Skyline Champion Q4 Adj $0.62 Misses $0.68 Estimate, Sales $536.36M Miss $560.92M Estimate
Portfolio Pulse from Benzinga Newsdesk
Skyline Champion (NYSE:SKY) reported Q4 earnings of $0.62 per share, missing the analyst estimate of $0.68. Sales were $536.36M, below the $560.92M estimate. Earnings decreased by 38% year-over-year, while sales increased by 9.12%.
May 21, 2024 | 8:11 pm
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NEGATIVE IMPACT
Skyline Champion reported Q4 earnings of $0.62 per share, missing the analyst estimate of $0.68. Sales were $536.36M, below the $560.92M estimate. Earnings decreased by 38% year-over-year, while sales increased by 9.12%.
Skyline Champion's Q4 earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. The significant year-over-year decrease in earnings further adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100