SPX Techs Q4 2023 Adj EPS $1.25 Misses $1.26 Estimate, Sales $469.40M Miss $481.94M Estimate
Portfolio Pulse from Benzinga Newsdesk
SPX Techs (NYSE:SPXC) reported Q4 2023 adjusted EPS of $1.25, missing the $1.26 estimate, and sales of $469.40M, missing the $481.94M estimate. This represents a 9.34% increase in sales compared to the same period last year.
February 22, 2024 | 9:10 pm
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SPX Techs reported Q4 2023 adjusted EPS of $1.25, missing estimates by $0.01, and sales of $469.40M, missing estimates by $12.54M. Year-over-year sales increased by 9.34%.
Missing both EPS and sales estimates typically has a negative short-term impact on a company's stock price. However, the year-over-year sales growth might mitigate some of the negative sentiment.
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