Graham Hldgs Q3 2024 Adj. EPS $17.25 Beats $15.31 Estimate, Sales $1.207B Miss $1.229B Estimate
Portfolio Pulse from Benzinga Newsdesk
Graham Holdings (NYSE:GHC) reported Q3 2024 earnings per share of $17.25, surpassing the analyst estimate of $15.31. However, sales were $1.207 billion, slightly below the expected $1.229 billion. Sales increased by 8.59% compared to the same period last year.

October 30, 2024 | 12:31 pm
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Graham Holdings reported better-than-expected Q3 2024 EPS of $17.25, beating estimates by 12.67%. However, sales of $1.207 billion missed expectations by 1.77%, though they increased by 8.59% year-over-year.
The positive EPS surprise is likely to have a favorable impact on the stock price as it exceeded expectations by a significant margin. The slight miss in sales is less concerning given the year-over-year growth, which may mitigate any negative sentiment.
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