S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%
A daily business newspaper · Founded in 2026

Money Talk

Finance and markets: business, quotes, gold, energy and releases.

DMC Global Shares Rally Following Third-Quarter Profit Swing

DMC Global shares jumped 14.5% to $6.13 in after-hours trading Tuesday, fueled by a sharp recovery in the company’s third-quarter financial performance. The manufacturer reported a return to profitability, marking a significant turnaround from the losses recorded during the same period last year as overall sales climbed to $172.8 million.

DMC Global Shares Rally Following Third-Quarter Profit Swing

The company posted earnings of 59 cents per share for the quarter, a stark contrast to the 10-cent loss per share reported in the year-ago period. This growth was underpinned by a rise in total sales from $151.5 million to $172.8 million, signaling improved operational momentum despite a modest 0.3% dip during the regular trading session.

Looking ahead, management projects fourth-quarter sales between $154 million and $164 million. This guidance accounts for typical seasonal cooling within the Arcadia building products division. While the forecast remains cautious regarding market variables, the company noted that its current projections do not factor in potential escalations in international supply chain disruptions stemming from Middle East hostilities.

Share article
TelegramXFacebook

When reusing this material a link to Money Talk is required.

Comments (0)

Leave a comment

No comments yet. Be the first!