Gibraltar Industries Q3 2024 Adj. EPS $1.27 Beats $1.25 Estimate, Sales $361.196M Beat $360.433M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gibraltar Industries reported Q3 2024 earnings per share of $1.27, surpassing the analyst estimate of $1.25. The company's sales were $361.196 million, slightly above the expected $360.433 million, but down 7.56% from the previous year.
October 30, 2024 | 11:38 am
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Gibraltar Industries' Q3 2024 earnings per share of $1.27 exceeded expectations, and sales were slightly above estimates. However, sales decreased by 7.56% compared to the previous year.
The positive earnings surprise and sales beating estimates are likely to have a favorable short-term impact on the stock price. However, the year-over-year sales decline may temper investor enthusiasm.
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