AZZ Inc falls to over two-year low on Q2 net loss

AZZ

11/10/2022 17:43

** Shares of metal coating services provider AZZ Inc  AZZ.N 
fall as much as 22% to over two-year low of $30.42
    ** Stock last down ~13%, on course for worst day since July
2020
    ** Company posts Q2 net loss of $58.6 mln, or $1.91, from
$19 mln, or 76 cents per share, a year earlier 
    ** Q2 sales rose to $406.7 mln from $131.4 mln a year
earlier 
    ** Stock has fallen ~40% this year
 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))