Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Atkore Shares Are Soaring Today

TheMotleyFool

0 0

Electrical components and infrastructure equipment manufacturer Atkore (NYSE: ATKR) posted quarterly results that came in well ahead of expectations, and boosted guidance for the year. The stock is charging higher as a result, up as much as 18% in Tuesday trading.

Atkore earned $5.39 per share on revenue of $982.6 million in its fiscal second quarter, easily surpassing analyst expectations for $3.75 per share in earnings on sales of $800 million. Net sales were up 53.6% year over year, with Atkore's electrical products group growing revenue by 55.9% and its safety and infrastructure division up 46.9%.

Image source: Getty Images.

Source Fool.com

Like: 0

ATKR

Share