Griffon Q4 Adj. EPS $1.19 Beats $1.02 Estimate, Sales $641.38M Miss $653.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Griffon Corporation (NYSE:GFF) reported Q4 adjusted EPS of $1.19, surpassing the consensus estimate of $1.02 by 16.67%. However, sales of $641.38M fell short of the expected $653.00M, a 1.78% miss and a 9.53% decrease from the previous year.
November 15, 2023 | 1:03 pm
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NEUTRAL IMPACT
Griffon's Q4 earnings exceeded expectations with an EPS of $1.19, but sales underperformed, missing estimates and showing a year-over-year decline.
While the EPS beat may provide a positive sentiment, the sales miss and year-over-year decline could raise concerns about growth, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100