Core & Main Q3 EPS $0.65 Misses $0.69 Estimate, Sales $1.83B Miss $1.83B Estimate
Portfolio Pulse from Benzinga Newsdesk
Core & Main (NYSE:CNM) reported Q3 earnings of $0.65 per share, missing the consensus estimate of $0.69 by 5.8%. Sales reached $1.83B, slightly below the $1.83B estimate, marking a 0.50% increase from the previous year.
December 05, 2023 | 12:31 pm
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Core & Main reported Q3 EPS of $0.65, missing estimates by 5.8%, and sales of $1.83B, slightly below expectations, with a modest year-over-year growth.
Missing both EPS and sales estimates, even by small margins, can lead to negative investor sentiment in the short term. The lack of significant growth compared to the previous year may also contribute to a bearish outlook.
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IMPORTANCE 75
RELEVANCE 100