Turning Point Brands Q1 2024 Adj EPS $0.80 Beats $0.67 Estimate, Sales $97.058M Beat $90.659M Estimate
Portfolio Pulse from Benzinga Newsdesk
Turning Point Brands (TPB) reported Q1 2024 adjusted EPS of $0.80, surpassing the $0.67 estimate, with sales of $97.058M exceeding the $90.659M forecast. This represents a 3.86% decrease in sales compared to the same period last year.
May 02, 2024 | 11:31 am
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Turning Point Brands reported a strong Q1 2024 performance with earnings and sales surpassing estimates, though sales saw a slight decrease from the previous year.
The positive earnings and sales beat indicate a strong financial performance for TPB, likely leading to a positive short-term impact on its stock price. However, the slight decrease in year-over-year sales may temper investor enthusiasm, hence the importance is not at the maximum.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100