Superior Industries Intl Q4 2023 GAAP EPS $(0.440) Misses $(0.170) Estimate, Sales $308.600M Miss $359.567M Estimate
Portfolio Pulse from Benzinga Newsdesk
Superior Industries Intl (NYSE:SUP) reported Q4 2023 GAAP EPS of $(0.440), missing the $(0.170) estimate, with sales of $308.600M also missing the $359.567M estimate, a 23.25% decrease from the same period last year.
March 07, 2024 | 12:02 pm
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Superior Industries Intl reported a significant miss in both EPS and sales for Q4 2023, with a notable decrease in sales compared to the previous year.
The significant miss in both EPS and sales estimates, coupled with a substantial year-over-year decrease in sales, suggests potential short-term negative sentiment among investors. This could lead to downward pressure on SUP's stock price as the market absorbs the disappointing earnings report.
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