12:33 PM EST, 12/03/2024 (MT Newswires) -- (Updates to add recent stock move in the headline and first paragraph.)

Core & Main ( CNM ) shares were up nearly 15% in recent Tuesday trading after the company posted better-than-expected fiscal Q3 results and provided an upbeat outlook for full-year sales.

The company reported fiscal Q3 earnings Tuesday of $0.69 per share, up from $0.65 a year earlier. Four analysts polled by FactSet expected $0.64.

Net sales for the quarter ended Oct. 27 were $2.04 billion, up from $1.83 billion a year earlier. Analysts surveyed by FactSet expected $1.99 billion.

For fiscal 2024, the company said it now expects net sales in the range of $7.35 billion to $7.45 billion, up from its prior outlook of $7.3 billion to $7.4 billion. Analysts polled by FactSet expect $7.33 billion.

Price: 55.69, Change: +7.40, Percent Change: +15.32