IES Holdings, Inc. (NASDAQ: IESC) saw its stock price plummet 10.45% during intraday trading on Friday. The sharp decline followed the company's release of its fiscal first-quarter 2026 financial results.
The electrical and technology systems provider reported adjusted earnings per share of $3.71 for the quarter, which fell short of the analyst consensus estimate of $3.82. Quarterly revenue came in at $871 million, also missing the estimated $876 million.
While the company highlighted year-over-year growth and strong performance in its Communications and Infrastructure Solutions segments driven by data center demand, the failure to meet market expectations on both earnings and revenue metrics appears to have triggered the significant sell-off.
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