West Fraser Timber Q1 2024 GAAP EPS $0.42 Misses $0.46 Estimate, Sales $1.627B Beat $1.465B Estimate
Portfolio Pulse from Benzinga Newsdesk
West Fraser Timber (NYSE:WFG) reported Q1 2024 earnings of $0.42 per share, missing the consensus estimate of $0.46 by 8.7%. However, their quarterly sales of $1.627 billion exceeded the estimate of $1.465 billion by 11.03%, aligning with the performance from the same period last year.
April 23, 2024 | 9:11 pm
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West Fraser Timber's Q1 2024 earnings missed EPS estimates but beat sales forecasts, showing mixed financial performance.
The miss in EPS might concern some investors, potentially putting downward pressure on the stock. However, the significant beat in sales forecasts could offset concerns by indicating strong revenue generation capability. The mixed results make the short-term impact neutral as investors digest both aspects of the report.
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