Matthews International Q3 EPS $0.74 Beats $0.63 Estimate, Sales $471.91M Beat $464.28M Estimate
Portfolio Pulse from Benzinga Newsdesk
Matthews International (NASDAQ:MATW) reported Q3 earnings of $0.74 per share, beating the analyst consensus estimate of $0.63 by 17.46%. This is a 27.59% increase from the same period last year. The company also reported quarterly sales of $471.91 million, beating the analyst consensus estimate of $464.28 million by 1.64%, a 11.91% increase from the same period last year.
July 27, 2023 | 8:17 pm
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POSITIVE IMPACT
Matthews International reported better than expected Q3 earnings and sales, which could positively impact its stock price in the short term.
Matthews International reported Q3 earnings and sales that beat analyst estimates. This positive financial performance could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100