US21874C1027 - Common Stock
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Core & Main (NYSE:CNM) and the best and worst performers in the infrastructure distributors industry.
Analysts cut their price targets on the company in the wake of its disappointing quarter.
Weaker-than-expected results took some of the momentum out of this big winner.
The industrial stock sank amid mixed earnings results.
CNM stock results show that Core & Main missed analyst estimates for earnings per share but beat on revenue for the first quarter of 2024.