Q4 Earnings: Mixed Results for Engineered Components Sector
from The Daily News Now! Business
NNBR, Arrow Electronics, Mayville Engineering, Applied Industrial, and RBC Bearings reported Q4 earnings, showing mixed results. NNBR missed revenue estimates but raised full-year outlook, leading to a 58% stock surge. Arrow Electronics crushed estimates, driving a 28% share increase. Mayville Engineering met expectations but missed on guidance, resulting in a flat stock. Applied Industrial and RBC Bearings saw revenue growth but missed estimates, with shares up 3% and 13.5% respectively. Despite the mixed results, the sector ended the year on a positive note. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/1f8633e89fc33e3b
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