Ducommun Q3 adj EPS $0.70 Beats $0.61 Estimate, Sales $196.30M Beat $196.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ducommun (NYSE:DCO) reported Q3 adjusted earnings of $0.70 per share, beating the analyst consensus estimate of $0.61 by 14.75%. However, this is a 27.08% decrease from the same period last year. The company also reported quarterly sales of $196.30 million, slightly beating the analyst consensus estimate of $196.20 million by 0.05%, and marking a 5.20% increase from the same period last year.
November 08, 2023 | 11:31 am
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Ducommun's Q3 earnings beat estimates but are down 27.08% YoY. Sales slightly beat estimates and are up 5.20% YoY.
While Ducommun beat earnings and sales estimates, the YoY decrease in earnings could potentially concern investors. However, the increase in sales YoY might offset some of these concerns, leading to a neutral short-term impact on the stock price.
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