NN Q3 2023 Adj EPS $0.01 Beats $(0.06) Estimate, Sales $124.44M Beat $123.30M Estimate
Portfolio Pulse from vinayak@benzinga.com
NN (NASDAQ:NNBR) reported Q3 2023 earnings of $0.01 per share, beating the analyst consensus estimate of $(0.06) by 116.67%. This is a 66.67% decrease from the same period last year. The company also reported quarterly sales of $124.44 million, beating the analyst consensus estimate of $123.30 million by 0.93%. This is a 2.24% decrease from the same period last year.
November 06, 2023 | 10:10 pm
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NEUTRAL IMPACT
NN's Q3 2023 earnings and sales beat estimates, but both decreased compared to the same period last year.
NN's earnings and sales beat estimates, which is positive news. However, the fact that both earnings and sales decreased compared to the same period last year is a negative sign. These two factors could balance each other out, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100