Apogee Trades Higher On Q1 Earnings Beat


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Apogee Enterprises (NASDAQ:APOG) shares are trading higher after the company reported better-than-expected earnings and sales for the first quarter.

Apogee Enterprises reported quarterly earnings of 58 cents per share, which beat the analyst consensus estimate of 57 cents. This is a 6.45% decrease over earnings of 62 cents per share from the same period last year.

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

The company reported quarterly sales of $355.365 million, which beat the analyst consensus estimate of $327.39 million. This is a 5.60% increase over sales of $336.531 million the same period last year.

Apogee Enterprises also issued FY2020 guidance above analyst estimates.

Apogee Enterprises shares traded higher by 12% at $44.16 Thursday afternoon.

Related Links:

Accenture Ticks Lower Despite Q3 Earnings Beat

Peak Resorts Trades Higher On Positive Q4 Earnings


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Posted In: EarningsNews