Why Apogee Enterprises Stock Shattered 16% Today
Glassmaker Apogee Enterprises (NASDAQ: APOG) stock is getting hit hard in Tuesday-morning trading, down 16.5% through 11:11 a.m. ET despite reporting better-than-expected sales and earnings this morning.
Heading into the fiscal Q3 2025 report, analysts expected Apogee to earn adjusted profits of $1.11 per share on $332.2 million in sales. In fact, Apogee says it earned $1.19 per share on sales of $341.3 million.
Part of the reason investors are probably disappointed by Apogee's numbers is the fact that, despite "beating" on sales, the company's revenues grew only 0.5% year over year -- and that only because the company acquired substrates company UW Interco, adding its revenue stream to Apogee's own.
Source Fool.com
