Timken Q1 2024 Adj EPS $1.77 Beats $1.51 Estimate, Sales $1.190 Miss $1.150B Estimate
Portfolio Pulse from Benzinga Newsdesk
Timken (NYSE:TKR) reported Q1 2024 adjusted EPS of $1.77, surpassing the $1.51 estimate, but its sales of $1.190B missed the $1.150B estimate, marking a 100% decrease from $1.263B in the same period last year.
April 30, 2024 | 10:53 am
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Timken reported a higher-than-expected Q1 2024 EPS of $1.77 but missed sales estimates, with a significant decrease compared to last year.
While Timken's EPS beat may positively impact investor sentiment due to better-than-expected profitability, the significant sales miss and year-over-year decrease could raise concerns about revenue growth and market demand, potentially offsetting the positive EPS impact.
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