Why Apogee Rocketed 25% Higher Today
Apogee(APOG) The Motley Fool·2024-10-04 19:03The architectural products and services company raised full-year EPS guidance even as revenue declined.Shares of architectural products and services company Apogee Enterprises (APOG 23.33%) rallied 25.5% on Friday, as of 2 p.m. ET.Apogee released second-quarter earnings today. Not only did the company beat expectations, but it also raised profit guidance for the rest of the year, even amid negative revenue growth. The news sent shares rallying to all-time highs.Management is enhancing profitabilityApogee ma ...