Global Industrial Q3 2023 EPS $0.54 Beats $0.53 Estimate, Sales $354.60M Beat $343.38M Estimate
Portfolio Pulse from totan@benzinga.com
Global Industrial (NYSE:GIC) reported Q3 2023 earnings of $0.54 per share, beating the analyst consensus estimate of $0.53 by 1.89%. The company also reported quarterly sales of $354.60 million, surpassing the analyst consensus estimate of $343.38 million by 3.27%. Both earnings and sales show an increase compared to the same period last year.
October 31, 2023 | 8:24 pm
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POSITIVE IMPACT
Global Industrial's Q3 2023 earnings and sales exceeded analyst estimates, which could positively impact the company's stock in the short term.
Companies that report earnings and sales above analyst estimates often see a positive reaction in their stock price as this indicates better-than-expected performance. Given that Global Industrial beat both earnings and sales estimates, it's likely that this news will have a positive impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100