Matthews International Q1 Adj EPS $0.37, Inline, Sales $449.99M Beat $437.80M Estimate
Portfolio Pulse from bharat@benzinga.com
Matthews International (NASDAQ:MATW) reported Q1 adjusted EPS of $0.37, meeting analyst estimates, and sales of $449.99M, exceeding estimates of $437.80M. This represents a 30.19% decrease in EPS and a 0.17% increase in sales from the same period last year.
February 01, 2024 | 9:25 pm
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Matthews International reported a Q1 adjusted EPS of $0.37, in line with estimates, and sales of $449.99M, surpassing the $437.80M estimate. EPS decreased by 30.19% YOY, while sales saw a slight increase of 0.17% from the previous year.
The report shows a mixed performance with EPS meeting expectations but showing a significant year-over-year decrease, which could concern investors. However, the slight increase in sales and beating sales estimates might offset negative sentiment, leading to a neutral short-term impact on the stock price.
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IMPORTANCE 75
RELEVANCE 100