Why Atkore Stock Jumped Higher Today
Shares of Atkore (NYSE: ATKR), which manufactures and sells electrical, safety, and infrastructure products, were rising today after the company reported better-than-expected results in the fourth quarter.
As a result, Atkore's stock was up 14.6% as of 10:51 a.m. ET.
Investors were happy to see the company report non-GAAP (adjusted) earnings per share of $5.52 -- up about 26% from the year-ago quarter -- and easily outpacing Wall Street's consensus estimate of $5.08.
Source Fool.com
