Stock of IES Holdings, Inc. (IESC) is falling around 8 percent in Friday morning trading despite reporting strong earnings and revenue growth in the second quarter.
The company's stock is currently trading at $590.19, down 8.33 percent or $53.89, over the previous close of $644.08 on the Nasdaq. It has traded between $213.57 and $675.00 in the past one year.
The company's earnings rose to $109.8 million, or $5.44 per share, from $70.7 million, or $3.50 per share, last year. Meanwhile, revenue amounted to $974.2 million, up from $834.0 million in the prior year.
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