Atkore Q4 Adj. EPS $4.21 Beats $4.08 Estimate, Sales $869.89M Miss $920.42M Estimate
Portfolio Pulse from Benzinga Newsdesk
Atkore (NYSE:ATKR) reported Q4 adjusted EPS of $4.21, surpassing the $4.08 estimate, but experienced a 23.73% decrease from last year's $5.52. Sales reached $869.89M, falling short of the $920.42M estimate and marking a 15.46% decline from the previous year.
November 17, 2023 | 11:01 am
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Atkore's Q4 earnings surpassed estimates but showed a significant year-over-year decline in both EPS and sales, indicating potential challenges ahead.
While Atkore beat EPS estimates, the year-over-year decline in both earnings and sales is significant and may concern investors about the company's growth trajectory, potentially leading to a negative short-term impact on the stock price.
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