Atkore Q3 Adj EPS $5.72 Beats $4.26 Estimate, Sales $919.10M Miss $939.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Atkore (NYSE:ATKR) reported Q3 adjusted earnings of $5.72 per share, beating the analyst consensus estimate of $4.26 by 34.27%. However, this is a 5.77% decrease from the same period last year. The company's quarterly sales were $919.10 million, missing the analyst consensus estimate of $939.40 million by 2.16%, and marking a 13.46% decrease from the same period last year.
August 08, 2023 | 10:04 am
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Atkore's Q3 earnings exceeded expectations but sales fell short of estimates and decreased compared to last year.
Atkore's earnings beat could potentially boost investor confidence, but the missed sales estimate and YoY decrease might offset this positive sentiment. The net impact on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100