Apogee Enterprises (NASDAQ: APOG) stock plummeted 5.31% in Wednesday's pre-market trading, following the company's third-quarter earnings report that revealed continued pressure from soft demand in the nonresidential construction market, impacting its framing and glass segments.
While the company's Services segment delivered its third consecutive quarter of double-digit net sales growth and an adjusted operating margin of 8.6%, the overall financial performance was weighed down by the challenges faced in the framing and glass businesses.
Highlights from the earnings report include:
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