NN Q4 2023 Adj EPS $(0.10) Misses $(0.08) Estimate, Sales $112.533M Miss $113.150M Estimate
Portfolio Pulse from Benzinga Newsdesk
NN, Inc. (NASDAQ:NNBR) reported Q4 2023 adjusted EPS of $(0.10), missing the $(0.08) estimate, and sales of $112.533M, missing the $113.150M estimate. This represents a 4.64% decrease in sales compared to the same period last year.
March 11, 2024 | 9:08 pm
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NN, Inc. (NASDAQ:NNBR) missed Q4 2023 earnings and sales estimates, with a 4.64% decrease in sales year-over-year.
Missing both earnings and sales estimates, especially with a significant year-over-year decrease in sales, typically leads to negative investor sentiment and could result in a short-term decrease in stock price.
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RELEVANCE 100