🔴 Powell Industries is trading 4.5% down today after missing Q3 estimates and post-earnings profit-taking

Powell Industries is trading about 4.5% down at $210.43 as investors consolidate gains following slightly weaker-than-expected Q3 results.

• The company’s minor revenue and EPS miss contrasts with very strong new orders and a record backlog, highlighting robust underlying demand.
• Shares are experiencing volatility and profit-taking after a sharp rally driven by the company's data center and energy transition growth story.