KONE Q3 2024 GAAP EPS $0.26 Misses $0.28 Estimate, Sales $3.026B Miss $3.109B Estimate
Portfolio Pulse from Benzinga Newsdesk
KONE reported Q3 2024 earnings per share of $0.26, missing the analyst estimate of $0.28. Sales were $3.026 billion, below the expected $3.109 billion. Both figures show slight growth from the previous year.
October 24, 2024 | 10:37 am
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NEGATIVE IMPACT
KONE's Q3 2024 earnings and sales both missed analyst estimates, with EPS at $0.26 and sales at $3.026 billion. This may negatively impact the stock price in the short term.
KONE's earnings per share and sales figures both fell short of analyst expectations, which typically results in negative investor sentiment and potential short-term stock price decline. The miss in both key financial metrics suggests potential challenges in meeting market expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100