Crude Oil Jumps Over 3%; Core & Main Posts Upbeat Q2 Earnings
U.S. stocks fell Wednesday as energy rose and discretionary slumped; Signet and Opus surged, while ServiceTitan plunged. Oil jumped 3.6%.
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On Wednesday, Core & Main (NYSE:CNM) discussed second-quarter financial results during its earnings call. The full transcript is provided below. This content is powered by Benzinga APIs. For comprehensive financial
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U.S. stocks fell Wednesday as energy rose and discretionary slumped; Signet and Opus surged, while ServiceTitan plunged. Oil jumped 3.6%.
Core & Main (CNM) reported quarterly earnings of $0.94 per share, beating consensus estimates of $0.93, with revenues of $2.15 billion slightly exceeding expectations. However, the stock has underperformed the market by 15.2% year-to-date and carries a Zacks Rank #3 (Hold) rating. Meanwhile, Apogee Enterprises (APOG) is expected to report a significant 39.8% year-over-year earnings decline in its upcoming quarterly results.
Core & Main (NYSE:CNM) reported quarterly earnings of $0.94 per share which beat the analyst consensus estimate of $0.92 by 2.17 percent. This is a 8.05 percent increase over earnings of $0.87 per share from the