Matthews International: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
Matthews International (NASDAQ:MATW) reported Q1 earnings with an EPS of $0.37, matching estimates. Revenue increased by $746 thousand year-over-year. Despite beating EPS estimates in the previous quarter, MATW's share price dropped by 3.85% the following day. Historical earnings data shows fluctuating performance over the past year.
February 01, 2024 | 9:30 pm
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Matthews International reported Q1 earnings with an EPS of $0.37, in line with estimates, and a slight revenue increase from the previous year.
Matthews International's Q1 earnings report showed an EPS in line with estimates and a modest year-over-year revenue increase. Historically, the company's stock price dropped following an earnings beat last quarter, suggesting a potentially cautious market reaction this time. However, the exact impact on the stock price in the short term is uncertain, given the in-line earnings and slight revenue growth, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100