Recap: John Bean Techs Q4 Earnings
Portfolio Pulse from Benzinga Insights
John Bean Techs (NYSE:JBT) reported Q4 earnings with an EPS of $1.4, beating estimates by 2.94% but with a revenue decrease of $154.50 million from the previous year. The company has a history of beating EPS estimates, which previously led to a 10.04% share price increase the following day.
February 20, 2024 | 9:40 pm
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John Bean Techs reported a Q4 EPS of $1.4, surpassing estimates by 2.94%, but saw a significant revenue drop from the previous year.
The positive earnings surprise of 2.94% for JBT could lead to a short-term positive impact on the stock price, similar to the past quarter's 10.04% increase following an EPS beat. However, the significant revenue drop could temper investor enthusiasm, making the overall short-term impact likely positive but with caution.
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