Granite Construction Q4 Adj. EPS $0.82 Misses $0.88 Estimate, Sales $933.70M Beat $838.89M Estimate
Portfolio Pulse from Benzinga Newsdesk
Granite Construction (NYSE:GVA) reported Q4 adjusted EPS of $0.82, missing the $0.88 estimate, but sales of $933.70M exceeded the $838.89M estimate. This represents a 46.43% increase in earnings and an 18.31% increase in sales from the same period last year.
February 22, 2024 | 11:50 am
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Granite Construction reported a mixed Q4 with an EPS miss but a sales beat, showing significant growth compared to last year.
The mixed results with an EPS miss but a sales beat could lead to neutral short-term stock price movement. The significant year-over-year growth in both earnings and sales indicates strong operational performance, which might offset the negative impact of the EPS miss.
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RELEVANCE 100