Recap: BlueLinx Hldgs Q4 Earnings
Portfolio Pulse from Benzinga Insights
BlueLinx Holdings (NYSE:BXC) reported Q4 earnings with an EPS of $2.94, surpassing estimates by 76.05% but with a revenue decrease of $135.24 million year-over-year. The company has a history of beating EPS estimates, which previously led to an 8.49% share price increase the day after last quarter's earnings announcement.
February 20, 2024 | 9:30 pm
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BlueLinx Holdings reported a significant beat on Q4 earnings with an EPS of $2.94 against estimates of $1.67, but saw a decrease in revenue compared to last year.
BlueLinx Holdings' substantial beat on EPS estimates is likely to positively impact investor sentiment, as historical data shows a correlation between earnings beats and subsequent stock price increases. However, the decrease in revenue year-over-year introduces a note of caution, potentially moderating the positive impact on the stock price.
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