Valvoline Q1 Adj. EPS $0.29 In Line With Estimate, Sales $373.40M Miss $380.305M Estimate
Portfolio Pulse from Benzinga Newsdesk
Valvoline (NYSE:VVV) reported Q1 adjusted EPS of $0.29, in line with estimates, and sales of $373.40M, missing estimates by 1.30%. Year-over-year, earnings increased by 81.25% and sales by 12.20%.
February 06, 2024 | 12:08 pm
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Valvoline reported Q1 adjusted EPS of $0.29, aligning with estimates, but sales of $373.40M fell short of the $378.33M estimate. Earnings saw an 81.25% increase from the previous year, while sales grew by 12.20%.
While Valvoline's EPS met analyst expectations, the slight miss in sales estimates could temper investor enthusiasm, leading to a neutral short-term impact on the stock price. The significant year-over-year growth in both earnings and sales, however, underscores the company's strong performance and could mitigate any negative reaction.
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