Linamar Q3 2023 EPS $2.21 Beats $2.06 Estimate, Sales $2.43B Beats $2.353B Estimate
Portfolio Pulse from Benzinga Newsdesk
Linamar Corporation reported its Q3 2023 earnings per share (EPS) of $2.21, surpassing the estimated $2.06. The company's sales also exceeded expectations, reaching $2.43 billion against the $2.353 billion estimate.
November 08, 2023 | 9:28 pm
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Linamar Corporation's Q3 2023 earnings and sales exceeded estimates, which could positively impact the company's stock.
Companies that report earnings and sales above estimates typically see a positive reaction in their stock price as this indicates better-than-expected performance. Therefore, Linamar's stock (LIMAF) is likely to experience a positive short-term impact.
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