Key Points
July 26 (Reuters) - Allegion (ALLE.N) raised its annual profit forecast on Wednesday after price increases and solid demand for its electric security devices helped it beat quarterly earnings estimates...
The company, whose products range from security doors and automated entrance solutions to electronic locks, now expects full-year adjusted profit per share of $6.70 to $6.80, compared with $6.55 to $6.75 per share previously expected...
"We expect end markets will be stable with continued strong demand for our electronic solutions," CEO John Stone said.. Allegion has in recent months benefited from a jump in demand from business clients in the healthcare and retail industries, which has helped offset weakness in orders from consumers worried about the turbulent economy...
You might be interested in
Dell forecasts 3-4% compounded annual revenue growth over long term
05, Oct, 23Dell Technologies (DELL.N) said on Thursday it expects compounded annual revenue growth of 3-4% over the long term and boosted its share buyback plan by $5 billion.
Zebra Technologies beats quarterly profit expectations, sees soft demand
31, Oct, 23Barcode scanner maker Zebra Technologies Corp (ZBRA.O) beat third-quarter profit and revenue estimates on Tuesday but forecast a bigger-than-expected drop in the fourth-quarter net sales due to slowing tech spending in a tough economy.
India's Coforge Q3 profit rises on deal wins, maintains FY revenue forecast
22, Jan, 24BENGALURU (Reuters) - Indian IT services company Coforge reported a 4.3% increase in third-quarter profit, aided by deal wins in a challenging macroeconomic environment, and reiterated its revenue
PepsiCo lifts profit forecast again as price hikes fail to dent demand
10, Oct, 23International Business News: PepsiCo Inc on Tuesday raised its annual profit forecast for a third time this year, as the company banks on the multiple price increases it had under.
Palantir surges as AI to power growth after 'most significant' profit
02, Nov, 23Palantir (PLTR.N) signaled on Thursday its artificial intelligence offerings would aid growth in the last three months of 2023, after delivering a fourth straight quarterly profit on growing demand for its data analytics services from corporates.
F5 results beat estimates as client spending on cloud applications rise
25, Jul, 23F5 (FFIV.O) beat third-quarter revenue and profit estimates on Monday, benefiting from higher customer spending on its cloud-related technology, sending its shares up nearly 9% after the bell.
Paycom forecasts weak fourth-quarter revenue; shares tank
01, Nov, 23Payroll processor Paycom Software (PAYC.N) on Tuesday forecast fourth-quarter revenue that was below market estimates hit by sluggish demand for payroll solutions and human resource management amid an uncertain economy, sending the company's shares down 28% in extended trading.
TI forecasts downbeat second quarter on growing demand weakness
25, Apr, 23Texas Instruments forecast second-quarter revenue and profit below Wall Street estimates on Tuesday, signaling demand weakness is spreading to most of the analog chipmaker's end-markets.
IndusInd Bank share price hits 52-week high on strong Q1 results; Should you buy? Here’s what brokerages say
19, Jul, 23IndusInd Bank reported a standalone net profit of ₹2,123.6 crore in Q1FY24, witnessing a growth of 32.5% from ₹1,603.29 crore in the same quarter last year. Net interest income (NII) increased 18% to ₹5,862.5 crore from ₹4,125.3 crore, YoY.
Lam Research forecasts strong quarterly revenue on AI boom
27, Jul, 23Chip-making tools supplier Lam Research (LRCX.O) forecast quarterly revenue above Wall Street estimates, as semiconductor makers scramble to meet a surge in demand fueled by rising adoption of artificial intelligence (AI) technology.