QXO Shares Surge 20% Following Preliminary Third-Quarter Revenue Beat
Shares of QXO (NYSE: QXO) rose 20% to a two-month high during Monday trading in New York. The surge follows the company's announcement of preliminary third-quarter revenue that significantly outperformed Wall Street estimates. The building products distributor reported a massive 79% increase in revenue, reaching approximately $4.9 billion compared to $2.73 billion in the prior year period. This rapid growth is being driven primarily by recent strategic acquisitions aimed at expanding the company's market footprint.
Tickers: $QXO
Topics: quarterly earnings revenue growth stock price surge
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Part of the story AAON Shares Surge 22% Following Third-Quarter Earnings Beat and Raised Full-Year Guidance (29 articles)