RPM Reports Fiscal 2021 First-Quarter Results
- Nasdaq outshines Wall St peers on tech boost, earnings glee
- Tesla touts acceleration of new models, but Q1 results fall short of estimates
- Boeing reports first revenue drop in 7 quarters as deliveries decline
- Oil prices steady after rallying on US stock decline, business data
- Yen on the brink, but Tesla pulls back
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Hasbro (HAS) brand strength sees earnings top expectations
- China acquired top-end Nvidia AI chips despite recent US ban- Reuters
- Wolfe Research Downgrades Warner Brothers Discovery (WBD) to Underperform, 'out of concern that an incipient advertising downturn put guidance at risk'
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
- Midday movers: Tesla, Li Auto and CNH Industrial fall; Salesforce rises
RPM International (RPM) PT Raised to $109 at BMO Capital
October 8, 2020 9:43 AM EDTBMO Capital analyst John McNulty raised the price target on RPM International (NYSE: RPM) to $109.00 (from $104.00) while maintaining an Outperform rating.
The analyst commented, "RPM demonstrated the power of strong demand/revenue when leveraged across its leaner cost structure as... More
RPM International (RPM) Tops Q1 EPS by 25c, Revenue Beats, Offers Outlook
October 7, 2020 6:46 AM EDTRPM International (NYSE: RPM) reported Q1 EPS of $1.44, $0.25 better than the analyst estimate of $1.19. Revenue for the quarter came in at $1.61 billion versus the consensus estimate of $1.49 billion.
Business Outlook
As we look ahead to the second quarter of fiscal 2021, we expect to generate consolidated sales growth in the low- to mid-single digits with strong leverage to the bottom line for more than 20% adjusted EBIT growth, which are rates that are more in line with recent quarters prior to the outbreak of Covid-19. Our MAP... More