Ducommun Q1 2024 Adj EPS $0.70 Beats $0.57 Estimate, Sales $190.847M Beat $189.222M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ducommun (NYSE:DCO) reported Q1 2024 adjusted EPS of $0.70, surpassing the $0.57 estimate, marking a 22.81% beat and an 11.11% increase from the previous year. Sales reached $190.847M, exceeding estimates by 0.86% and showing a 5.33% year-over-year growth.
May 08, 2024 | 10:37 am
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Ducommun reported a significant beat on both EPS and sales estimates for Q1 2024, indicating strong financial performance and growth.
Beating both EPS and sales estimates by a notable margin suggests strong operational efficiency and market demand for Ducommun's offerings. This performance, especially the year-over-year growth in earnings and sales, is likely to positively influence investor sentiment and could lead to a short-term uptick in DCO's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100