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EnerSys Stock Jumps 15% as Data Center Demand Fuels Earnings Beat
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EnerSys Stock Jumps 15% as Data Center Demand Fuels Earnings Beat
EnerSys shares surged more than 15% on Thursday after the industrial battery maker posted adjusted quarterly earnings of $3.66 per share, blowing past the $2.83 consensus estimate by nearly 30%. Revenue rose 4.8% year over year to $935.6 million, topping Wall Street’s $928 million forecast. The company also guided next quarter’s revenue to roughly $975 million, in line with analyst expectations, suggesting the momentum isn’t a one-time blip. The…
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