Apogee up on upbeat annual profit forecast

Apogee Enterprises

12/04/2023 13:49

** Shares of architectural products provider Apogee
Enterprises Inc  APOG.O  up ~4% at $44.10 premarket
    ** Company forecasts full-year profit above Wall Street
estimates, as higher prices helped offset impact of inflation
    ** Expects annual EPS in range of $3.90 to $4.25, largely
above analysts' estimate of $3.91/share, per Refinitiv data
    ** APOG beats Q4 EPS estimates and reports revenue in line
with expectations
    ** Up to Tuesday's close, stock had fallen 4.6% so far in
2023

 (Reporting by Anne Florentyna Gnanaraja Sekar in Bengaluru)
 ((AnneFlorentyna.GnanarajaSekar@thomsonreuters.com;))