logo
  

Harsco Slashes FY19 Earnings Outlook - Quick Facts

While reporting financial results for the third quarter on Tuesday, Harsco Corp. (HSC) slashed its earnings and adjusted outlook for the full-year 2019 and initiated guidance for the fourth quarter.

For fiscal 2019, the company now projects earnings in a range of $0.86 to $0.92 per share and adjusted earnings in a range of $1.36 to $1.42 per share on revenue growth in the mid-single digits. Previously, it expected earnings in the range of $0.89 to $1.02 per share and adjusted earnings in the range of $1.38 to $1.51 per share.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.43 per share on revenue decline of 1.90 percent to $1.69 billion for the year. Analysts' estimates typically exclude special items.

For the fourth quarter, the company expects earnings in a range of $0.25 to $0.31 per share and adjusted earnings in a range of $0.30 to $0.36 per share. Analysts expect the company to report earnings of $0.35 per share for the quarter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Omaha, Nebraska- based Greater Omaha Packing is recalling around 295,236 pounds of raw beef products citing the possible presence of E. coli O157:H7, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS said. The raw beef products intended for non-intact use were produced on July 13. Consumer goods giant Procter & Gamble Co. (PG) on Friday reported a four percent increase in profit for the fourth quarter from last year, driven by net sales growth across its operating segments, partially offset by a reduction in operating margin. Both revenue and core earnings per share for the quarter beat analysts' estimates. Looking ahead, the company also initiated outlook for fiscal 2022. While reporting financial results for the second quarter on Friday, Colgate-Palmolive Co. (CL) maintained its earnings, adjusted earnings and sales growth guidance for the full-year 2021. For fiscal 2021, the company now expects earnings per share to grow at the lower end of its low to mid-single-digit...
RELATED NEWS
Follow RTT