Vector Group: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Vector Group (NYSE:VGR) reported Q4 earnings with an EPS of $0.36, beating estimates by 12.5% but with a revenue decrease of $3.42 million from the previous year. Despite missing EPS estimates last quarter, the share price increased by 2.63% the following day. The company's past earnings performance shows a mixed trend in meeting EPS estimates.
February 13, 2024 | 9:40 pm
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Vector Group reported higher than expected Q4 earnings with an EPS of $0.36, surpassing estimates by 12.5%, but saw a decrease in revenue compared to last year.
The positive earnings surprise of 12.5% for Vector Group is likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price, similar to the 2.63% rise after the last earnings miss. However, the decrease in revenue could temper some of the enthusiasm, making the overall impact positive but with caution.
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