Mayville Engineering Q1 2024 Adj EPS $0.22 Beats $0.18 Estimate, Sales $161.269M Beat $159.347M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mayville Engineering (NYSE:MEC) reported Q1 2024 adjusted EPS of $0.22, surpassing the $0.18 estimate, with sales of $161.269M also beating the $159.347M forecast. This represents a 29.41% increase in earnings and a 13.06% increase in sales from the same period last year.
May 07, 2024 | 9:40 pm
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Mayville Engineering reported a significant beat on both earnings and sales estimates for Q1 2024, indicating strong financial performance.
Beating both earnings and sales estimates by notable margins suggests a robust financial health and operational efficiency, which typically leads to positive investor sentiment and could drive the stock price up in the short term.
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