01:31 PM EDT, 05/07/2024 (MT Newswires) -- (Updates with the latest stock price movement in the headline and first paragraph.)

Atkore's ( ATKR ) shares were down 11% in recent Tuesday trading after the company reported fiscal Q2 adjusted net income of $4.08 per diluted share, down from $4.87 a year earlier.

Analysts polled by Capital IQ expected $3.65.

Net sales for the quarter ended March 29 were $792.9 million, compared with $895.9 million a year earlier.

Analysts surveyed by Capital IQ expected $808.2 million.

The company lowered its full-year 2024 adjusted net income guidance to $16 to $17 per diluted share, from $16.50 to $17.50 previously. Analysts polled by Capital IQ expect $17.01.

Price: 157.00, Change: -19.40, Percent Change: -11.00