Powell Industries is trading 14% down at $189.00 after reporting fiscal Q3 earnings that fell short of Wall Street expectations.
- The stock dropped from a previous close of $219.72 as investors focused on the EPS miss, which overshadowed the company's strong order growth and record backlog.
- The decline appears to be a company-specific reaction to the financial results, as broader U.S. equity futures are currently trading modestly higher.