Carter's Q3 Adj $1.64 Beats $1.39 Estimate, Sales $758.46M Beat $755.61M Estimate
Portfolio Pulse from Benzinga Newsdesk
Carter's reported Q3 earnings of $1.64 per share, surpassing the $1.40 estimate, despite a year-over-year decrease. Sales also exceeded expectations at $758.46M, though they were down from last year.
October 25, 2024 | 10:13 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Carter's Q3 earnings per share of $1.64 beat the estimate of $1.40, but were down from $1.84 last year. Sales of $758.46M also exceeded expectations but decreased from $791.65M last year.
Carter's exceeded analyst expectations for both earnings and sales, which is typically positive for stock prices. However, the year-over-year decline in both metrics may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100