Update: Griffon Shares Drop After Fiscal Q3 Results Miss Estimates-March 2024-www.financetom.com

Update: Griffon Shares Drop After Fiscal Q3 Results Miss Estimates

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Update: Griffon Shares Drop After Fiscal Q3 Results Miss Estimates

Aug 7, 2024 10:13 AM

12:47 PM EDT, 08/07/2024 (MT Newswires) -- (Updates with the latest stock movement in the headline and first paragraph.)

Griffon (GFF) shares were down over 17% in recent Wednesday trading after the company posted lower-than-expected Q3 results.

The firm reported fiscal Q3 adjusted earnings of $1.24 per diluted share, down from $1.29 a year earlier.

Analysts polled by Capital IQ expected $1.31.

Revenue for the quarter ended June 30 was $647.8 million, compared with $683.4 million a year earlier.

Analysts surveyed by Capital IQ expected $688.9 million.

Price: 57.18, Change: -12.39, Percent Change: -17.80

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