Stock Track | Floor & Decor Holdings Soars 5.26% in Pre-Market on Better-Than-Expected Q4 Earnings
Stock Track
Yesterday
Floor & Decor Holdings Inc. (FND) saw its stock price surge 5.26% during pre-market trading on Friday, following the release of its quarterly financial results.
The home improvement retailer reported fourth-quarter earnings that exceeded analyst expectations, with adjusted earnings per share of $0.36 compared to the consensus estimate of $0.35. Revenue for the quarter rose 2% year-over-year to $1.13 billion, meeting market forecasts.
The positive earnings surprise appears to have driven investor sentiment, leading to the significant pre-market gain as traders reacted to the company's stronger-than-anticipated quarterly performance.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.