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.
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Source: Fool.com
