Ferguson Plc.'s stock plunged 7.98% in the pre-market session on Tuesday, following the company's disappointing fiscal first-quarter 2025 earnings report.
The British plumbing and heating products distributor reported adjusted earnings per share of $2.45, missing analyst estimates of $2.62 by 6.49%. Revenue for the quarter came in at $7.772 billion, narrowly missing expectations of $7.831 billion.
The weaker-than-expected results weighed on investor sentiment, sending Ferguson's shares sharply lower ahead of the market open. The lackluster performance highlights the headwinds facing the company amid a challenging macroeconomic environment.
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