ACCO Brands Q3 Adj EPS $0.24 Beats $0.23 Estimate, Sales $448.00M Miss $474.57M Estimate
Portfolio Pulse from bharat@benzinga.com
ACCO Brands reported Q3 earnings of $0.24 per share, beating the analyst consensus estimate of $0.23 by 4.35%. However, the company's quarterly sales of $448.00 million missed the analyst consensus estimate of $474.57 million by 5.60%. This represents a 4% decrease in earnings and a 7.74% decrease in sales compared to the same period last year.
November 02, 2023 | 8:18 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
ACCO Brands' Q3 earnings beat estimates but sales missed, indicating mixed performance. This could lead to uncertainty among investors.
ACCO Brands' earnings beat estimates, which is a positive signal. However, the miss on sales could be a concern for investors, as it indicates a decrease in revenue. This mixed performance could lead to uncertainty among investors, potentially impacting the stock's short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100