Kennametal Q3 EPS $0.24 Misses $0.31 Estimate, Sales $515.79M Miss $518.44M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kennametal (NYSE:KMT) reported Q3 earnings of $0.24 per share, missing the consensus estimate of $0.31, and sales of $515.79M, missing the estimate of $518.44M. This represents a decrease from the previous year's earnings and sales.
May 08, 2024 | 10:33 am
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Kennametal reported lower than expected Q3 earnings and sales, missing analyst estimates.
Missing both earnings and sales estimates, especially with a significant decrease from the previous year, is likely to negatively impact investor sentiment and the stock price of Kennametal in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100