Apogee gains on upbeat forecast, higher buybacks

Apogee Enterprises

23/06/2022 13:25

** Shares of architectural products firm Apogee Enterprises
Inc  APOG.O  gain 4.8% to $39.70 premarket; set for best day in
about 5 months, if gains hold
    ** APOG raises full-year adj. EPS forecast to $3.50-$3.90
from $2.90-$3.30; analysts on average expect $3.08/shr, as per
Refinitiv data  urn:newsml:reuters.com:*:nBw5GFrhBa
    ** Co's Q1 rev. and EPS beat market consensus; co had posted
loss in the previous quarter  urn:newsml:reuters.com:*:nL3N2W52DS
    ** Raises share repurchase authorization by 1 mln shares to
total of about 1.25 mln shares  urn:newsml:reuters.com:*:nBw3HCgjJa
    ** Co had 22.20 mln outstanding shares representing market
cap of $840.58 mln as of Wednesday - Refinitiv
    ** APOG maintains qtrly cash dividend of 22 cents/shr
    ** Stock has fallen about 21% this year through Wednesday's
close

 (Reporting by Ruhi Soni in Bengaluru)
 ((Ruhi.Soni@thomsonreuters.com
Twitter: https://twitter.com/ruhithere))