four analysts surveyed by Capital IQ expected $395.9 million.

The company trimmed its full-year 2024 adjusted earnings to $1.55 to $1.75 from $1.62 to $1.82 per share previously. Analysts surveyed by Capital IQ expect $1.73.

Price: 38.50, Change: -3.61, Percent Change: -8.57

Previous page： Everquote Insider Sold Shares Worth $11,054,074, According to a Recent SEC Filing Next page： Manulife's first-quarter profit rises on Asia unit strength

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Everquote Insider Sold Shares Worth $11,054,074, According to a Recent SEC Filing

May 8, 2024

05:02 PM EDT, 05/08/2024 (MT Newswires) -- David B Blundin, 10% Owner, Director, on May 06, 2024, sold 453,884 shares in Everquote ( EVER ) for $11,054,074. Following the Form 4 filing with the SEC, Blundin has control over a total of 2,185,791 shares of the company, with 267,528 shares held directly and 1,918,263 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1640428/000095017024055617/xslF345X03/ownership.xml Price:...

Manulife's first-quarter profit rises on Asia unit strength

May 8, 2024

May 8 (Reuters) - Canada's Manulife Financial Corp ( MFC ) reported a jump in first-quarter profit on Wednesday, driven by robust performance in its Asia unit. The country's largest insurer posted core earnings of C$1.75 billion ($1.28 billion), or 94 Canadian cents per share, in the three months ended March 31, compared with C$1.53 billion, or 79 Canadian cents...

Arm Holdings Fiscal Q4 Non-GAAP Earnings, Revenue Rise; Fiscal Q1, 2025 Outlook Set

May 8, 2024

04:37 PM EDT, 05/08/2024 (MT Newswires) -- Arm Holdings ( ARM ) reported fiscal Q4 non-GAAP earnings late Wednesday of $0.36 per diluted share, up from $0.02 a year earlier. Analysts surveyed by Capital IQ expected $0.30. Revenue for the quarter ended March 31 was $928 million, up from $633 million a year earlier. Analysts surveyed by Capital IQ expected...

US could ban Chinese connected vehicles or impose restrictions, US commerce secretary says

May 8, 2024

WASHINGTON (Reuters) - U.S. Commerce Secretary Gina Raimondo said on Wednesday the Biden administration could take an extreme action and ban Chinese connected vehicles or opt to impose restrictions but must first review extensive public comments. The department in late February said it was opening an investigation into whether Chinese vehicle imports pose national security risks and accepted public comments...