Brunswick Q1 Adj $1.35, Sales $1.36B, Both Inline
Portfolio Pulse from Benzinga Newsdesk
Brunswick Corporation (NYSE:BC) reported Q1 earnings of $1.35 per share, matching analyst expectations but marking a 47.47% decrease from last year's $2.57 per share. Quarterly sales were $1.36 billion, also in line with forecasts, yet representing a 21.71% decline from the previous year's $1.74 billion.
April 25, 2024 | 10:16 am
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Brunswick Corporation reported Q1 earnings per share of $1.35 and sales of $1.36 billion, both meeting analyst expectations but showing significant declines from the previous year.
The reported earnings and sales, while in line with analyst expectations, represent significant year-over-year declines. A 47.47% decrease in earnings per share and a 21.71% decrease in sales could negatively impact investor sentiment and stock price in the short term, despite meeting forecasts.
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