Barnes Gr Q4 Adj EPS $0.41 Beats $0.35 Estimate, Sales $415.54M Miss $420.47M Estimate
Portfolio Pulse from Benzinga Newsdesk
Barnes Group (NYSE:B) reported Q4 adjusted EPS of $0.41, surpassing the $0.35 estimate, but sales of $415.54M fell short of the $420.47M estimate. This represents a 21.15% decrease in earnings and a 32.56% increase in sales from the same period last year.
February 16, 2024 | 11:31 am
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Barnes Group reported a mixed Q4 with adjusted EPS beating estimates but sales missing expectations. Earnings decreased by 21.15% YOY, while sales increased by 32.56%.
The mixed results with an earnings beat but a slight miss on sales could lead to neutral short-term stock price movement. The significant YOY sales increase may offset concerns about the earnings decrease and sales miss.
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IMPORTANCE 90
RELEVANCE 100