Barnes Group’s Big Break
It’s been a rough month for Barnes Group, which is down over 40% in October. Most of those losses came today after it reported weaker-than-expected quarterly results. 📉
The engineered products, industrial technologies, and solutions provider generated adjusted earnings per share of $0.19, well below the $0.48 expected. Revenues jumped 15% YoY to $361 million, while analysts anticipated $364.2 million. 🔻