Pool Corp jumps on Q3 beat and raised sales growth outlook
+14.36% to $197.21 from $172.44
What moved POOL
- Net sales rose 4% to $1.5 billion in the third quarter, though operating income fell 3% to $172.2 million.
- Pool Corp raised its full-year net-sales growth forecast to 3%-4% from a previous ‘low-single-digit’ outlook, while keeping its adjusted diluted EPS guidance range of $10.87 to $11.17.
- Gross margin is still expected to run 30 to 50 basis points below last year for the full year, consistent with prior guidance.
- Management said sales so far in October were up about 2%, in line with its fourth-quarter outlook.
Sources: Benzinga · Investing.com