NEW YORK (TheStreet) -- Apogee Enterprises Inc. (APOG) released its fiscal 2015 third quarter earnings results this afternoon, and reported an increase in earnings per share and revenue, although EPS for the quarter was just shy of analysts' expectations.
For the latest quarter, the designer and developer of value-added glass solutions for enclosing commercial buildings and framing art, said its earnings grew by 42% to 47 cents per share, over the fiscal 2014 third quarter.
Analysts were expecting earnings of 48 cents per share for the quarter.
Apogee said its revenue for the most recent third quarter increased by 23% to $244.4 million, over the prior year's third quarter. Analysts expected $238.94 million for the quarter.
Shares of Apogee closed higher by 4.91% to $44.03 on Wednesday afternoon.
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 robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins."