H.B. Fuller hits 52-week highs after Q3 beats expectations


H.B. Fuller (FUL +7.6%) shares hit a 52-week high after the maker of adhesives and sealants reported better than expected Q3 results.

Q3 earnings fell 66% Y/Y but results suffered from tough year-ago comparisons that masked an increase in revenue and wider margins.

FUL forecast Q4 adjusted EPS of $0.70-$0.74 vs. $0.74 analyst consensus and raised the bottom end of its FY 2013 EPS outlook, narrowing its view to $2.60-$2.65 from $2.55-$2.65 and $2.56 consensus.

Peers SHW +1.1%, PPG +1%.

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