Strattec Security Q3 2024 GAAP EPS $0.37 Beats $0.10 Estimate, Sales $140.773M Beat $129.419M Estimate
Portfolio Pulse from Benzinga Newsdesk
Strattec Security (NASDAQ:STRT) reported Q3 2024 earnings of $0.37 per share, surpassing the $0.10 estimate, marking a 270% beat and a significant turnaround from last year's $(0.57) loss per share. Sales reached $140.773M, exceeding estimates by 8.77% and showing a 10.69% increase from the previous year.
May 09, 2024 | 9:00 pm
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Strattec Security reported a significant earnings beat with Q3 2024 EPS at $0.37, far exceeding the $0.10 estimate, and sales of $140.773M surpassing expectations.
The substantial beat on both earnings per share and sales estimates indicates a strong financial performance and operational efficiency, likely leading to positive investor sentiment and potential stock price appreciation in the short term.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100