AAON reports earnings beat and raises annual revenue growth guidance
AAON AAON Inc
$62.87 +9.93%
View chart & analysis → - 1AAON revenue for the September quarter reached $707.43 million, achieving an 84.1% year-over-year growth rate.
- 2Management raised the annual revenue growth guidance to 72% to 75%.
- 3AAON announced internal control weaknesses regarding revenue recognition and software subscriptions, along with a restatement of first-half results.
So what's the key point?
AAON recorded higher revenue than experts expected. However, attention is needed as results were recalculated due to internal management issues.
Source Earnings Whispers +1 · View original ↗
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