Lennox International Stock Falls Despite Q1 Beat Improved Outlook
Lennox International (NYSE: LII) reported stronger-than-expected Q1 results, topping both earnings and revenue estimates driven by robust performances in its Residential and Refrigeration businesses. On top of that, the company raised its revenue growth outlook for Fiscal 2022. Despite the beat and raised revenue outlook, shares of the provider of climate control products for the heating, ventilation, air conditioning, and refrigeration markets declined 3.2% on April 25 to close at $238.94. The stock is extending those losses today, as it is currently down almost 5%. Q1 Earnings and Revenue Beat Adjusted earnings of $2.36 per share grew 4% year-over-year and massively beat analysts'' expectations of $1.98 per share.
Lennox International Stock Falls Despite Q1 Beat Improved Outlook
Lennox International (NYSE: LII) reported stronger-than-expected Q1 results, topping both earnings and revenue estimates driven by robust performances in its Residential and Refrigeration businesses. On top of that, the company raised its revenue growth outlook for Fiscal 2022. Despite the beat and raised revenue outlook, shares of the provider of climate control products for the heating, ventilation, air conditioning, and refrigeration markets declined 3.2% on April 25 to close at $238.94. The stock is extending those losses today, as it is currently down almost 5%. Q1 Earnings and Revenue Beat Adjusted earnings of $2.36 per share grew 4% year-over-year and massively beat analysts'' expectations of $1.98 per share.