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Fly News Breaks for June 25, 2015
APOG
Jun 25, 2015 | 10:24 EDT
Goldman said Apogee reported Q1 2016 earnings of 41c, above its 39c estimate, on better than expected operating leverage but the book-to-bill fell to .92 from .99 last quarter. The firm said orders declined 17% year-over-year to $220M, the lowest absolute level since Q3 2014. The firm maintains its Buy rating and $61 price target and is upbeat ahead of the conference call on robust incrementals and operational gains.
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