Embecta Q4 Adjusted EPS $0.59 Beats $0.40 Estimate, Sales $281.90M Beat $271.55M Estimate
Portfolio Pulse from Benzinga Newsdesk
Embecta (NASDAQ:EMBC) reported Q4 adjusted EPS of $0.59, surpassing the $0.40 estimate, and sales of $281.90M, exceeding the $271.55M estimate. However, EPS decreased by 19.18% compared to $0.73 from the same period last year, while sales saw a 2.66% increase from $274.60M.
November 21, 2023 | 10:35 am
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Embecta's Q4 earnings and sales beat estimates, with EPS at $0.59 and sales at $281.90M, but EPS saw a year-over-year decline of 19.18%.
Embecta's stock is likely to experience a positive short-term impact due to the earnings and sales beat, which typically leads to increased investor confidence. However, the year-over-year decrease in EPS might temper some of the positive sentiment.
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