Columbus McKinnon Q1 Adj EPS $0.62 Misses $0.63 Estimate, Sales $235.49M Miss $239.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Columbus McKinnon (NASDAQ:CMCO) reported Q1 adjusted earnings of $0.62 per share, missing the analyst consensus estimate of $0.63 by 1.59%. This is a 10.14% decrease from the same period last year. The company also reported quarterly sales of $235.49 million, missing the analyst consensus estimate of $239.00 million by 1.47%. This is a 6.90% increase from the same period last year.
August 04, 2023 | 10:50 am
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Columbus McKinnon's Q1 earnings and sales missed estimates, which could negatively impact the stock in the short term.
Columbus McKinnon's earnings and sales missed estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100