Stock Track | Apogee Enterprises Soars 6.7% After Beating Q2 Estimates, Raising FY Outlook

Stock Track10-04 19:02

Shares of Apogee Enterprises (NASDAQ: APOG) surged 6.68% in pre-market trading on Thursday, October 4th, after the glass products company reported better-than-expected fiscal second-quarter results and raised its full-year earnings guidance.

For the quarter ended August 31st, Apogee Enterprises reported adjusted earnings of $1.44 per diluted share, surpassing the consensus estimate of $1.23 per share. The company's net sales of $342.4 million also exceeded analysts' expectations of $335.6 million, though it represented a 3.18% decrease from the same period last year.

Buoyed by the strong quarterly performance, Apogee Enterprises raised its adjusted earnings per share guidance for fiscal 2025 to a range of $4.90 to $5.20, up from its previous forecast of $4.65 to $5.00. The company maintained its expectation for a net sales decline of 4% to 7% for the full year.

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