Investing.com - Powell Industries reported on Monday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Powell Industries announced earnings per share of $0.73 on revenue of $163M. Analysts polled by Investing.com anticipated EPS of $0.19 on revenue of $141M.
Powell Industries shares are down 8% from the beginning of the year and are trading at $27.00 , down-from-52-week-high.
Powell Industries follows other major Industrials sector earnings this month
Powell Industries's report follows an earnings beat by Deere&Company on Wednesday, November 23, 2022, who reported EPS of $7.44 on revenue of $14.35B, compared to forecasts EPS of $7.12 on revenue of $13.48B.
Siemens ADR had beat expectations on Thursday, November 17, 2022 with fourth quarter EPS of $1.74 on revenue of $21.25B, compared to forecast for EPS of $1.65 on revenue of $19.4B.
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