Envista Holdings Q3 2024 Adj EPS $0.12 Beats $0.09 Estimate, Sales $601.00M Beat $590.32M Estimate
Portfolio Pulse from Benzinga Newsdesk
Envista Holdings reported Q3 2024 earnings of $0.12 per share, surpassing the $0.09 estimate, and sales of $601 million, exceeding the $590.32 million estimate. Despite beating estimates, sales decreased by 4.80% compared to the same period last year.
October 30, 2024 | 8:21 pm
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Envista Holdings reported better-than-expected Q3 2024 earnings and sales, with EPS at $0.12 and sales at $601 million. However, sales decreased by 4.80% year-over-year.
Envista Holdings exceeded both EPS and sales estimates, which is typically positive for stock prices. However, the year-over-year sales decline may temper investor enthusiasm. Overall, the positive earnings surprise is likely to have a favorable short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100