Apogee Enterprises down 18% after lower-than-expected earnings
Apogee Enterprises, Inc. (Nasdaq:APOG) shares dropped more than 18% Wednesday after the Minneapolis-based company’s Tuesday announcement of lower-than-expected first-quarter earnings. Shares were trading at $18.15 after the glass-making company reported first-quarter net income of $0.36 per share compared with $0.34 per share a year ago. Wall Street had been expecting earnings of $0.43 a share for the quarter ending May 30.
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