Why Gibraltar Industries Stock Jumped Wednesday
Gibraltar Industries (NASDAQ: ROCK) stock had soared a solid 20% through 10:20 a.m. ET after crushing earnings forecasts in its Q4 report this morning.
Heading into the quarter, analysts forecast $0.91 per share in profit on $307.9 million in sales for the industrial conglomerate. Gibraltar actually earned $1.50, despite sales falling a bit short of expectations at $302.1 million.
A few words of introduction may be in order to this very diversified small-cap industrial company. Gibraltar describes itself as "a leading manufacturer and provider of products and services for the residential, renewable energy, agtech, and infrastructure markets."
Source Fool.com
