Acme United Q1 EPS $0.39 Beats $0.36 Estimate, Sales $44.96M Miss $48.58M Estimate
Portfolio Pulse from Benzinga Newsdesk
Acme United (AMEX:ACU) reported Q1 earnings of $0.39 per share, beating the $0.36 estimate, but missed sales estimates with $44.96M against the expected $48.58M. This represents a 39.29% increase in EPS from last year but a 1.92% decrease in sales.
April 19, 2024 | 1:06 pm
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Acme United reported a strong earnings per share increase but missed on sales estimates for Q1.
The positive earnings beat may support investor confidence and potentially offset concerns over the sales miss in the short term. However, the missed sales target could indicate underlying challenges in revenue growth, creating a mixed impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100