26.07.2024 12:43:02
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Barnes Group Cuts Full-year Adjusted Earnings Guidance; Stock Down In Pre-market - Update
(RTTNews) - (Adds Outlook, Share movement)
For the full year, Barnes Group Inc. (B) has lowered its adjusted earnings guidance.
The company now expects earnings excluding one-time items of $1.55 to $1.75 versus the previous outlook of $1.62 to $1.82.
Analysts, on average, expect the firm to earn $1.72 per share, for the year.
Annual net loss per share is expected to be in the range of $0.36 to $0.16, for the year.
Full-year sales growth is projected to be in the range of 10 percent to 12 percent.
Barnes was trading down 8.57 percent at $38.50 in the pre-market trade on the New York Stock Exchange.
Q2 Results:
Below are the earnings highlights for Barnes Group Inc (B):
Earnings: -$46.821 million in Q2 vs. $17.352 million in the same period last year. EPS: -$0.91 in Q2 vs. $0.34 in the same period last year. Excluding items, Barnes Group Inc reported adjusted earnings of $0.37 per share for the period.
Analysts projected $0.4 per share Revenue: $382.232 million in Q2 vs. $338.984 million in the same period last year.
![](https://images.finanzen.at/images/unsortiert/wertpapierdepot-absichern-aktienchart-boerse-750493204-260.jpg)
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