ATS Corp.'s stock soared 7.64% during intraday trading on Wednesday, following the release of its third-quarter fiscal 2026 financial results.
The Canadian factory automation company reported revenue of CA$760.7 million, surpassing the FactSet consensus estimate of CA$722.5 million. Adjusted earnings per share came in at CA$0.48, beating expectations of CA$0.44 and representing significant growth from CA$0.32 in the same period last year.
For the upcoming fourth quarter, ATS provided revenue guidance in the range of CA$710 million to CA$750 million, compared with analyst estimates of CA$741.6 million. The company attributed its strong performance to organic revenue growth across most of its markets, with the exception of transportation as expected.