Stantec Q4 Sales $912.70M Beat $908.67M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stantec (NYSE:STN) reported Q4 sales of $912.70M, surpassing the analyst consensus estimate of $908.67M by 0.44% and marking an 8.45% increase from the same period last year.
February 28, 2024 | 10:09 pm
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Stantec reported Q4 sales of $912.70M, exceeding estimates and showing significant year-over-year growth.
Beating sales estimates and showing year-over-year growth are positive indicators for a company's financial health and often lead to positive investor sentiment. This can result in a short-term increase in stock price as the market reacts to the better-than-expected performance.
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