Universal Stainless Q4 EPS $0.27 Misses $0.32 Estimate, Sales $79.78M Beat $78.65M Estimate
Portfolio Pulse from Benzinga Newsdesk
Universal Stainless (NASDAQ:USAP) reported Q4 earnings of $0.27 per share, missing the consensus estimate of $0.32 by 15.62%. However, sales of $79.78M exceeded estimates of $78.65M by 1.44%, marking a 41.96% increase from the previous year.
March 28, 2024 | 10:49 am
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Universal Stainless reported lower-than-expected Q4 EPS but exceeded sales forecasts, indicating mixed financial health.
The earnings miss may concern investors about profitability, but the sales beat and significant year-over-year growth could signal strong demand and operational efficiency. The mixed results make the short-term impact neutral as investors weigh the implications.
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