On November 7, BWX Technologies Inc rose 5.1% in Regular Trading, trading at $120.82 per share, with turnover of $131 million.
The move coincided with the company launching a $500 million private offering of senior unsecured notes due 2034, while the stock also appeared to rebound after weakness following its latest quarterly report.
Earlier disclosures showed third-quarter adjusted EPS of $1.26, above consensus near $1.19, while revenue of about $953 million missed expectations of roughly $970 million. The company updated full-year adjusted EPS guidance to $4.72 to $4.77 from $4.70 to $4.80, narrowing the range, and maintained revenue guidance at about $3.80 billion, slightly below market expectations. Shares had declined after that earnings release before recovering in the latest session.
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