Quanex Shares Skyrocket 22% on Q2 Earnings Surprise!

Quanex Building Products Corporation surged 22.15% intraday, after reporting second-quarter adjusted earnings per share of $0.60, beating analyst estimates of $0.47. The company's revenue for the quarter reached $452.5 million, a 70% increase from the previous year's $266.2 million, and exceeded analyst expectations of $439.3 million. Quanex also raised its cost synergy target to approximately $45 million, demonstrating confidence in future profitability.