US Stocks Move: Carlisle rises 4.69% pre-market as Q1 revenue declines but profitability improves; full-year guidance reiterated.
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Glonghui, April 24th|A certain exchange rose 4.69% before the market to $380.75. According to the news, the exchange announced an adjusted earnings per share (EPS) of 3.63 for the first quarter, compared to 3.61 (an increase of 1%), far exceeding the market consensus of 3.34. This quarter was characterized by a higher-than-expected profit margin, a 4% revenue decrease to 1.05 billion (below the market consensus by 10 million). Management reiterated the annual guidance, projecting low single-digit full-year revenue growth (expected to be about 3%) and an adjusted EBITDA margin expansion of approximately 50 basis points.
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