08:05 AM EDT, 09/04/2024 (MT Newswires) -- Core & Main ( CNM ) reported fiscal Q2 earnings Wednesday of $0.61 per diluted share, down from $0.66 a year earlier.

Analysts polled by Capital IQ expected $0.74.

Net sales for the fiscal quarter ended July 28 were $1.96 billion, up from $1.86 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.06 billion.

For full-year fiscal 2024, the company said it is lowering its net sales outlook to $7.3 billion to $7.4 billion, from the previous $7.5 billion to $7.6 billion. Analysts polled by Capital IQ expect $7.49 billion.

Shares of the public infrastructure company were down nearly 13% in Wednesday's premarket activity.

Price: 40.76, Change: -6.04, Percent Change: -12.91