Myers Indus Q4 Adj EPS $0.29 Beats $0.26 Estimate, Sales $191.08M Miss $196.19M Estimate
Portfolio Pulse from Benzinga Newsdesk
Myers Industries (NYSE:MYE) reported Q4 adjusted EPS of $0.29, surpassing the $0.26 estimate, but sales of $191.08M fell short of the $196.19M forecast. This represents a decrease in both earnings and sales compared to the same period last year.
March 05, 2024 | 11:31 am
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Myers Industries reported a mixed Q4 with earnings beating estimates but sales missing expectations, indicating a year-over-year decline in both metrics.
The mixed results with an earnings beat but a miss on sales could lead to neutral market sentiment in the short term. The decrease in both earnings and sales compared to the previous year might concern investors, but the earnings beat could offset some negative perceptions.
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