Why Apogee Enterprises (APOG) Stock Is Gaining In After-Hours Trading Today

NEW YORK (TheStreet) -- Shares of Apogee Enterprises Inc. (APOG) are higher by 4.37% to $38 in after-hours trading on Tuesday, after the company reported an increase in net earnings for the fiscal 2015 second quarter to $16.7 million, or 57 cents per diluted share, compared to $6.1 million, or 21 cents per diluted share for the same period last year.

Adjusted earnings per share increased 67% to 35 cents for the quarter.

Analysts polled by FactSet expected the company, which is involved in the design and development of value-added glass products, services, and systems, to post earnings of 34 cents per share for the most recent quarter.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Revenue for the fiscal 2015 second quarter was $231.9 million, a 30% increase from the $178.2 million reported for the fiscal 2014 second quarter.

Analysts were expecting Apogee to report revenue of $217.9 million for the latest quarter.

Separately, 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins."

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