Middleby Q4 Adj. EPS $2.65 Beats $2.44 Estimate, Sales $1.01B Miss $1.02B Estimate
Portfolio Pulse from Benzinga Newsdesk
Middleby (NASDAQ:MIDD) reported Q4 adjusted EPS of $2.65, surpassing the $2.44 estimate, marking an 8.61% beat and a 3.11% increase from last year's $2.57. However, its quarterly sales of $1.01B fell short of the $1.02B estimate by 0.97%, representing a 2.33% decrease from the previous year's $1.03B.
February 20, 2024 | 12:03 pm
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Middleby's Q4 earnings surpassed estimates with an EPS of $2.65, but sales slightly missed expectations at $1.01B.
Middleby's mixed Q4 results, with an earnings beat but a slight miss in sales, could lead to neutral short-term stock price movement. The earnings beat is positive, but the sales miss, especially being close to estimates, suggests a balanced impact on investor sentiment.
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