Timken Q4 Adj. EPS $1.37 Beats $1.22 Estimate, Sales $1.09B Beat $1.06B Estimate
Portfolio Pulse from Benzinga Newsdesk
Timken (NYSE:TKR) reported Q4 adjusted EPS of $1.37, surpassing the $1.22 estimate, and sales of $1.09B, exceeding the $1.06B estimate. This represents a year-over-year earnings increase of 2.24% and a sales increase of 0.83%.
February 05, 2024 | 11:52 am
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Timken reported a Q4 adjusted EPS of $1.37, beating estimates, and sales of $1.09B, also above expectations. Year-over-year growth in both metrics was observed.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The reported year-over-year growth further strengthens the case for a positive outlook.
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