Allegion Q3 Adj EPS $1.94 Beats $1.73 Estimate, Sales $917.90M Beat $910.41M Estimate
Portfolio Pulse from Benzinga Newsdesk
Allegion (NYSE:ALLE) reported Q3 adjusted earnings of $1.94 per share, beating the analyst consensus estimate of $1.73 by 12.14%. This is an 18.29% increase from the same period last year. The company also reported quarterly sales of $917.90 million, beating the analyst consensus estimate of $910.41 million by 0.82%, a 0.46% increase from the same period last year.
October 31, 2023 | 9:31 am
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Allegion's Q3 earnings and sales exceeded analyst estimates, indicating a strong financial performance. This could potentially lead to a positive impact on its stock price.
Allegion's Q3 earnings and sales have surpassed analyst estimates, which is typically a positive signal to investors and can lead to an increase in stock price. The company's earnings have increased by 18.29% and sales by 0.46% compared to the same period last year, indicating a strong financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100