Quad/Graphics Q3 2024 Adj. EPS $0.26 Beats $0.23 Estimate, Sales $674.800M Beat $662.950M Estimate
Portfolio Pulse from Benzinga Newsdesk
Quad/Graphics reported Q3 2024 earnings of $0.26 per share, surpassing the $0.23 estimate, and sales of $674.8M, beating the $662.95M estimate. Despite the earnings beat, sales decreased by 3.63% compared to the same period last year.
October 29, 2024 | 5:50 am
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Quad/Graphics reported better-than-expected Q3 2024 earnings and sales, with EPS at $0.26 beating the $0.23 estimate. Sales were $674.8M, above the $662.95M estimate, but down 3.63% YoY.
The earnings and sales beat expectations, which is typically positive for stock prices. However, the YoY sales decline may temper enthusiasm. Overall, the positive earnings surprise is likely to have a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100