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Griffon Shares Slip 1.69% as Major U.S. Indexes Rise
The stock fell while the S&P 500, Dow and Nasdaq advanced, as Zacks estimates pointed to lower revenue for Griffon's upcoming quarter.
Key takeaways
- Griffon shares fell 1.69% to $90.59 in the latest session.
- Zacks estimates project quarterly revenue of $480.94 million, down 27.37% year over year.
Griffon shares fell 1.69% to $90.59 in the latest session, while major U.S. indexes rose. The S&P 500 gained 0.6%, the Dow added 0.83% and the Nasdaq advanced 0.64%.
For the company's upcoming earnings release, Zacks consensus estimates project earnings of $1.60 per share, up 3.90% from the same quarter a year earlier. Revenue is estimated at $480.94 million, a 27.37% decline.
For the full fiscal year, Zacks estimates earnings of $5.41 per share and revenue of $1.84 billion, down 4.25% and 27.05%, respectively, from the prior year.
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This article was produced with the help of AI technology. Source: Yahoo Finance
