Great Lakes Dredge & Dock Q3 EPS $(0.09) Beats $(0.11) Estimate, Sales $117.19M Miss $136.83M Estimate
Portfolio Pulse from Benzinga Newsdesk
Great Lakes Dredge & Dock (NASDAQ:GLDD) reported Q3 losses of $(0.09) per share, beating the analyst consensus estimate of $(0.11) by 18.18%. However, the company's quarterly sales of $117.19 million missed the analyst consensus estimate of $136.83 million by 14.36%. This represents a 25.99% decrease over sales from the same period last year.
November 07, 2023 | 1:06 pm
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Great Lakes Dredge & Dock's Q3 earnings beat estimates but sales missed, indicating mixed performance.
Great Lakes Dredge & Dock's Q3 earnings beat analyst estimates, which could positively impact the stock. However, the company's sales missed estimates and decreased compared to the same period last year, which could negatively impact the stock. The mixed performance makes the short-term impact on the stock uncertain.
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IMPORTANCE 80
RELEVANCE 100