ACCO Brands Q1 2024 Adj EPS $0.03 Beats $0.02 Estimate, Sales $359.00M Miss $371.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
ACCO Brands reported Q1 2024 adjusted EPS of $0.03, surpassing the $0.02 estimate, but its sales of $359.00M fell short of the $371.80M forecast, marking a 10.83% decrease from the previous year.
May 02, 2024 | 8:26 pm
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ACCO Brands exceeded EPS estimates but missed on sales forecasts for Q1 2024, with a significant year-over-year sales decline.
Beating EPS estimates could be seen positively by investors, indicating operational efficiency or cost management. However, missing sales forecasts and a notable year-over-year decline might raise concerns about revenue growth and market demand. The mixed results present a neutral outlook, as the positive EPS surprise could offset concerns about sales performance in the short term.
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