AZZ Inc falls after Q1 results miss expectations

AZZ

07/07/2023 22:22

** Shares of metals coatings provider AZZ Inc  AZZ.N  fall
2.6% to $40.82 in extended trading
    ** Co reports Q1 adj. EPS of $1.14/shr, missing avg.
analysts' est. of $1.16/shr - Refinitiv
    ** This is co's first profit miss after two straight beats
    ** Quarterly revenue of $390.9 mln also fell short of
analysts' est. Of $396.7 mln
    ** AZZ reaffirms its FY24 revenue guidance of $1.40 bln to
$1.55 bln; analysts expect $1.52 bln
    ** Up to Friday's close, stock had risen 4.2% YTD

 (Reporting by Arshreet Singh)
 ((Twitter: https://twitter.com/Arshreets))