Vulcan Materials Q1 2024 Adj EPS $0.80 Beats $0.74 Estimate, Sales $1.546B Beat $1.487B Estimate
Portfolio Pulse from Benzinga Newsdesk
Vulcan Materials (VMC) reported Q1 2024 adjusted EPS of $0.80, surpassing the $0.74 estimate, with sales of $1.546B also beating the $1.487B estimate. However, this represents a 15.79% decrease in earnings and a 6.25% decrease in sales from the same period last year.
May 02, 2024 | 11:35 am
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Vulcan Materials reported higher-than-expected Q1 2024 earnings and sales, with EPS at $0.80 and sales at $1.546B, beating estimates.
Beating both EPS and sales estimates typically has a positive impact on investor sentiment and can lead to a short-term increase in stock price. However, the year-over-year declines in earnings and sales might temper some of the positive momentum, suggesting a cautious optimism.
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IMPORTANCE 90
RELEVANCE 100