Acme United Q3 EPS $0.58, Sales $50.40M Miss $51.24M Estimate
Portfolio Pulse from Benzinga Newsdesk
Acme United (AMEX:ACU) reported Q3 earnings of $0.58 per share, missing the analyst consensus estimate of $0.70 by 17.14%. The company's quarterly sales were $50.40 million, missing the estimate of $51.24 million by 1.64%. However, both earnings and sales increased compared to the same period last year.
October 23, 2023 | 1:00 pm
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NEGATIVE IMPACT
Acme United's Q3 earnings and sales missed analyst estimates, which could negatively impact the stock in the short term. However, the YoY growth might mitigate this impact.
Acme United's Q3 earnings and sales missed analyst estimates, which is typically a negative signal for the stock. However, the YoY growth in both earnings and sales might be seen as a positive signal by some investors, potentially mitigating the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100