L.B. Foster Q1 2024 GAAP EPS $0.40 Beats $(0.03) Estimate, Sales $124.320M Beat $114.513M Estimate
Portfolio Pulse from Benzinga Newsdesk
L.B. Foster (NASDAQ:FSTR) reported Q1 2024 earnings of $0.40 per share, surpassing the $(0.03) estimate, marking a 1433.33% beat and a 300% increase from last year's $(0.20) per share loss. Sales reached $124.320M, exceeding the $114.513M estimate by 8.56% and showing a 7.65% increase from the previous year.
May 07, 2024 | 12:01 pm
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L.B. Foster reported a significant earnings beat for Q1 2024 with EPS of $0.40, far exceeding the $(0.03) estimate, and sales of $124.320M, surpassing estimates by 8.56%.
The substantial beat on both earnings per share and sales estimates for L.B. Foster indicates strong financial performance and operational efficiency, likely leading to positive investor sentiment and potential short-term stock price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100