Deluxe Q3 Adj EPS $0.79 Beats $0.74 Estimate, Sales $537.80M Beat $537.43M Estimate
Portfolio Pulse from Benzinga Newsdesk
Deluxe (NYSE:DLX) reported Q3 adjusted earnings of $0.79 per share, beating the analyst consensus estimate of $0.74 by 6.76%. However, this is a 20.2% decrease from the same period last year. The company also reported quarterly sales of $537.80 million, slightly beating the estimate of $537.43 million by 0.07%, but this is a 3.10% decrease from last year.
November 02, 2023 | 10:01 am
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NEUTRAL IMPACT
Deluxe's Q3 earnings and sales beat estimates but are down from the same period last year.
While Deluxe beat the estimates for both earnings and sales, the fact that these figures are down from the same period last year could have a neutral impact on the stock. Investors may be pleased with the beat but concerned about the year-on-year decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100