ACCO Brands Q4 2023 Adj EPS $0.39 Beats $0.33 Estimate, Sales $488.60M Beat $476.37M Estimate
Portfolio Pulse from Benzinga Newsdesk
ACCO Brands reported Q4 2023 adjusted EPS of $0.39, surpassing the $0.33 estimate, with sales of $488.60M also beating the $476.37M estimate. However, this represents a 2.16% decrease in sales compared to the same period last year.
February 22, 2024 | 9:02 pm
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ACCO Brands exceeded Q4 2023 earnings and sales expectations, reporting an adjusted EPS of $0.39 against a $0.33 estimate and sales of $488.60M against a $476.37M estimate, despite a slight year-over-year sales decline.
Beating both earnings and sales estimates typically has a positive impact on a company's stock price in the short term, as it indicates operational efficiency and market performance exceeding analyst expectations. However, the slight year-over-year sales decrease might temper investor enthusiasm, moderating the positive impact.
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