Albany Intl Q3 2023 Adj EPS $1.02 Beats $0.92 Estimate, Sales $281.11M Beat $262.88M Estimate
Portfolio Pulse from saritha@benzinga.com
Albany Intl (NYSE:AIN) reported Q3 2023 earnings of $1.02 per share, beating the analyst consensus estimate of $0.92 by 10.87%. However, this is a 11.3% decrease from the same period last year. The company also reported quarterly sales of $281.11 million, beating the analyst consensus estimate of $262.88 million by 6.93%, and marking a 7.88% increase from the same period last year.
November 06, 2023 | 9:38 pm
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Albany Intl's Q3 2023 earnings and sales beat estimates, but earnings are down 11.3% YoY. Sales are up 7.88% YoY.
Albany Intl's earnings beat estimates, which is positive for the stock. However, the YoY decrease in earnings could be a concern for investors. The increase in sales is a positive sign, but it's unclear how this mixed report will affect the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100