Powell Industries tanks after Q3 revenue miss
04/08/2026 09:45
BUZZ-Powell Industries tanks after Q3 revenue miss ** Shares of electrical equipment supplier Powell Industries POWL.O fall over 14% to $188.15 in premarket trading
** POWL on Monday, after market close, posted Q3 revenue of $312 million, up 9% yr/yr, but missed Wall Street estimates of $315.2 million
** Q3 net income increased 8% yr/yr, driven by higher revenues and strong gross margins
** Quarterly gross profit came in at $95 million
** Four of six brokerages rate the stock "buy"; their median PT is $320 - LSEG-compiled data
** Up to last day's close, the stock is up 106.8% YTD
(Reporting by Sudeshna Ghoshal in Bengaluru)