MDU Resources Gr Q4 2023 Adj EPS $0.48 Misses $0.49 Estimate, Sales $1.14B Miss $1.23B Estimate
Portfolio Pulse from Benzinga Newsdesk
MDU Resources Gr reported Q4 2023 adjusted EPS of $0.48, missing the $0.49 estimate, and sales of $1.14B, missing the $1.23B estimate. This represents a 38.95% decrease in sales compared to the same period last year.
February 08, 2024 | 1:50 pm
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MDU Resources Gr reported lower than expected Q4 2023 earnings and sales, with a significant year-over-year decrease in sales.
Missing both earnings and sales estimates, especially with a significant year-over-year sales decrease, typically leads to negative investor sentiment and could result in a short-term decrease in stock price.
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