L.B. Foster Q3 EPS $0.05 Misses $0.25 Estimate, Sales $145.34M Beat $140.81M Estimate
Portfolio Pulse from Benzinga Newsdesk
L.B. Foster (NASDAQ:FSTR) reported Q3 earnings of $0.05 per share, missing the analyst consensus estimate of $0.25 by 80%. However, the company's quarterly sales of $145.34 million beat the estimate of $140.81 million by 3.22%. This represents a 125% increase in earnings and an 11.79% increase in sales compared to the same period last year.
November 07, 2023 | 1:01 pm
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L.B. Foster's Q3 earnings missed estimates by 80%, but sales exceeded expectations by 3.22%. This mixed result could lead to uncertainty in the market.
L.B. Foster's earnings miss could negatively impact the stock price, but this may be offset by the better-than-expected sales. The mixed results could lead to uncertainty among investors, potentially causing volatility in the stock price.
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