Powell Industries Q3 EPS $1.52 Beats $0.66 Estimate, Sales $192.37M Beat $170.71M Estimate
Portfolio Pulse from mahesh@benzinga.com
Powell Industries reported Q3 earnings of $1.52 per share, beating the analyst consensus estimate of $0.66 by 130.3%. This is a 100% increase from the same period last year. The company also reported quarterly sales of $192.37 million, beating the analyst consensus estimate of $170.71 million by 12.69%. This is a 41.98% increase from the same period last year.
August 04, 2023 | 10:31 am
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POSITIVE IMPACT
Powell Industries reported significantly higher Q3 earnings and sales than expected, which could lead to a positive short-term impact on the stock.
Powell Industries reported Q3 earnings and sales that significantly beat estimates. This strong financial performance could increase investor confidence and demand for the stock, potentially leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100