Acushnet Hldgs Q4 EPS $(0.41) Misses $(0.38) Estimate, Sales $412.96M Miss $430.13M Estimate
Portfolio Pulse from Benzinga Newsdesk
Acushnet Holdings (GOLF) reported Q4 losses of $(0.41) per share, missing the $(0.37) estimate, with sales of $412.96M also missing the $430.13M estimate. This represents a 7.70% decrease in sales compared to the same period last year.
February 29, 2024 | 11:13 am
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NEGATIVE IMPACT
Acushnet Holdings reported lower than expected Q4 earnings and sales, missing estimates and showing a decrease in sales compared to last year.
Missing both earnings and sales estimates, especially with a significant year-on-year decrease in sales, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100