Brady Corp. stock rises after earnings and outlook beat expectations

France Nouvelles Nouvelles

Brady Corp. stock rises after earnings and outlook beat expectations
France Dernières Nouvelles,France Actualités

Brady Corp. stock was up 6.3% in premarket trades Tuesday after the Milwaukee-based industrial company’s adjusted fourth-quarter earnings of $1.04 a share...

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Brady Corp. BRC, +0.71% stock was up 6.3% in premarket trades Tuesday after the Milwaukee-based industrial company’s adjusted fourth-quarter earnings of $1.04 a share beat the FactSet consensus target of 93 cents a share.

The company, which sells identification and workplace safety products, said it expects adjusted 2024 earnings of $3.85 to $4.10 a share, ahead of the analyst forecast of $3.84 a share. Brady Corp. has also OK’d a $100 million stock buyback program. Prior to Tuesday’s gains, Brady Corp. stock has risen 7.9% in 2023, compared to a 34.1% gain by the Nasdaq COMP, -0.02%.

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