Apogee Enterprises Q3 Adjusted EPS $1.23 Beats $1.10 Estimate, Sales $339.71M Miss $360.98M Estimate
Portfolio Pulse from Benzinga Newsdesk
Apogee Enterprises, Inc. (NASDAQ:APOG) reported Q3 adjusted EPS of $1.23, surpassing the $1.10 estimate, marking an 11.82% beat and a 14.95% increase from last year's $1.07 per share. However, sales of $339.71M fell short of the expected $360.98M, a 5.89% miss and a 7.65% decline from the previous year's $367.85M.
December 21, 2023 | 11:08 am
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Apogee Enterprises reported higher-than-expected Q3 earnings but missed on revenue estimates, with a year-over-year decline in sales.
While the EPS beat could be seen as a positive signal, the miss on revenue estimates and the year-over-year sales decline may raise concerns about growth, potentially leading to a neutral short-term impact on the stock price.
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