KLX Reports Third Quarter Earnings and Raises Earnings Guidance

KLX, Inc. announced its third-quarter earnings on December 6. The company reported operating earnings of $60.5 million, which was an increase of 56.7% over the same quarter last year. KLX increased its estimated adjusted net earnings per share by $0.10 to $3.10 per diluted share. KLX is a leading distributor and service provider of fasteners and consumable for the aerospace industry as well as a provider of services and products to the oil and gas production and exploration industries.

 

Sonal caught the news at 2:00 am and issued an alert. The next trade took place at the market open for $57.11. The stock price had a pullback right after the opening of regular market trading hours. Afterwards, the price continued to trend upwards throughout the day before closing at $59.

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