ABM Indus Q1 Adj EPS $0.86 Beats $0.71 Estimate, Sales $2.07B Beat $2.01B Estimate
Portfolio Pulse from Benzinga Newsdesk
ABM Industries (ABM) reported Q1 adjusted EPS of $0.86, surpassing the $0.71 estimate, and sales of $2.07B, exceeding the $2.01B estimate. This represents an 8.86% increase in earnings and a 3.90% increase in sales compared to the same period last year.
March 07, 2024 | 11:59 am
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ABM Industries reported a strong Q1 with adjusted EPS of $0.86 and sales of $2.07B, both exceeding analyst estimates.
ABM Industries' Q1 earnings and sales not only surpassed analyst expectations but also showed significant year-over-year growth. This positive performance is likely to instill investor confidence and could lead to a short-term uptick in ABM's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100