Why Hubbell (HUBB) Stock Is Up Today

Hubbell's shares surged nearly 4% after reporting impressive Q3 earnings, beating analysts' expectations on profit and raising its full-year profit outlook. Despite a slight revenue miss, investors were reassured, leading to a significant jump in share price. The market's optimistic reaction reflects steady demand for Hubbell's products and potential growth from grid modernization and automation. With a strong start to the year and a history of positive outlooks, Hubbell's shares have more than tripled in value over the past five years.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.