Knife River Holding Q1 2024 GAAP EPS $(0.84) Beats $(0.86) Estimate, Sales $329.600M Beat $300.984M Estimate
Portfolio Pulse from Benzinga Newsdesk
Knife River Holding (NYSE:KNF) reported Q1 2024 earnings with a GAAP EPS of $(0.84), surpassing the $(0.86) estimate. Sales reached $329.600M, exceeding the $300.984M forecast by 9.51%.

May 07, 2024 | 10:05 am
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Knife River Holding reported better-than-expected Q1 2024 earnings and sales, indicating a positive performance against market expectations.
Beating both EPS and sales estimates typically indicates a company's operational strength and can lead to positive investor sentiment. Despite reporting a loss, the fact that Knife River Holding exceeded expectations on both fronts suggests a potential positive short-term impact on its stock price.
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