Earnings To Watch: Armstrong World (AWI) Reports Q4 Results Tomorrow
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Armstrong World Industries is set to report its Q4 results tomorrow. Last quarter, it exceeded revenue expectations with $425.2 million, a 10% year-on-year increase, but missed adjusted operating income and EBITDA estimates. Analysts expect an 8.9% revenue growth this quarter, down from 17.7% last year. Positive sentiment in the building materials sector has seen share prices rise, with Armstrong up 6.2% recently. The average analyst price target for Armstrong is $211.10, compared to its current price of $198.91.
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