Overview
- The company posted adjusted earnings of $1.74 per share on revenue of $463.3 million, topping FactSet and Zacks estimates.
- Fourth-quarter guidance calls for earnings of $1.50 to $2.00 a share and revenue of $450 million to $490 million, with the midpoint above prior Street models.
- Shares climbed nearly 13% in morning trading to 220.07 and touched a session all-time high of 230.46.
- CEO Steve Kelley highlighted strong pull for next-generation products alongside AI data center solutions.
- At least four analysts raised price targets after the report, including KeyBanc moving its target to 240 and reiterating an overweight rating.