AZZ Inc. (NYSE:AZZ) surged 5.48% during intraday trading on Thursday, following a pre-market rise of over 2%. The stock's significant upward movement reflects strong investor confidence after the company reported better-than-expected earnings for the third quarter.
The company posted adjusted earnings of $1.52 per share, surpassing market estimates of $1.47 per share. Additionally, its sales of $425.746 million exceeded expectations of $418.164 million. This earnings beat, coupled with a solid price trend across short, medium, and long terms, has driven the stock's rally.
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