RPM International stock falls premarket as soft guidance offsets earnings beat

RpM International Inc.’s stock RPM slid 5% in premarket trade Thursday after the paint and building materials company’s below-consensus guidance offset a fiscal third-quarter earnings beat. Medina, Ohio-based RPM posted net income of $26.9 million, or 21 cents a share, for the quarter to Feb. 28, down from $33.0 million, or 25 cents a share, in the year-earlier period. Adjusted per-share earnings came to 37 cents, ahead of the 31 cent FactSet consensus. Sales rose 5.7% to $1.516 billion from $1.

9 million, or 21 cents a share, for the quarter to Feb. 28, down from $33.0 million, or 25 cents a share, in the year-earlier period. Adjusted per-share earnings came to 37 cents, ahead of the 31 cent FactSet consensus. Sales rose 5.7% to $1.516 billion from $1.434 billion a year ago, also ahead of the $1.470 billion FactSet consensus. Sales were boosted by higher spending on infrastructure and reshoring projects, CEO Frank C. Sullivan said in a statement.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

5 things to know before the stock market opens ThursdayHere are the most important news items that investors need to start their trading day. Buy AMC Hmmm.... Senator Gianaris viewpoints are contributing to what’s wrong in New York.
Source: CNBC - 🏆 12. / 72 Read more »