Arthur J. Gallagher Q3 Adj $2.26 Misses $2.27 Estimate, Sales $2.81B Beat $2.78B Estimate
Portfolio Pulse from Benzinga Newsdesk
Arthur J. Gallagher reported Q3 earnings of $2.26 per share, missing the $2.27 estimate, but sales of $2.81B beat the $2.78B estimate. Earnings increased by 13% and sales by 12.63% compared to last year.
October 24, 2024 | 8:16 pm
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NEUTRAL IMPACT
Arthur J. Gallagher's Q3 earnings slightly missed estimates, but sales exceeded expectations. Both earnings and sales showed significant year-over-year growth.
The slight miss in earnings per share by $0.01 is offset by the sales beat and strong year-over-year growth in both earnings and sales. This mixed result may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100