Shares of Limbach Holdings Inc (NASDAQ: LMB) surged by 6.11% on Monday after the company reported better-than-expected financial results for the third quarter of 2024.
The construction services provider posted earnings per share of $0.62, surpassing the consensus analyst estimate of $0.52 by a significant margin of 19.23%. Additionally, Limbach Holdings reported quarterly revenue of $133.92 million, outperforming the analyst consensus estimate of $129.5 million by 3.41%.
The strong earnings beat and revenue growth compared to the same period last year demonstrate Limbach Holdings' ability to navigate the challenging economic environment and capitalize on growth opportunities. Investors responded positively to the company's robust financial performance, driving the stock price higher on Monday.
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