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<p class="has-drop-cap">Apogee Enterprises, Inc. (APOG) reported a remarkable <a aria-label="third quarter in fiscal 2024 (opens in a new tab)" href="https://www.apog.com/investor-relations" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">third quarter in fiscal 2024</a>, with a substantial 15% growth in diluted earnings per share (EPS), reaching $1.23. Despite a challenging economic backdrop, the company demonstrated resilience and operational efficiency. The revenue, however, experienced a slight downturn, tallying at $339.7 million. </p> 
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<h3 id="eps-higher-than-expected-but-revenue-falls-short-for-apogee">EPS Higher than Expected But Revenue Falls Short for Apogee</h3> 
<p>In comparison to the anticipated figures for the quarter, Apogee’s performance tells a tale of mixed outcomes. While the company’s <a href="https://tokenist.com/investing/how-to-invest-in-stocks/" rel="dofollow" class="deco-link">EPS</a> of $1.23 outstripped the forecast of $1.10, it was a different story for revenue. <br><br>The reported revenue of $339.7 million fell short of the projected $360.3 million. This deviation from expected revenue highlights the complex interplay of market forces affecting Apogee, including demand fluctuations and economic influences.</p> 
<p>Apogee projects a positive trajectory, setting an ambitious yet achievable goal for the upcoming fiscal year. The company has raised its full-year adjusted diluted EPS outlook to a range of $4.55 to $4.70. This upward revision reflects confidence in Apogee’s strategic initiatives and operational efficiencies. The focus remains steadfast on delivering high-quality, differentiated offerings and capitalizing on emerging market opportunities.</p> 
<h3 id="stock-up-1-99-after-earnings-report">Stock Up 1.99% After Earnings Report</h3> 
<p>The stock price of Apogee Enterprises, Inc has demonstrated a dynamic response following the third quarter fiscal 2024 results. The stock closed at $51.79, representing a decrease of 1.63%. However, it showed a positive movement in the <a href="https://tokenist.com/investing/gap-trading/" rel="dofollow" class="deco-link">pre-market hours</a>, increasing by 1.99% to $52.82. This fluctuation indicates a mixed reaction from investors, balancing the better-than-expected earnings against the slight revenue shortfall. The market capitalization of Apogee stands at approximately $1.143 billion, with a PE ratio of 11.38.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p>The post <a rel="nofollow" href="https://tokenist.com/apogee-enterprises-surges-in-eps-to-1-23-q3-revenue-miss/">Apogee Enterprises Surges in EPS to $1.23, Q3 Revenue Miss</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Apogee Enterprises Surges in EPS to $1.23, Q3 Revenue Miss

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