Core & Main Q1 EPS $0.49 Misses $0.52 Estimate, Sales $1.74B Beat $1.72B Estimate
Portfolio Pulse from Benzinga Newsdesk
Core & Main (NYSE:CNM) reported Q1 earnings per share (EPS) of $0.49, missing the analyst estimate of $0.52. However, the company beat sales estimates with $1.74 billion, a 10.61% increase from the same period last year.
June 04, 2024 | 11:31 am
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Core & Main reported Q1 EPS of $0.49, missing the $0.52 estimate, but beat sales estimates with $1.74 billion, a 10.61% increase YoY.
The mixed results, with EPS missing but sales beating estimates, suggest a neutral short-term impact on CNM's stock price. Investors may weigh the earnings miss against the strong sales growth.
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