Encore Wire Q3 GAAP EPS $4.82 vs. $9.97 Prior Year, Sales $636.99M Beat $634.18M Estimate
Portfolio Pulse from Benzinga Newsdesk
Encore Wire reported Q3 GAAP earnings of $4.82 per share, a 51.65% decrease from the same period last year. However, the company's quarterly sales of $636.99 million beat the analyst consensus estimate of $634.18 million by 0.44%, despite being a 16.45% decrease from last year.
October 24, 2023 | 8:58 pm
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Encore Wire's Q3 earnings decreased significantly from last year, but sales beat estimates. This mixed result could lead to uncertain market reactions.
Encore Wire's earnings have decreased significantly, which could negatively impact the stock. However, the company beat sales estimates, which is generally a positive signal to investors. These mixed results could lead to uncertain short-term price movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100