ARC Document Solutions Q4 2023 Adj EPS $0.05 Misses $0.06 Estimate, Sales $68.88M Beat $67.63M Estimate
Portfolio Pulse from Benzinga Newsdesk
ARC Document Solutions reported Q4 2023 adjusted EPS of $0.05, missing the $0.06 estimate, but sales of $68.88M exceeded the $67.63M estimate, marking a slight increase over the previous year.
February 28, 2024 | 9:16 pm
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ARC Document Solutions missed EPS estimates but exceeded sales forecasts in Q4 2023, showing a slight year-over-year growth.
Missing the EPS estimate could negatively impact investor sentiment, but exceeding sales forecasts and showing year-over-year growth could counterbalance this effect. The mixed results make the short-term impact neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100