Matrix Service's earnings and revenue fell short of expectations, yet its stock briefly surged to $13.01.

Matrix Service, an engineering and construction firm for energy and industrial projects, reported lower-than-expected earnings and revenue for the quarter. The company's stock briefly increased, reaching $13.01, with a total market value of $358.43 million. Despite a downgrade from "buy" to "hold" by StockNews.com, DA Davidson maintained a "buy" rating with a target price of $18.00.

November 09, 2024
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