Matthews International Q3 2024 Adj. EPS $0.56, Inline, Sales $427.883M Miss $450.117M Estimate
Portfolio Pulse from Benzinga Newsdesk
Matthews International (NASDAQ:MATW) reported Q3 2024 earnings per share of $0.56, meeting analyst expectations. However, the company's sales of $427.883 million missed the $450.117 million estimate by 4.94%, and represented a 9.33% decrease from the same period last year.
August 01, 2024 | 8:54 pm
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Matthews International reported Q3 2024 EPS of $0.56, meeting expectations, but sales of $427.883 million missed estimates by 4.94% and were down 9.33% YoY.
While Matthews International met EPS expectations, the significant miss on sales and the year-over-year decline in revenue are likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100