Quanex (NX) Tops Q2 EPS by 8c, Guides Higher for FY
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Quanex Corporation (NYSE: NX) reports Q2 EPS of $0.84, 8 cents better than estimates. Revenues were $519.4 million vs. $487.66 million consensus.
For the fiscal third quarter, Quanex expects to report diluted earnings per share from continuing operations within a range of $0.90 to $0.98, which includes an estimated $0.03 per share LIFO charge. (Consensus is $1.01)
Guidance for the year is $3.35 to $3.60, and includes an estimated $0.10 per share LIFO charge. Current guidance was raised toward the higher end of the previous range of $3.10 to $3.60 due in part to an improving automotive outlook at Vehicular Products and new programs at Engineered Products. (Consensus is $3.44)
For the fiscal third quarter, Quanex expects to report diluted earnings per share from continuing operations within a range of $0.90 to $0.98, which includes an estimated $0.03 per share LIFO charge. (Consensus is $1.01)
Guidance for the year is $3.35 to $3.60, and includes an estimated $0.10 per share LIFO charge. Current guidance was raised toward the higher end of the previous range of $3.10 to $3.60 due in part to an improving automotive outlook at Vehicular Products and new programs at Engineered Products. (Consensus is $3.44)
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