BUZZ - Armstrong World’s stock falls after lowering annual profit forecast

October 27 - ** Shares of building solutions company Armstrong World Industries AWI.N fell 6.5% in premarket trading to $154.1

** The company (link) lowered the upper end of its fiscal 2026 adjusted earnings per share forecast range to $8.3–$8.4 from the previous $8.3–$8.5

** According to data compiled by London Stock Exchange Group (LSEG), the company’s adjusted earnings per share for the third quarter was $2.26, below analysts’ expectation of $2.39

** The CEO said that increased inflationary pressures and time-related structural headwinds in mineral fiber sales affected performance

** Out of 12 brokerages, 8 rate the stock as “buy” or higher and 4 as “hold”; the median target price is $205.50

** As of the previous session’s close, the stock has fallen 13.8% so far this year

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