ABM Isn’t Just Cleaning Buildings Anymore — Its Data Center Pipeline Is Multiplying
ABM stock jumps 7% after beating Q3 2026 earnings estimates, boosted by semiconductor and data center growth. Read the snapshot.
Stocks · News reference
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
ABM stock jumps 7% after beating Q3 2026 earnings estimates, boosted by semiconductor and data center growth. Read the snapshot.
ABM Industries reported Q3 2026 revenue of $2.32 billion, up 4.2% year-over-year, beating consensus estimates by 0.71%. EPS of $1.04 exceeded expectations of $1.01 by 2.97%. Segment performance was mixed, with strong growth in Aviation (+12.4%) and Manufacturing & Distribution (+17.6%), offset by weakness in Business & Industry (-2.6%). The stock holds a Zacks Rank #3 (Hold) rating and has underperformed the S&P 500 over the past month.
ABM Industries reported Q3 2026 earnings of $1.04 per share, beating consensus estimates of $1.01, with revenues of $2.32 billion exceeding expectations by 0.71%. However, the stock has underperformed the S&P 500 year-to-date, gaining 11.2% versus the market's 12.8%. The company received a Zacks Rank #3 (Hold) rating, suggesting near-term performance in line with the market. The Business - Services industry ranks in the bottom 24% of Zacks industries.
Dyne Therapeutics stock sinks on Novartis' failed Phase 3 myotonic dystrophy study, even as Dyne prepares new trial data presentations.
U.S. stock futures fell as Novartis plunged 12.7% after pelacarsen’s Phase III trial missed its endpoint; other biotech stocks also declined.