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Preformed Line Products (PLPC) Beat Expectations in the Second Quarter, Sending Its Stock Price Soaring 28%
Preformed Line Products (PLPC), a manufacturer of wire products, reported its second-quarter results, with earnings per share of $4.49, far exceeding analysts’ expectations of $2.58; sales reached $212.7 million, also higher than the expected $193 million. Driven by this positive news, the company’s stock price rose 28%. Second-quarter sales rose 25% year-over-year, setting a new quarterly record, with sales in the U.S. market increasing 32% year-over-year.
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Source：Yahoo财经 · Source Link
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