Infrastructure Capital Advisors’ InfraCap Small Cap Income ETF (ARCA: SCAP) gapped up about 1% higher on Monday, the second consecutive northernly gap after closing about 0.9% higher on Friday.
Herc Holdings' Q1 FY24 reported a 9% sales surge to $804 million, surpassing analyst projections. Boosted by a $65 million increase in equipment rental revenue, driven by both favorable pricing and volume growth, the company demonstrates resilience and strategic foresight in navigating market dynamics.
Shares of IPG Photonics Corporation (NASDAQ: IPGP) fell sharply during Tuesday’s session after the company reported mixed fourth-quarter financial results and issued soft first-quarter guidance.
Outlook
The Company is announcing its full year 2024 equipment rental revenue growth, adjusted EBITDA, and gross and net rental capital expenditures guidance ranges presented below, excluding Cinelease studio