Apogee Enterprises Stock Jumps 8% After Q1 Beat & Raised Guidance
Apogee Enterprises (NASDAQ:APOG) share surged more than 8% intra-day today after the company reported its Q1 earnings results, with EPS of $1.05 coming in better than the Street estimate of $0.91.
Revenue increased 1.4% year-over-year to $361.71 million, beating the Street estimate of $354.53 million, primarily driven by significant growth in Architectural Glass, although there was a decrease in net sales for Architectural Services.
In his remarks, CEO Silberhorn expressed his satisfaction with the ongoing implementation of their strategy, which has led to enhanced financial performance. He expressed confidence in their solid market position, the progress made in operational execution, and their emphasis on providing unique products and services.
The company raised its fiscal 2024 outlook, expecting EPS in the range of $4.15-$4.45, compared to the Street estimate of $4.03.
| Symbol | Price | %chg |
|---|---|---|
| 6367.T | 21900 | 0 |
| ARNA.JK | 705 | 0 |
| 002380.KS | 329500 | 0 |
| MLIA.JK | 366 | 0 |
Apogee Enterprises Stock Jumps 8% After Q1 Beat & Raised Guidance
Apogee Enterprises (NASDAQ:APOG) share surged more than 8% intra-day today after the company reported its Q1 earnings results, with EPS of $1.05 coming in better than the Street estimate of $0.91.
Revenue increased 1.4% year-over-year to $361.71 million, beating the Street estimate of $354.53 million, primarily driven by significant growth in Architectural Glass, although there was a decrease in net sales for Architectural Services.
In his remarks, CEO Silberhorn expressed his satisfaction with the ongoing implementation of their strategy, which has led to enhanced financial performance. He expressed confidence in their solid market position, the progress made in operational execution, and their emphasis on providing unique products and services.
The company raised its fiscal 2024 outlook, expecting EPS in the range of $4.15-$4.45, compared to the Street estimate of $4.03.
