UFP Industries Q3 EPS $1.64 Misses $1.89 Estimate, Sales $1.65B Miss $1.76B Estimate
Portfolio Pulse from Benzinga Newsdesk
UFP Industries reported Q3 earnings per share of $1.64, missing the analyst estimate of $1.89, and sales of $1.65 billion, below the expected $1.76 billion. Both figures represent declines from the previous year.
October 28, 2024 | 8:17 pm
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NEGATIVE IMPACT
UFP Industries reported Q3 earnings and sales that missed analyst estimates, with EPS at $1.64 and sales at $1.65 billion, both down from the previous year.
The earnings per share and sales figures both missed analyst expectations, which is likely to negatively impact the stock price in the short term. The significant year-over-year decline in both metrics further exacerbates the negative sentiment.
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