Commercial Vehicle Group Q3 EPS $0.22 Misses $0.24 Estimate, Sales $246.70M Miss $252.16M Estimate
Portfolio Pulse from Benzinga Newsdesk
Commercial Vehicle Group (NASDAQ:CVGI) reported Q3 earnings of $0.22 per share, missing the analyst consensus estimate of $0.24 by 8.33%. The company also reported quarterly sales of $246.70 million, missing the analyst consensus estimate of $252.16 million by 2.17%. Despite the miss, the earnings represent a 46.67% increase over the same period last year, while sales decreased by 1.87% compared to last year.
November 01, 2023 | 9:18 pm
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Commercial Vehicle Group's Q3 earnings and sales missed analyst estimates. This could potentially lead to a short-term negative impact on the company's stock price.
Commercial Vehicle Group's earnings and sales for Q3 missed analyst estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the company's stock price in the short term as investors adjust their expectations.
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