DMC Glb Q1 2024 Adj EPS $0.21 Beats $0.20 Estimate, Sales $166.869M Miss $172.767M Estimate
Portfolio Pulse from Benzinga Newsdesk
DMC Global (NASDAQ:BOOM) reported Q1 2024 adjusted EPS of $0.21, surpassing the $0.20 estimate, but its sales of $166.869M fell short of the $172.767M forecast. This represents a 34.38% decrease in earnings and a 9.48% drop in sales from the same period last year.
May 02, 2024 | 8:39 pm
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DMC Global reported a mixed Q1 2024 with earnings beating estimates but sales missing expectations, indicating potential volatility in its stock price.
The mixed earnings report from DMC Global, with an earnings beat but a miss on sales, could lead to short-term volatility in its stock price. Investors may react positively to the earnings beat, but concerns over the sales miss and year-over-year declines could temper gains.
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