BlueLinx Hldgs Q1 2024 Adj EPS $2.14 Beats $1.35 Estimate, Sales $726.000M Beat $701.669M Estimate
Portfolio Pulse from Benzinga Newsdesk
BlueLinx Holdings (BXC) reported Q1 2024 adjusted EPS of $2.14, surpassing the $1.35 estimate, with sales of $726M also beating the $701.669M estimate. However, this represents a 9.01% decrease in sales compared to the same period last year.
April 30, 2024 | 8:08 pm
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BlueLinx Holdings reported a significant beat on both earnings and sales estimates for Q1 2024, with an adjusted EPS of $2.14 against a $1.35 estimate and sales of $726M against a $701.669M estimate.
Beating both earnings and sales estimates significantly indicates strong operational performance and efficiency, which is likely to positively influence investor sentiment and stock price in the short term. However, the noted decrease in sales year-over-year might temper some of the positive momentum, but the substantial beat on expectations should outweigh this concern in the short term.
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