Core Molding Technologies Q4 Adj. EPS $0.25 Beats $0.06 Estimate, Sales $73.78M Beat $70.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
Core Molding Technologies (AMEX:CMT) reported Q4 adjusted EPS of $0.25, surpassing the $0.06 estimate, with sales of $73.78M exceeding the $70.75M forecast. However, this represents a decrease from the previous year's earnings and sales.
March 12, 2024 | 12:03 pm
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Core Molding Technologies reported a significant beat on both EPS and sales estimates for Q4, though it marked a decrease from the previous year.
Beating EPS and sales estimates significantly is likely to instill investor confidence and could lead to a short-term positive impact on CMT's stock price. However, the year-on-year decline in both earnings and sales might temper some of the positive momentum.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100