Universal Technical Q3 Adj EPS $0.06 Beats $(0.10) Estimate, Sales $153.29M Beat $148.30M Estimate
Portfolio Pulse from bharat@benzinga.com
Universal Technical (NYSE:UTI) reported Q3 earnings of $0.06 per share, beating the analyst consensus estimate of $(0.10) by 160 percent. This is a 64.71 percent decrease from the same period last year. The company also reported quarterly sales of $153.29 million, beating the analyst consensus estimate of $148.30 million by 3.36 percent, a 51.77 percent increase from the same period last year.
August 08, 2023 | 8:28 pm
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Universal Technical's Q3 earnings and sales beat analyst estimates, which could lead to a positive short-term impact on the stock.
Universal Technical reported better than expected Q3 earnings and sales, which typically leads to a positive reaction in the stock market. However, the earnings are down 64.71% from the same period last year, which could temper the positive impact.
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