Barnes Gr Q3 Adj. EPS $0.19 Misses $0.48 Estimate, Sales $360.99M Beat $356.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Barnes Gr (NYSE:B) reported Q3 adjusted earnings of $0.19 per share, missing the analyst consensus estimate of $0.48 by 60.42%. This is a 61.22% decrease from the same period last year. However, the company reported quarterly sales of $360.99 million, beating the analyst consensus estimate of $356.50 million by 1.26%, a 14.69% increase from last year.
October 27, 2023 | 10:31 am
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NEUTRAL IMPACT
Barnes Gr's Q3 earnings missed estimates by 60.42%, but sales beat estimates. This mixed result could lead to uncertainty in the market.
Barnes Gr's earnings miss is a negative signal to investors, but the sales beat could offset this to some extent. The mixed results could lead to uncertainty in the market, making it difficult to predict the short-term price direction.
CONFIDENCE 90
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RELEVANCE 100