Pool Corp shares rose as much as 10.6% Thursday morning, while the S&P 500 fell 1.2%, after the company reported better-than-expected third-quarter results. Sales rose 3.7% year over year to $1.50 billion, and diluted earnings were $3.40 per share against an estimate of about $3.36. Price increases helped drive sales as the company passed higher freight costs on to customers, and management reaffirmed its full-year targets. The stock is still down 37% over the past year and 49% over two years, and the author says he is not a fan of the shares.
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