UFP Techs Q1 2024 GAAP EPS $1.64 Beats $1.10 Estimate, Sales $105.000M Beat $97.300M Estimate
Portfolio Pulse from Benzinga Newsdesk
UFP Technologies (NASDAQ:UFPT) reported Q1 2024 earnings of $1.64 per share, surpassing the consensus estimate of $1.10 by 49.09%. Quarterly sales reached $105 million, exceeding estimates of $97.3 million by 7.91% and marking a 7.41% increase from the previous year.
May 01, 2024 | 1:18 pm
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UFP Technologies exceeded Q1 2024 earnings and sales estimates, with EPS at $1.64 and sales of $105M, indicating strong financial performance.
The significant beat on both earnings per share and sales estimates for Q1 2024 suggests a robust financial health and operational efficiency of UFP Technologies. This outperformance, especially when surpassing estimates by a wide margin, is likely to instill investor confidence and could lead to a positive short-term price movement for UFPT stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100