07:35 AM EDT, 10/11/2024 (MT Newswires) -- A. O. Smith ( AOS ) reported preliminary Q3 earnings Friday of $0.82 per diluted share, down from $0.90 a year earlier.

Analysts polled by Capital IQ expect $0.96.

Preliminary revenue for the quarter ended Sept. 30 is $902.6 million, compared with $937.5 million a year earlier.

Analysts surveyed by Capital IQ expect $957.8 million.

The company lowered its full-year 2024 earnings guidance to $3.70 to $3.85 per diluted share from $3.95 to $4.10 previously, on net sales of $3.8 billion to $3.9 billion. Analysts polled by Capital IQ expect earnings of $4.08 per diluted share on net sales of $3.99 billion.

The company's share price dropped more than 8% during recent Friday premarket activity.

Price: 78.93, Change: -7.33, Percent Change: -8.50