A. O. Smith Reports Preliminary Q3 EPS Of $0.82 (Est $0.95), Decrease Of 9% Y/Y
Portfolio Pulse from Benzinga Newsdesk
A. O. Smith reported preliminary Q3 EPS of $0.82, missing the estimated $0.95 and marking a 9% year-over-year decrease. The company anticipates continued softness in the Chinese market through 2024.
October 11, 2024 | 11:00 am
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A. O. Smith's preliminary Q3 EPS of $0.82 missed expectations of $0.95, showing a 9% decline year-over-year. The company expects ongoing challenges in the Chinese market through 2024.
The preliminary Q3 EPS miss and the year-over-year decline indicate weaker-than-expected financial performance. Additionally, the projection of continued softness in China, a significant market, suggests potential ongoing revenue challenges, likely impacting the stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100