Valvoline Q3 Adj $0.45 Misses $0.47 Estimate, Sales $421.40M Miss $424.98M Estimate
Portfolio Pulse from Benzinga Newsdesk
Valvoline (NYSE:VVV) reported Q3 earnings of $0.45 per share, missing the analyst consensus estimate of $0.47. Quarterly sales were $421.40 million, also missing the estimate of $424.98 million. Despite the misses, earnings and sales showed year-over-year increases of 4.65% and 12.01%, respectively.
August 07, 2024 | 11:05 am
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Valvoline's Q3 earnings and sales missed analyst estimates, but both showed year-over-year growth. The stock may experience short-term volatility due to the earnings miss.
Valvoline's earnings and sales both missed analyst estimates, which is likely to cause short-term negative sentiment among investors. However, the year-over-year growth in both metrics may mitigate some of the negative impact.
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