Graham Q3 Adj EPS $0.22 Beats $(0.03) Estimate, Sales $43.82M Beat $38.94M Estimate
Portfolio Pulse from Benzinga Newsdesk
Graham (NYSE:GHM) reported Q3 adjusted EPS of $0.22, surpassing the $(0.03) estimate, with a 833.33% beat. Year-over-year, earnings increased by 175% from $0.08 per share. Quarterly sales reached $43.82M, exceeding the $38.94M estimate by 12.53%, and marking a 9.89% increase from $39.87M in the same period last year.
February 05, 2024 | 11:31 am
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POSITIVE IMPACT
Graham's Q3 earnings and sales significantly exceeded analyst expectations, with adjusted EPS at $0.22 against a $(0.03) estimate and sales of $43.82M surpassing the $38.94M forecast.
Graham's significant beat on both earnings per share and sales estimates for Q3 indicates strong financial performance and operational efficiency, likely leading to positive investor sentiment and potential short-term stock price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100