Commercial Building Products Q3: Apogee Shines, Insteel Falters

Commercial Building Products Sectors Q3 Earnings: Mixed Results and Share Price FluctuationsThe commercial building products sectors third quarter earnings report revealed a mixed bag of results. While revenues missed analysts consensus estimates by nearly one percent, and next quarters guidance was slightly below expectations, leading to an average seven percent decline in share prices, Apogee stood out as the best performer. Apogees revenues increased by 4.6 percent year over year, exceeding analysts expectations by over two percent. On the other hand, Insteel had the weakest third quarter, with revenues up 32.1 percent year over year but falling short of analysts expectations by nearly two percent, leading to a significant drop in their stock price.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.