12:23 PM EDT, 05/01/2024 (MT Newswires) -- Powell Industries ( POWL ) shares soared 23.7% in recent Wednesday trading, a day after the company reported better-than-expected quarterly results.

The company reported fiscal Q2 earnings late Tuesday of $2.75 per diluted share, up from $0.70 a year earlier. Two analysts polled by Capital IQ expected $1.78.

Revenue for the quarter that ended March 31 was $255.1 million, compared with $171.4 million a year earlier. Two analysts surveyed by Capital IQ expected $201.5 million.

Price: 176.95, Change: +33.95, Percent Change: +23.74