05:31 AM EDT, 06/07/2024 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.)

Quanex Building Products ( NX ) shares gained 6% in premarket activity Friday after the company reported overnight earnings grew more than forecast during Q2 and reiterated its guidance for full-year revenue.

The company reported Q2 adjusted earnings late Thursday of $0.66 per diluted share, flat from a year earlier.

Three analysts polled by Capital IQ expected $0.55.

Net sales for the quarter ended April 30 were $266.2 million, down from $273.5 million a year earlier.

Three analysts surveyed by Capital IQ expected $267 million.

The company said it still expects fiscal 2024 net sales of about $1.1 billion.

Three analysts polled by Capital IQ expect $1.1 billion.

Price: 32.30, Change: +1.83, Percent Change: +6.01