Shares of Nextpower (NXT) tumbled 5.06% in after-hours trading on Thursday following the release of its fiscal first-quarter results, which showed a slight revenue miss and mixed forward guidance.
The company reported adjusted earnings per share of $1.20, surpassing the consensus estimate of $1.05. However, quarterly revenue of $935.17 million fell short of the expected $936.52 million, a miss of 0.14%. While gross profit reached $336 million and operating income was $190.91 million, the top-line shortfall appeared to weigh on investor sentiment.
Looking ahead, Nextpower issued guidance for fiscal 2027 revenue in the range of $4.1 billion to $4.4 billion, compared to the FactSet estimate of $4.25 billion. The adjusted EPS guidance was set at $4.42 to $4.73, with the midpoint of $4.575 slightly below the consensus estimate of $4.61. The combination of the quarterly revenue miss and the cautious profit outlook likely contributed to the after-hours decline.