Marine Prods Q3 EPS $0.30 Misses $0.36 Estimate, Sales $77.79M Miss $105.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Marine Products Corporation (NYSE:MPX) reported Q3 earnings of $0.30 per share, missing the analyst consensus estimate of $0.36 by 16.67%. This is a decrease of 11.76% from the same period last year. The company also reported quarterly sales of $77.79 million, missing the analyst consensus estimate of $105.10 million by 25.99%. This is a decrease of 22.26% from the same period last year.
October 25, 2023 | 10:52 am
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NEGATIVE IMPACT
Marine Products Corporation's Q3 earnings and sales missed analyst estimates, with a decrease in earnings per share and sales compared to the same period last year.
Marine Products Corporation reported lower than expected earnings and sales for Q3. This underperformance is likely to negatively impact the company's stock price in the short term as it indicates a weaker financial performance compared to the same period last year.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100