Astronics Q4 2023 GAAP EPS $0.20 Beats $0.15 Estimate, Sales $195.29M Beat $189.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Astronics Corporation (ATRO) reported Q4 2023 earnings of $0.20 per share, surpassing the consensus estimate of $0.15 by 33.33%. Quarterly sales reached $195.29 million, exceeding expectations of $189.80 million by 2.89% and marking a 23.48% increase from the previous year.
February 28, 2024 | 10:01 pm
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Astronics Corporation reported higher than expected Q4 2023 earnings and sales, indicating strong financial performance.
Astronics' earnings and sales for Q4 2023 exceeded analyst expectations, which typically leads to positive investor sentiment and could result in a short-term increase in stock price. The significant beat on both earnings per share and sales, coupled with a substantial year-over-year sales growth, highlights the company's strong performance and operational efficiency.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100