Ferguson Cashes In On Data Center Buildout, Raises Outlook
Ferguson Enterprises (FERG) stock rises on beat-and-raise Q2 earnings, driven by strong US non-res sales and strategic acquisitions.
Ferguson made more money than people expected and says it will keep doing well, mostly because lots of companies are building new data centers and need supplies. When a company beats expectations and raises its outlook, it usually means their business is running strong right now.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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