Commercial Building Products Stocks Beat Q2 Estimates

Earnings
โดย Yahoo Finance·US·Read original
Summary · why it matters

Commercial building products stocks reported a strong second quarter, with revenues beating analyst consensus by 1.9% on average. Johnson Controls led with revenues of $6.61 billion, up 9.3% year over year, exceeding expectations by 2.5%, and its stock rose 1.3% to $142.05. Apogee delivered the biggest estimate beat, with revenues of $342.7 million, down 1.1% but outperforming by 3.4%, yet its stock fell 5.9% to $39.97. Janus was the weakest, missing revenue estimates by 2.5% and cutting full-year guidance, with shares down 5.2% to $5.09. AZZ and Insteel also beat expectations, with AZZ raising full-year guidance and Insteel posting the fastest revenue growth at 9.9%.

Impact on stocks 6

Industrials± Mixed · 4 stocks
AZZ Incorporated
AZZ
▲ PositiveCapitalrelevance

AZZ beat revenue expectations and raised full-year guidance.

Smart City / Autonomous Infrastructure▲ · 1 stocks
Energy Transition & Power Demand▲ · 1 stocks

Off-coverage companies 1

Apogee Minerals Ltd.Private± Mixed
relevance

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