Shares of BWX Technologies Inc (NYSE: BWXT), a leading supplier of nuclear components and services, surged 5.54% on Monday after the company reported better-than-expected third-quarter results and raised its full-year revenue guidance.
BWX Technologies reported a 14% year-over-year increase in Q3 revenue to $672 million, exceeding analysts' estimates of $659 million. The company's net income grew by 15% to $69.5 million, while earnings per share (EPS) of $0.76 narrowly missed expectations of $0.77.
The company's solid performance was driven by strong demand across its various business segments, including Nuclear Operations, Nuclear Power, and Nuclear Services. BWX Technologies' management cited robust execution and operational efficiencies as key factors contributing to the revenue growth and improved profitability.
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