Pentair Q1 Adj $0.94 Beats $0.90 Estimate, Sales $1.02B Beat $1.01B Estimate
Portfolio Pulse from Benzinga Newsdesk
Pentair (NYSE:PNR) reported Q1 adjusted earnings of $0.94 per share, surpassing the $0.90 estimate, and sales of $1.02B, exceeding the $1.01B estimate. This represents a 3.3% increase in earnings and a 1.17% decrease in sales from the same period last year.
April 23, 2024 | 10:58 am
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Pentair reported a Q1 earnings beat with adjusted earnings of $0.94 per share and sales of $1.02B, both surpassing analyst estimates.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The reported growth in earnings and the slight beat on sales expectations indicate strong operational performance, likely to be viewed favorably by the market.
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IMPORTANCE 90
RELEVANCE 100