ESCO Shares Soar on Strong Q3 Results

ESCOs shares surged by 2.5% today, closing at $215.42, following robust third-quarter results. The engineered products manufacturer reported a 18.1% increase in sales and a 58.9% rise in adjusted earnings, beating analyst predictions. ESCOs backlog also grew by 29% year-over-year, indicating high demand. The companys optimistic outlook for the upcoming fiscal year, with a 5.4% higher adjusted earnings guidance, further boosted investor confidence.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.