NYSE:QSemiconductor
Qnity Electronics (NYSE:Q) Stock Rallies On EPS Strength As Margins Tighten
The market rushed to reward Qnity Electronics, pushing the stock up 6.3% to US$141.67, yet the real story is tighter than that price pop suggests. Qnity delivered a punchy Q2 headline with about US$1.4b in revenue and adjusted earnings per share of US$1.19, alongside a lift to full year guidance. The excitement sits squarely on that earnings power, even as trailing net profit margin over the last year is 11.2%, below the prior year. Today’s move looks like investors pricing the earnings...