Atmus Filtration Techs Q1 2024 Adj EPS $0.60 Beats $0.55 Estimate, Sales $426.600M Beat $416.244M Estimate
Portfolio Pulse from Benzinga Newsdesk
Atmus Filtration Techs (NYSE:ATMU) reported Q1 2024 adjusted EPS of $0.60, surpassing the $0.55 estimate, and sales of $426.600M, exceeding the $416.244M estimate. This represents a 10.45% decrease in EPS and a 1.91% increase in sales year-over-year.
May 03, 2024 | 10:39 am
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Atmus Filtration Techs reported a Q1 2024 EPS of $0.60, beating estimates, and sales of $426.600M, also above expectations. Despite a year-over-year decrease in EPS, sales saw a slight increase.
Beating both EPS and sales estimates typically has a positive short-term impact on a company's stock price. Although there's a year-over-year decrease in EPS, the growth in sales and the beat on both fronts suggest a positive outlook, likely leading to an uptick in investor confidence and potentially the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100