Atkore down on missing Q4 sales estimate

Atkore

17/11/2023 14:12

** Shares of electrical products maker Atkore  ATKR.N  down
6.09% at $127 premarket
    ** Co reports Q4 sales of $869.89 mln vs. estimate of $920.4
mln, according to LSEG data
    ** Posts Q4 adj. diluted EPS of $4.21, down from $5.52 in
the prior year period
    ** ATKR expects Q1 adj. EPS to be in the range of
$3.50-$3.70
    ** Four of five brokerages rate the stock "buy", one "hold";
their median PT is $185 - LSEG data
    ** Up to last close, stock had risen 19.23% this year

 (Reporting by Juby Babu in Bengaluru)
 ((Juby.Babu@thomsonreuters.com;))