Compass Diversified Hldgs Q3 2023 Adj EPS $0.57 Beats $0.42 Estimate, Sales $569.57M Miss $574.80M Estimate
Portfolio Pulse from totan@benzinga.com
Compass Diversified Hldgs (NYSE:CODI) reported Q3 2023 earnings of $0.57 per share, beating the analyst consensus estimate of $0.42 by 35.71%. However, this is a 10.94% decrease from the same period last year. The company's quarterly sales of $569.57 million missed the analyst consensus estimate of $574.80 million by 0.91%, marking a 4.69% decrease from the same period last year.
November 02, 2023 | 9:01 pm
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Compass Diversified Hldgs reported better than expected Q3 2023 earnings but missed on sales. The mixed results could lead to uncertain market reactions.
Compass Diversified Hldgs reported a strong beat on earnings, which is generally positive for the stock. However, the company missed on sales, which could offset some of the positive sentiment. The decrease in both earnings and sales YoY might also concern investors.
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