Columbus McKinnon Q3 Adj. EPS $0.74 Beats $0.68 Estimate, Sales $254.10M Beat $250.34M Estimate
Portfolio Pulse from Benzinga Newsdesk
Columbus McKinnon (NASDAQ:CMCO) exceeded analyst expectations for Q3 with an adjusted EPS of $0.74, surpassing the estimate of $0.68, and reported sales of $254.10M, beating the estimate of $250.34M. These figures represent a 2.78% increase in EPS and a 10.30% increase in sales compared to the same period last year.
January 31, 2024 | 11:31 am
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Columbus McKinnon reported strong Q3 results with both earnings and sales surpassing analyst estimates, indicating robust financial performance.
Beating both earnings and sales estimates typically has a positive impact on investor sentiment and can lead to a short-term increase in stock price. The reported growth over the previous year's figures further strengthens the case for a positive market reaction.
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