Sono-Tek Q3 2024 Adj EPS $0.04 Beats $0.03 Estimate, Sales $5.69M Beat $5.48M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sono-Tek Corporation (NASDAQ:SOTK) reported Q3 2024 adjusted earnings per share (EPS) of $0.04, surpassing the consensus estimate of $0.03 by 33.33%. Quarterly sales reached $5.69 million, exceeding the $5.48 million estimate by 3.91% and marking a 58.67% increase from the same period last year.
January 16, 2024 | 1:05 pm
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POSITIVE IMPACT
Sono-Tek's Q3 2024 earnings and sales surpassed analyst estimates, with a significant year-over-year sales increase.
Beating both EPS and sales estimates typically generates positive investor sentiment, likely leading to a short-term increase in stock price. The substantial year-over-year sales growth further strengthens the company's financial position and outlook, which can be seen as a strong positive by the market.
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