Arcosa Q3 Adj $0.91 Beats $0.86 Estimate, Sales $640.40M Miss $682.52M Estimate
Portfolio Pulse from Benzinga Newsdesk
Arcosa (NYSE:ACA) reported Q3 earnings of $0.91 per share, beating estimates of $0.86, a 24.66% increase from last year. However, sales were $640.40M, missing the $682.52M estimate, though up 8.23% from last year.
October 30, 2024 | 8:16 pm
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Arcosa's Q3 earnings per share exceeded expectations, but sales fell short of estimates. Despite the sales miss, earnings showed significant growth compared to last year.
Arcosa's earnings per share beat expectations, which is positive, but the sales miss could offset this in the short term. The significant year-over-year growth in earnings is a positive indicator, but the sales miss might cause mixed reactions in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100