Earnings Reaction Shockwaves: AZZ Rises, e2open Falls
- October 10th, 2023
- 583 views
In the latest earnings reports, AZZ Inc. (NYSE: AZZ) has outperformed expectations, reporting second-quarter fiscal 2024 earnings of $1.27 per share. This surpasses the consensus EPS estimate of $1.08. The company's quarterly sales reached $398.50 million, slightly ahead of analysts' expectations of $396.91 million in revenue.
$AZZ was trading at $47.30 in after-hours, reflecting a gain of $1.40 (+3.05%).
In contrast, e2open Parent Holdings, Inc. (NYSE: ETWO) reported second-quarter fiscal 2024 earnings of $0.04 per share, falling short of the analyst consensus estimate of $0.05. The company's quarterly revenue stands at $157.70 million, missing the analysts' expected $159.66 million in revenue.
Furthermore, e2open is adjusting its full-year fiscal 2024 revenue guidance, lowering it to the range of $625 million to $635 million from the previously provided range of $655 million to $670 million. This is in contrast to the consensus estimate of $658.74 million in revenue for the period.
In after-hours, $ETWO was trading at $3.90, down $0.49 (-11.16%).
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
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