Albertsons Companies Q3 Adj EPS $0.79 Beats $0.65 Estimate, Sales $18.56B Beat $18.37B Estimate
Portfolio Pulse from Benzinga Newsdesk
Albertsons Companies (ACI) reported Q3 adjusted earnings of $0.79 per share, surpassing the $0.65 estimate, and sales of $18.56B, exceeding the $18.37B estimate. Earnings per share decreased by 9.2% compared to last year, while sales increased by 2.21%.
January 09, 2024 | 1:31 pm
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Albertsons Companies reported higher-than-expected Q3 earnings and sales, with a slight decrease in EPS year-over-year but an increase in sales.
Albertsons' beat on both earnings and sales estimates is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price. However, the decrease in EPS year-over-year might temper some of the positive sentiment.
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