MillerKnoll Q3 2024 Adj EPS $0.45 Beats $0.44 Estimate, Sales $872.300M Miss $909.500M Estimate
Portfolio Pulse from Benzinga Newsdesk
MillerKnoll reported Q3 2024 adjusted EPS of $0.45, surpassing the $0.44 estimate, but its sales of $872.3M fell short of the $909.5M forecast, marking an 11.41% decrease from the previous year.
March 27, 2024 | 8:08 pm
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NEUTRAL IMPACT
MillerKnoll's Q3 2024 earnings beat EPS estimates but missed on sales, with a significant year-over-year decrease.
While beating EPS estimates typically has a positive impact on stock prices, missing sales forecasts and reporting a significant year-over-year decrease could temper investor enthusiasm. The mixed results suggest a neutral short-term impact as investors weigh the positives against the negatives.
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