Acme United Q2 EPS $0.96 Beats $0.52 Estimate, Sales $53.30M Miss $58.48M Estimate
Portfolio Pulse from Benzinga Newsdesk
Acme United (AMEX:ACU) reported Q2 earnings of $0.96 per share, beating the analyst consensus estimate of $0.52 by 84.62%. This is a 35.21% increase from the same period last year. However, the company's quarterly sales of $53.30 million missed the analyst consensus estimate of $58.48 million by 8.86%, marking a 6.12% decrease from last year.
July 21, 2023 | 1:01 pm
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NEUTRAL IMPACT
Acme United's Q2 earnings surpassed estimates, but sales fell short. This mixed result could lead to uncertainty in the market.
Acme United's earnings beat estimates, which is a positive signal for investors. However, the missed sales target could offset this positive sentiment, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100