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Add as a preferred source on GoogleMueller Industries Shares Reach Four-Month Low After Earnings Miss
Revenue rose 32% from a year earlier, with data center and commercial building demand supporting growth in key business areas.
Mueller Industries, Inc. (NYSE: MLI), a copper products maker, fell as much as 7.9% Tuesday and reached a four-month low after third-quarter earnings narrowly missed analyst estimates, despite revenue rising 32% from a year earlier.
Demand tied to data centers and commercial buildings supported growth in key areas of the business, helping cushion weakness in residential construction.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.