Albany Intl Q3 2024 Adj EPS $0.80 Beats $0.57 Estimate, Sales $298.39M Miss $301.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Albany Intl (NYSE:AIN) reported Q3 2024 earnings per share of $0.80, surpassing the analyst estimate of $0.57, but sales of $298.39M fell short of the $301.10M estimate. EPS decreased by 21.57% from last year, while sales increased by 6.15%.
October 30, 2024 | 8:21 pm
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NEUTRAL IMPACT
Albany Intl's Q3 2024 EPS of $0.80 beat expectations, but sales of $298.39M missed estimates. EPS decreased YoY, while sales increased.
The earnings beat is positive, but the sales miss and YoY EPS decline may offset the positive sentiment. The mixed results could lead to neutral short-term stock movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100