Modine's data-center growth is surging, but falling estimates, margin pressure and a stretched valuation leave little room for execution missteps.
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Modine's fiscal Q1 earnings beat estimates as data center sales surge 90%. However, revenues miss, and supply-chain pressure squeezes margins.
Modine (MOD) closed at $234.28 in the latest trading session, marking a -4.73% move from the prior day.
Modine (MOD) closed at $244.49 in the latest trading session, marking a -8.44% move from the prior day.
In the most recent trading session, Modine (MOD) closed at $277.46, indicating a -6.13% shift from the previous trading day.
Stock Market Today: The Dow Jones index rose Wednesday as oil prices continued to tumble. Micron stock surged in premarket trading.
The heating and cooling products company is scheduled to announce first-quarter earnings on May 26.
Modine (MOD) closed the most recent trading day at $276.27, moving 3% from the previous trading session.
The latest trading day saw Modine (MOD) settling at $237.06, representing a -3.22% change from its previous close.