Investing.com - EMCOR reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
EMCOR announced earnings per share of $2.16 on revenue of $2.83. Analysts polled by Investing.com anticipated EPS of $2.08 on revenue of $2.71B.
EMCOR shares are down 11% from the beginning of the year , still down 0.48% from its 52 week high of $136.41 set on Thursday, October 27, 2022.
EMCOR shares gained 5.14% in intra-day trade the report.
EMCOR follows other major Industrials sector earnings this month
EMCOR's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $2.99 on revenue of $24.2B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on Tuesday with third quarter EPS of $1.21 on revenue of $17B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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