EnPro Indus Q1 2024 Adj EPS $1.57 Beats $1.54 Estimate, Sales $257.500M Miss $268.900M Estimate
Portfolio Pulse from Benzinga Newsdesk
EnPro Industries (NPO) reported Q1 2024 adjusted EPS of $1.57, surpassing the $1.54 estimate, but its sales of $257.5M fell short of the $268.9M forecast, marking an 8.88% decrease from the previous year.
May 07, 2024 | 10:31 am
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EnPro Industries reported a mixed Q1 2024 with earnings surpassing estimates but sales missing forecasts and declining year-over-year.
The positive earnings beat may provide some upward momentum for NPO's stock, but the miss on sales and the year-over-year decline could temper investor enthusiasm. The mixed results present a neutral short-term outlook as investors weigh the earnings beat against the sales miss.
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