Fortune Brands Home & Security Increases Annual Earnings Outlook on Strong Second-Quarter Sales Results
Fortune Brands Home & Security, Inc. (FBHS) announced its second-quarter 2018 earnings on July 26. Sales increased 5% year-over-year to $1.4 billion. The company increased its guidance for annual EPS before charges/gains to between $3.62 and $3.72.
Sonal issued an alert to subscribers at 4:05 pm. The next trade was for $53.97 at 4:06 pm. The stock opened for regular market trading the next morning at $53.77 and surged higher to close at $57.33. The stock price continued to hover around $57.50 for the next five trading. Fortune Brands closed at $57.53 on August 3 for a gain of 7%.
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