Luxfer Holdings Q3 Adj EPS $0.04, Inline, Sales $97.40M Beat $97.00M Estimate
Portfolio Pulse from mahesh@benzinga.com
Luxfer Holdings (NYSE:LXFR) reported Q3 earnings of $0.04 per share, meeting analyst consensus. This is an 88.57% decrease from the same period last year. The company's quarterly sales of $97.40 million beat the analyst consensus estimate of $97.00 million by 0.41%, but this is a 2.79% decrease from the same period last year.
October 25, 2023 | 8:56 pm
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NEGATIVE IMPACT
Luxfer Holdings reported Q3 earnings in line with estimates but significantly lower than last year. Sales beat estimates but were also lower YoY.
Luxfer's earnings met estimates, which is positive, but the significant YoY decrease in both earnings and sales could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100