Marine Prods Q3 EPS $0.10 Beats $0.08 Estimate, Sales $49.85M Miss $50.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
Marine Prods (NYSE:MPX) reported Q3 earnings per share of $0.10, beating the estimate of $0.08, but sales of $49.85M missed the $50.97M estimate. Both earnings and sales decreased significantly compared to the same period last year.
October 24, 2024 | 10:50 am
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Marine Prods reported Q3 EPS of $0.10, beating estimates, but sales of $49.85M missed expectations. Both figures show a significant decline from last year.
The earnings beat is a positive sign, but the miss on sales and the significant year-over-year declines in both earnings and sales suggest mixed signals for investors. The stock price may not see significant movement as the positive EPS is offset by the sales miss and overall decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100