NN Q3 2024 Adj. EPS $(0.05) Misses $(0.03) Estimate, Sales $113.587M Miss $120.501M Estimate
Portfolio Pulse from Benzinga Newsdesk
NN Inc. (NASDAQ:NNBR) reported Q3 2024 earnings per share of $(0.05), missing the consensus estimate of $(0.03). Sales were $113.587 million, below the expected $120.501 million, and down 8.72% from the previous year.
October 30, 2024 | 10:02 pm
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NEGATIVE IMPACT
NN Inc. reported a larger-than-expected loss in Q3 2024, with EPS of $(0.05) missing estimates by 66.67%. Sales also fell short of expectations and decreased year-over-year.
The earnings miss, both in terms of EPS and sales, suggests potential negative sentiment and pressure on NNBR's stock price. The significant miss in EPS and the year-over-year sales decline highlight operational challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100