AAON Beats Earnings, but Stock Declines

AAON Incorporated, a Tulsa-based heating and air conditioning equipment manufacturer, reported a surprise third-quarter earnings beat, with a net income of $30.8 million, or $0.37 per share, exceeding analysts expectations of $0.33 per share. The company also posted impressive revenue of $384.2 million. Despite this strong performance, AAONs stock has declined by 21% this year and 17% over the past year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.