What Happened:
Shares of building systems company Limbach (NASDAQ:LMB) jumped 9.1% in the morning session after the company reported second-quarter earnings results. Limbach blew past analysts' EPS expectations this quarter. Its full-year EBITDA guidance also exceeded Wall Street's estimates. On the other hand, its revenue unfortunately missed. Zooming out, we think this was still a decent quarter.
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What is the market telling us:
Limbach's shares are quite volatile and over the last year have had 35 moves greater than 5%. In context of that, today's move is indicating the market considers this news meaningful but not something that would fundamentally change its perception of the business.
Limbach is up 35.8% since the beginning of the year, and at $59.84 per share it is trading close to its 52-week high of $65.39 from July 2024. Investors who bought $1,000 worth of Limbach's shares 5 years ago would now be looking at an investment worth $7,574.
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