Why ESAB (ESAB) Shares Are Falling Today
ESAB's Q3 Results: A Mixed Bag for InvestorsESAB, a welding and cutting equipment manufacturer, saw its shares drop nearly four percent after releasing Q3 results. Despite beating Wall Street's expectations for revenue and earnings, investors were spooked by a drop in operating margin to 14.9%. The company raised its full-year earnings outlook, but the focus on shrinking margins led to a sell-off. This reaction, though significant, may present an opportunity for investors who value strong revenue growth and improved outlook over thinning margins.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.