Luxfer Holdings Q1 2024 Adj EPS $0.15 Beats $0.08 Estimate, Sales $89.400M Beat $82.900M Estimate
Portfolio Pulse from Benzinga Newsdesk
Luxfer Holdings (NYSE:LXFR) reported Q1 2024 adjusted EPS of $0.15, surpassing the $0.08 estimate, with sales of $89.4M also beating the $82.9M forecast. However, these figures represent a decrease from the previous year, with earnings down 25% and sales down 11.75%.
April 30, 2024 | 9:02 pm
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Luxfer Holdings reported a significant beat on both earnings and sales estimates for Q1 2024, with adjusted EPS at $0.15 against an $0.08 estimate and sales of $89.4M against an $82.9M estimate.
Beating both earnings and sales estimates significantly, especially in a challenging economic environment, is likely to be viewed positively by investors. The year-on-year declines are a concern but the immediate positive reaction to beating estimates could outweigh the negative impact of the declines in the short term.
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IMPORTANCE 90
RELEVANCE 100