Cushman & Wakefield Q3 Adj EPS $0.21, Inline, Sales $1.59B Miss $1.65B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cushman & Wakefield (NYSE:CWK) reported Q3 adjusted earnings of $0.21 per share, in line with analyst consensus. This is a 51.16% decrease from the same period last year. The company's quarterly sales of $1.59 billion missed the analyst consensus estimate of $1.65 billion by 3.76%, a 10.64% decrease from last year.
October 30, 2023 | 8:23 pm
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Cushman & Wakefield's Q3 earnings met expectations but sales missed estimates and decreased from last year.
Cushman & Wakefield's earnings were in line with expectations, which is positive. However, the company's sales missed estimates and decreased from the same period last year, which is negative. This could potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100