FERG - Why Ferguson Shares Are Slumping After Q2 Earnings | Benzinga
Ferguson Plc (NYSE:FERG) shares are trading lower on Tuesday.
The company reported second-quarter adjusted earnings per share of $1.74, missing the analyst consensus of $1.84.
Quarterly sales of $6.67 billion missed the street view of $6.76 billion. Net sales in the U.S. business declined 2.2%, with an organic revenue decline of 3.7% partially offset by a 1.5% contribution from acquisitions.
In the Canada business, net sales compressed by 3.7%, with an organic revenue decline of ...