Shares of Core & Main Inc. slumped 2.0% in premarket trading Wednesday, after the provider of water, storm drainage and fire protection products and services...
Shares of Core & Main Inc. CNM, -4.16% slumped 2.0% in premarket trading Wednesday, after the provider of water, storm drainage and fire protection products and services to contractors and municipalities missed fiscal second-quarter profit expectations and trimmed its full-year sales growth outlook, citing “pockets of weakness” in new projects.
86 billion, in line with expectations, as acquisitions and higher selling prices were offset by lower volume. For fiscal 2023, the company lowered its sales guidance range to $6.6 billion to $6.8 billion from $6.6 billion to $6.9 billion, compared with the current FactSet consensus of $6.7 billion.
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