Core & Main Q4 EPS $0.34 Misses $0.35 Estimate, Sales $1.44B Beat $1.43B Estimate
Portfolio Pulse from Benzinga Newsdesk
Core & Main (NYSE:CNM) reported Q4 earnings of $0.34 per share, missing the consensus estimate of $0.35 by 2.86%. However, their quarterly sales of $1.44B exceeded the estimate of $1.43B by 0.70%, marking a 4.80% increase from the previous year.
March 19, 2024 | 11:31 am
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Core & Main reported Q4 EPS of $0.34, missing estimates by 2.86%, but sales of $1.44B exceeded expectations, showing a 4.80% year-over-year increase.
The slight miss in EPS might concern some investors, potentially putting downward pressure on CNM's stock in the short term. However, the beat on sales and the year-over-year growth could counterbalance this by signaling strong operational performance and market demand. The mixed results make the short-term impact neutral, as investors weigh the EPS miss against the sales beat and growth.
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