Why Apogee Enterprises Shares Are Gaining Today
Portfolio Pulse from Lekha Gupta
Apogee Enterprises reported Q1 FY24 sales growth of 1.4% Y/Y to $361.7 million, beating the consensus of $354.8 million. EPS rose 5.0% Y/Y to $1.05, above the consensus of $0.90. The company raised its FY24 EPS outlook to $4.15-$4.45 from $3.90-$4.25. APOG shares are trading higher by 7.04% at $46.85.
June 23, 2023 | 1:53 pm
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Apogee Enterprises reported better-than-expected Q1 sales and EPS, raising its FY24 outlook. Shares are up 7.04% at $46.85.
Apogee Enterprises reported strong Q1 results, with sales and EPS beating consensus estimates. The company also raised its FY24 outlook, which is a positive signal for investors. As a result, the stock price is up 7.04%, indicating a positive short-term impact.
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