Quanex's Stock Up on Q3 Earnings & Sales Beat, Margins Down Y/Y
NXQuanex Building Products (NX) ZACKS·2024-09-07 01:50

Quanex Building Products Corporation (NX) reported better-than-expected results for the third quarter of fiscal 2024 (ended July 31, 2024) wherein the adjusted earnings and net sales topped the Zacks Consensus Estimate. However, on a year-over-year basis, the bottom and top lines declined.The quarter’s results reflect a year-over-year decline due to demand softness across the building products industry due to inflated interest rates and low consumer confidence. This downtrend was also reflected in the reduc ...