Ryerson Holding Q3 Sales $1.126B Beat $1.12B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ryerson Holding reported Q3 sales of $1.126 billion, surpassing the analyst estimate of $1.12 billion, despite a 9.70% decrease from the previous year.
October 29, 2024 | 8:23 pm
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Ryerson Holding's Q3 sales of $1.126 billion exceeded analyst expectations of $1.12 billion, although sales decreased by 9.70% compared to last year.
The company's ability to surpass sales estimates is a positive indicator for investors, suggesting better-than-expected performance. However, the year-over-year decline in sales may temper enthusiasm. Overall, the beat on estimates is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100