Pool Q4 EPS $1.32 Beats $1.25 Estimate, Sales $1.00B Miss $1.02B Estimate
Portfolio Pulse from Benzinga Newsdesk
Pool Corporation (NASDAQ:POOL) reported Q4 earnings of $1.32 per share, surpassing the consensus estimate of $1.25 by 5.6%. However, their quarterly sales of $1.00 billion fell short of the $1.02 billion estimate, marking an 8.49% decrease from the previous year.
February 22, 2024 | 12:06 pm
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Pool Corporation reported higher-than-expected Q4 earnings but missed revenue estimates, with a significant year-over-year decrease in sales.
While the earnings per share (EPS) beat may provide a short-term positive sentiment, the miss on revenue estimates and the significant decrease in sales year-over-year could temper investor enthusiasm. The mixed results present a neutral outlook in the short term as investors weigh the positive EPS against the negative sales performance.
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