CECO Environmental Q1 2024 GAAP EPS $0.11, Inline, Sales $126.332M Miss $135.714M Estimate
Portfolio Pulse from Benzinga Newsdesk
CECO Environmental (NASDAQ:CECO) reported Q1 2024 earnings of $0.11 per share, meeting analyst estimates, but missed sales forecasts with $126.332M versus the expected $135.714M. This represents a 10% increase in earnings and a 12.23% increase in sales from the same period last year.
April 30, 2024 | 11:06 am
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CECO Environmental reported Q1 2024 earnings per share of $0.11, aligning with estimates, but their sales of $126.332M missed expectations by 6.91%, despite a year-over-year growth.
CECO's earnings per share meeting expectations indicates stability, but the sales miss could concern investors about growth prospects. The mixed results suggest a neutral short-term impact on the stock price, as the earnings alignment may offset concerns from the sales miss.
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