Nidec Q1 EPS $0.16 Beats $0.13 Estimate, Sales $4.16B Beat $4.05B Estimate
Portfolio Pulse from Benzinga Newsdesk
Nidec (OTC:NJDCY) reported Q1 earnings per share of $0.16, beating the analyst estimate of $0.13. Sales were $4.16 billion, also surpassing the $4.05 billion estimate. Despite the beats, EPS decreased by 20% year-over-year.
July 24, 2024 | 6:13 am
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Nidec reported Q1 EPS of $0.16, beating the $0.13 estimate, and sales of $4.16 billion, beating the $4.05 billion estimate. However, EPS decreased by 20% year-over-year.
Nidec's Q1 earnings and sales both beat analyst estimates, which is positive news. However, the year-over-year decrease in EPS may temper investor enthusiasm. Overall, the short-term impact is likely positive due to the earnings and sales beats.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100