Professional Tools Stocks Post Strong Q2 Results

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

Professional tools and equipment stocks reported a very strong second quarter, with revenues beating analysts' consensus estimates by 1.8% and next quarter's revenue guidance coming in 14.3% above expectations. ESAB reported revenues of $807.6 million, up 12.9% year on year, exceeding expectations by 2.6%, but its stock fell 6.9% since reporting. Kennametal posted the fastest revenue growth among peers at $736.6 million, up 42.6% year on year, yet its shares dropped 14.7%. Lincoln Electric reported revenues of $1.22 billion, up 12% year on year, and its stock rose 11.2%.

Impact on stocks 5

Industrials▼ · 2 stocks
ESAB Corp
ESAB
▼ NegativeCapitalrelevance

ESAB beat revenue estimates but stock fell 6.9% since reporting.

Fusion Energy▼ · 1 stocks
Kennametal Inc
KMT
▼ NegativeCapitalrelevance

Kennametal posted fastest revenue growth but shares dropped 14.7%.

Robotics & Physical AI▲ · 1 stocks
Biotech & Genomic Medicine▲ · 1 stocks
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