Astronics Q3 EPS $(0.51), Sales $162.90M Miss $171.18M Estimate
Portfolio Pulse from Benzinga Newsdesk
Astronics reported Q3 losses of $(0.51) per share, missing the analyst consensus estimate of $0.04 by 1375 percent. This is a 10.87 percent decrease over losses from the same period last year. The company also reported quarterly sales of $162.90 million, missing the analyst consensus estimate of $171.18 million by 4.84 percent. However, this is a 23.94 percent increase over sales from the same period last year.
November 08, 2023 | 9:49 pm
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Astronics reported lower than expected earnings and sales for Q3. The company's losses per share increased by 10.87% compared to the same period last year, and sales missed estimates by 4.84%.
Astronics reported a larger than expected loss per share and lower than expected sales for Q3. This could negatively impact the company's stock price in the short term as it indicates that the company's financial performance is not meeting expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100