Global Industrial Q3 EPS $0.44 Misses $0.58 Estimate, Sales $342.40M Miss $356.37M Estimate
Portfolio Pulse from Benzinga Newsdesk
Global Industrial (NYSE:GIC) reported Q3 earnings of $0.44 per share, missing the $0.58 estimate and showing an 18.52% decrease from last year. Sales were $342.40M, below the $356.37M estimate and down 3.44% from last year.
October 29, 2024 | 9:03 pm
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NEGATIVE IMPACT
Global Industrial's Q3 earnings and sales both missed analyst estimates, with EPS at $0.44 vs. $0.58 expected and sales at $342.40M vs. $356.37M expected. This reflects a decline from the previous year.
The significant miss on both earnings per share and sales compared to analyst estimates, along with a year-over-year decline, suggests a negative short-term impact on Global Industrial's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100