Core Molding Technologies Q3 Adj EPS $0.53 Misses $0.56 Estimate, Sales $86.73M Miss $94.60M Estimate
Portfolio Pulse from mahesh@benzinga.com
Core Molding Technologies (AMEX:CMT) reported Q3 earnings of $0.53 per share, missing the analyst consensus estimate of $0.56 by 5.36%. The company also reported quarterly sales of $86.73 million, missing the analyst consensus estimate of $94.60 million by 8.32%. This represents a 51.43% increase in earnings but a 14.64% decrease in sales compared to the same period last year.
November 07, 2023 | 1:06 pm
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Core Molding Technologies' Q3 earnings and sales missed estimates, which could negatively impact the stock price in the short term.
Core Molding Technologies reported lower than expected earnings and sales for Q3. This underperformance could lead to a decrease in the company's stock price as it indicates that the company may not be performing as well as investors expected.
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