Sandvik Q3 Adj. EPS $0.28 Misses $0.30 Estimate, Sales $2.91B Miss $3.01B Estimate
Portfolio Pulse from Benzinga Newsdesk
Sandvik reported Q3 adjusted EPS of $0.28, missing the $0.30 estimate, and sales of $2.91B, missing the $3.01B estimate. Both figures show a slight decrease from the previous year.
October 21, 2024 | 9:36 am
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NEGATIVE IMPACT
Sandvik's Q3 earnings and sales both missed analyst estimates, with EPS at $0.28 and sales at $2.91B. This represents a slight decline from the previous year, potentially impacting investor sentiment negatively.
The earnings per share and sales figures both missed analyst expectations, which is typically viewed negatively by investors. The slight decline from the previous year further adds to the negative sentiment, likely leading to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100