Transcat Q1 EPS $0.52 Beats $0.27 Estimate, Sales $60.60M Beat $59.63M Estimate
Portfolio Pulse from Benzinga Newsdesk
Transcat (NASDAQ:TRNS) reported Q1 earnings of $0.52 per share, beating the analyst consensus estimate of $0.27 by 92.59%. However, this is a 3.7% decrease from the same period last year. The company also reported quarterly sales of $60.60 million, beating the analyst consensus estimate of $59.63 million by 1.62%, and marking a 10.86% increase from the same period last year.
July 31, 2023 | 8:56 pm
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Transcat's Q1 earnings and sales beat analyst estimates, but earnings decreased by 3.7% compared to the same period last year.
Transcat's earnings beat analyst estimates, which is generally a positive signal for the stock. However, the decrease in earnings compared to the same period last year might temper investor enthusiasm. The increase in sales is a positive sign and could offset the decrease in earnings.
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