Rush Enterprises Q3 EPS $0.97 Beats $0.82 Estimate, Sales $1.90B Beat $1.84B Estimate
Portfolio Pulse from Benzinga Newsdesk
Rush Enterprises reported Q3 earnings of $0.97 per share, surpassing the $0.82 estimate, and sales of $1.90 billion, exceeding the $1.84 billion estimate. Despite beating estimates, sales decreased by 4.29% compared to last year.
October 29, 2024 | 9:46 pm
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Rush Enterprises reported better-than-expected Q3 earnings and sales, with EPS at $0.97 beating the $0.82 estimate and sales at $1.90B surpassing the $1.84B estimate. However, sales declined by 4.29% year-over-year.
The positive earnings surprise and sales beat are likely to have a favorable impact on RUSHA's stock price in the short term. However, the year-over-year sales decline may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100