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Why Apogee Enterprises Stock Just Dropped 17%

TheMotleyFool

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Why Apogee Enterprises Stock Just Dropped 17%Photo, wide shot, wide-angle lens, Home appliance manufacturer, neutral atmosphere, photo by Joe Cornish: https://img.theapi.app/temp/fb3845ac-e3c6-43ef-86c1-b57ed8c272c4.png

Why Apogee Enterprises Stock Just Dropped 17%

Shares of architectural glass specialist Apogee Enterprises (NASDAQ: APOG) are down 16.5% as of 12:15 p.m. EST Thursday after the company reported disappointing numbers for its fiscal third quarter 2018.

Analysts had predicted that Apogee would earn $0.92 per diluted share on sales of more than $373 million in Q3. Instead, Apogee reported only an $0.82-per-share profit on sales of $356.5 million -- thus missing on both profits and revenue alike.

Image source: Getty Images.

Source: Fool.com