SKF Q3 EPS Adj. $0.39 Beats $0.35 Estimate, Sales $2.27B Miss $2.44B Estimate
Portfolio Pulse from Benzinga Newsdesk
SKF reported Q3 adjusted EPS of $0.39, beating the $0.35 estimate, but sales of $2.27B missed the $2.44B estimate. EPS decreased by 7.14% from last year, and sales decreased by 4.61%.
October 30, 2024 | 6:28 am
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SKF's Q3 adjusted EPS of $0.39 beat expectations, but sales of $2.27B fell short. EPS decreased by 7.14% YoY, and sales decreased by 4.61%.
While SKF's EPS beat expectations, the miss on sales and the year-over-year decline in both EPS and sales suggest mixed results. This could lead to a neutral short-term impact on the stock price as investors weigh the positive EPS against the negative sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100