Universal Stainless Q3 EPS $0.20 Beats $0.15 Estimate, Sales $71.28M Beat $70.88M Estimate
Portfolio Pulse from Benzinga Newsdesk
Universal Stainless (NASDAQ:USAP) reported Q3 earnings of $0.20 per share, beating the analyst consensus estimate of $0.15 by 33.33%. This is a 242.86% increase over losses of $(0.14) per share from the same period last year. The company also reported quarterly sales of $71.28 million, beating the analyst consensus estimate of $70.88 million by 0.57%. This is a 54.31% increase over sales of $46.20 million the same period last year.
October 25, 2023 | 10:53 am
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Universal Stainless reported strong Q3 earnings and sales, both beating analyst estimates. This indicates a positive financial performance and could lead to a short-term increase in stock price.
The company's earnings and sales have both exceeded analyst estimates, indicating a strong financial performance. This is likely to be viewed positively by investors, potentially leading to increased demand for the stock and a short-term increase in its price.
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