Forgent Power Solutions (FPS) Stock Falls 4% Pre-Market Despite Q1 Beat and Raise

TLDR FPS closed Wednesday at $24.57, then dipped in pre-market trading Thursday. Q1 revenue rose 69% to $479 million, with adjusted EPS of $0.24. Net income jumped 252% to $55 million. Full-year EPS guidance of $1.30 to $1.44 landed close to analyst estimates. Analysts rate the stock a Moderate Buy with a $53.21 average target. [...]

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