Middleby Q3 EPS $2.35 Beats $2.33 Estimate, Sales $980.65M Miss $1.02B Estimate
Portfolio Pulse from Benzinga Newsdesk
Middleby Corporation (NASDAQ:MIDD) reported Q3 earnings of $2.35 per share, beating the analyst consensus estimate of $2.33 by 0.86 percent. This is a 7.8 percent increase from the same period last year. However, the company's quarterly sales of $980.65 million missed the analyst consensus estimate of $1.02 billion by 3.86 percent, marking a 1.23 percent decrease from the same period last year.
November 08, 2023 | 12:03 pm
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Middleby's Q3 earnings beat estimates but sales fell short. This mixed result could lead to volatility in the stock's price.
Middleby's earnings beat estimates, which is a positive signal for investors and could drive the stock price up. However, the company's sales missed estimates, which is a negative signal and could drive the stock price down. The mixed result could lead to volatility in the stock's price.
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