MasterBrand Q4 2023 Adj EPS $0.34 Beats $0.27 Estimate, Sales $677.10M Beat $666.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
MasterBrand (NYSE:MBC) reported Q4 2023 adjusted EPS of $0.34, surpassing the $0.27 estimate, with sales of $677.10M exceeding the $666.70M forecast. This represents a 13.68% decrease in sales compared to the same period last year.
February 26, 2024 | 9:10 pm
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MasterBrand reported Q4 2023 adjusted EPS of $0.34, beating estimates, and sales of $677.10M, also above forecasts but noted a 13.68% decrease in sales year-over-year.
Beating both EPS and sales estimates typically has a positive short-term impact on a company's stock price. However, the significant year-over-year decrease in sales might temper investor enthusiasm, suggesting a cautious optimism.
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