financetom
Business
financetom
/
Business
/
Construction Partners Q2 Loss Narrows, Revenue Rises; Raises FY2024 Sales Forecast
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Construction Partners Q2 Loss Narrows, Revenue Rises; Raises FY2024 Sales Forecast
May 10, 2024 5:06 AM

07:57 AM EDT, 05/10/2024 (MT Newswires) -- Construction Partners ( ROAD ) reported fiscal Q2 loss Friday of $0.02 per share, narrower than a loss of $0.11 per share a year earlier.

Analysts polled by Capital IQ expected loss of $0.01 per share.

Revenue for the quarter ended March 31 was $ 371.42 million, up from $324.85 million a year earlier.

Analysts surveyed by Capital IQ expected $368.41 million.

The company raises its full-year 2024 revenue forecast in the range of $1.81 billion to $1.85 billion from $1.75 billion to $1.83 billion earlier. Analysts polled by Capital IQ expect $1.80 billion.

Price: 57.00, Change: +3.19, Percent Change: +5.93

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.
Sign up to post
Sort by
Show More Comments
Related Articles >
Unum Group Board Approves $1 Billion Share Repurchase Program
Unum Group Board Approves $1 Billion Share Repurchase Program
Feb 18, 2025
05:46 PM EST, 02/18/2025 (MT Newswires) -- Unum Group ( UNM ) said late Tuesday that its board approved a $1 billion common stock repurchase program, effective April 1. The board also authorized the termination of the company's current buyback program as of March 31. ...
Saronic Technologies valued at $4 billion after $600 million fundraising
Saronic Technologies valued at $4 billion after $600 million fundraising
Feb 18, 2025
Feb 18 (Reuters) - Saronic Technologies said on Tuesday it has closed a $600 million Series C funding round, led by investor Elad Gil, which valued the autonomous shipbuilding company at $4 billion. The company said it would use the funds to build a new shipyard, called Port Alpha, to expand its autonomous surface vessel fleet into medium and large-class...
Mondelez CEO says Kennedy agenda product re-formulations will mean price hikes
Mondelez CEO says Kennedy agenda product re-formulations will mean price hikes
Feb 18, 2025
ORLANDO, Feb 18 (Reuters) - Mondelez ( MDLZ ) CEO Dirk van de Put on Tuesday said the Oreo maker will face new cost pressures from the Make America Healthy Again movement spearheaded by U.S. health secretary Robert F. Kennedy Jr and that Americans would see price hikes. Make America Healthy Again could require that Mondelez ( MDLZ ) reformulate...
Morningstar Insider Sold Shares Worth $1,054,767, According to a Recent SEC Filing
Morningstar Insider Sold Shares Worth $1,054,767, According to a Recent SEC Filing
Feb 18, 2025
05:47 PM EST, 02/18/2025 (MT Newswires) -- Joseph D Mansueto, 10% Owner, Director, Executive Chairman, on February 14, 2025, sold 3,207 shares in Morningstar ( MORN ) for $1,054,767. Following the Form 4 filing with the SEC, Mansueto has control over a total of 15,104,785 common shares of the company, with 10,118,679 shares held directly and 4,986,106 controlled indirectly. SEC...
Copyright 2023-2026 - www.financetom.com All Rights Reserved