H.B. Fuller Q1 Adj EPS $0.67 Beats $0.64 Estimate, Sales $810.42M Miss $825.03M Estimate
Portfolio Pulse from Benzinga Newsdesk
H.B. Fuller (NYSE:FUL) reported Q1 adjusted earnings of $0.67 per share, surpassing the consensus estimate of $0.64, a 21.82% increase from last year. However, sales of $810.42M fell short of the $825.03M estimate, marking a slight 0.15% increase from the previous year.
March 27, 2024 | 8:06 pm
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H.B. Fuller reported a Q1 adjusted EPS of $0.67, beating estimates, with a 21.82% YOY increase. However, sales of $810.42M missed estimates, showing a marginal 0.15% YOY growth.
The positive earnings beat suggests operational efficiency and could boost investor confidence, potentially leading to a positive short-term impact on FUL's stock price. However, the slight miss in sales forecasts could temper gains, leading to a neutral overall short-term impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100