BUZZ-Qnity Electronics shares surge after raising annual performance forecast

November 4 - ** Shares of semiconductor solutions provider Qnity Electronics Q.N rose 5.1% in pre-market trading to $125

** The company raised (link) its adjusted earnings per share forecast for fiscal year 2026 to $4.95 to $5.05, above the previous range of $4.40 to $4.60

** Raised its fiscal year 2026 revenue forecast to $5.77 billion to $5.83 billion, from the previous $5.55 billion to $5.65 billion

** According to data compiled by London Stock Exchange Group (LSEG), the company reported third quarter sales and adjusted earnings per share of $1.6 billion and $1.46, respectively, both exceeding consensus analyst expectations

** The CEO attributed the results to the company’s “robust portfolio, strong alignment with customer roadmaps, and its ‘local service, local delivery’ model at scale”

** All 11 brokerages rated the stock as “Buy” or higher; the median price target is $175—LSEG data

** As of the close of the previous trading day, the stock had gained 45.6% year-to-date

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