DX Enterprises gains on upbeat annual outlook

DXP Enterprises

20/03/2023 15:16

** Shares of DX Enterprises  DXPE.O  rise as much as 4% to
$26.46, marking their biggest intraday percentage gain since
Dec. 16
    ** Says FY22 earnings per share is expected to be in range
of $1.92 to $2.07, up over two-fold from a year earlier
    ** Says FY22 sales is expected between $1.40 bln and $1.46
bln, an increase of 26% to 31% from a year earlier
    ** FY22 core income is expected to be in the range of $110
mln to $120 mln, an increase of 63% to 78% from fiscal 2021
    ** YTD, stock is down 7.6% through last close

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))