Columbus McKinnon Q2 Adj. EPS $0.76 Beats $0.70 Estimate, Sales $258.40M Beat $255.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
Columbus McKinnon (NASDAQ:CMCO) reported Q2 adjusted earnings of $0.76 per share, beating the analyst consensus estimate of $0.70 by 8.57%. This is a 4.11% increase over earnings of $0.73 per share from the same period last year. The company also reported quarterly sales of $258.40 million, beating the analyst consensus estimate of $255.07 million by 1.31%. This is a 11.50% increase over sales of $231.74 million the same period last year.
November 01, 2023 | 10:17 am
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Columbus McKinnon's Q2 earnings and sales exceeded analyst estimates, which could positively impact the company's stock.
Columbus McKinnon's Q2 earnings and sales exceeded analyst estimates, which is typically a positive signal for investors and could lead to an increase in the company's stock price in the short term.
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