Pool Corp Shares Rise 10% Following Third Quarter Earnings Beat
Pool Corp (POOL) shares surged as much as 10.6% on Thursday following the release of third-quarter results that exceeded analyst expectations. The company reported sales of $1.50 billion, a 3.7% increase year-over-year, and earnings per diluted share of $3.40, surpassing the consensus estimates of $3.36 for earnings and $1.48 billion for revenue. The top-line growth was primarily driven by price increases implemented to offset rising freight costs. Despite the quarterly beat, the company's long-term stock performance remains challenged, having declined 37% over the past year. Management has reaffirmed its full-year revenue and earnings guidance as previously communicated in earlier fiscal updates.
Tickers: $POOL
Topics: earnings report financial guidance revenue growth stock price movement
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Part of the story Pool Corp Shares Rise 10% Following Third Quarter Earnings Beat (6 articles)