Materion Q3 2024 Adj. EPS $1.41, Inline, Sales $436.715M Beat $416.400M Estimate
Portfolio Pulse from Benzinga Newsdesk
Materion reported Q3 2024 earnings per share of $1.41, meeting analyst expectations. The company's sales were $436.715 million, surpassing the $416.400 million estimate and marking an 8.35% increase from the previous year.
October 30, 2024 | 10:49 am
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POSITIVE IMPACT
Materion's Q3 2024 earnings per share met expectations at $1.41, while sales exceeded estimates by 4.88%, reaching $436.715 million. This reflects an 8.35% year-over-year sales growth.
The earnings per share meeting expectations suggests stability, while the sales beating estimates and showing significant year-over-year growth indicates strong performance. This is likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100