Vector Group Q1 2024 Adj EPS $0.24 Misses $0.25 Estimate, Sales $324.567M Miss $333.300M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vector Group (NYSE:VGR) reported Q1 2024 adjusted EPS of $0.24, missing the $0.25 estimate, and sales of $324.567M, below the $333.300M estimate. This represents a 9.09% increase in EPS and a 2.87% decrease in sales from the same period last year.
May 01, 2024 | 8:44 pm
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Vector Group reported a Q1 2024 adjusted EPS of $0.24, missing estimates, and sales of $324.567M, also below expectations. EPS increased by 9.09% and sales decreased by 2.87% compared to last year.
Missing both EPS and sales estimates likely to negatively impact investor sentiment and stock price in the short term. The year-over-year growth in EPS may provide some support, but the decrease in sales and missed expectations could outweigh this positive aspect.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100