Powell Industries Posts Downbeat Q3 Results, Joins Clearpoint Neuro, Ichor Holdings And Other Big Stocks

U.S. stock futures were higher this morning, with the Nasdaq 100 futures gaining around 150 points on Tuesday.

Shares of Powell Industries Inc (NASDAQ:POWL) fell sharply in pre-market trading after the company reported worse-than-expected quarterly financial results.

Powell Industries reported quarterly earnings of $1.42 per share which missed the analyst consensus estimate of $1.47 per share.

The company reported quarterly sales of $312.000 million which missed the analyst consensus estimate of $315.168 million.

Powell Industries shares dipped 13.4% to $190.02 in pre-market trading.