Why Apogee Enterprises (APOG) Is Dropping After Hours

NEW YORK (TheStreet) -- Apogee Enterprises (APOG) is falling in extended trading after posting earnings below expectations in the three months to February.

After the bell, shares had taken off 6.7% to $30.30.

The glass fixtures designer reported fourth-quarter net income of 27 cents a share. Analysts surveyed by Thomson Reuters forecast 29 cents a share.

However, revenue climbed 19.3% year on year to $214.41 million, beating expectations by $5.2 million.

For the fiscal year ending February 2015, management guides for revenue growth between 15% and 20% and earnings of $1.35 to $1.50 a share. Analysts had anticipated net income of $1.55 a share. Revenue was in line with consensus.

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TheStreet Ratings team rates APOGEE ENTERPRISES INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate APOGEE ENTERPRISES INC (APOG) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins."

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