Griffon Q3 2024 Adj. EPS $1.24 Misses $1.31 Estimate, Sales $647.800M Miss $688.940M Estimate
Portfolio Pulse from Benzinga Newsdesk
Griffon (NYSE:GFF) reported Q3 2024 adjusted EPS of $1.24, missing the analyst estimate of $1.31. Sales were $647.8 million, also below the $688.94 million estimate and down 5.21% from the same period last year.
August 07, 2024 | 11:33 am
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Griffon reported Q3 2024 adjusted EPS of $1.24, missing the analyst estimate of $1.31. Sales were $647.8 million, also below the $688.94 million estimate and down 5.21% from the same period last year.
Griffon's Q3 2024 earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. The decrease in sales compared to the same period last year further adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100