XPEL Inc: Rises as Q3 earnings, revenue beat

XPEL

11/11/2020 13:19

** Protective films and coatings provider's shares  XPEL.O 
up 5.2% at $32.50 premarket 
    ** Co posts Q3 earnings $0.24/share, above estimate of
$0.17/share, according to Refinitiv IBES  urn:newsml:reuters.com:*:nBwc3CStRa
    ** Reports Q3 revenue of $46.12 mln, above estimate of
$41.39 mln
    ** Q3 auto sales was relatively strong in most of the
regions in which XPEL operates and there seems to be an
increasing trend toward more vehicle ownership, which creates
opportunity for co's business - CEO Ryan Pape
    ** Up to Monday's close, XPEL shares up 110.79% YTD

 (Reporting by Lasya Priya M in Bengaluru)
 ((LasyaPriya.M@thomsonreuters.com;))