Middleby Q3 2024 Adj. EPS $2.33 Misses $2.48 Estimate, Sales $942.809M Miss $996.565M Estimate
Portfolio Pulse from Benzinga Newsdesk
Middleby (NASDAQ:MIDD) reported Q3 2024 earnings and sales that missed analyst estimates. The company posted an adjusted EPS of $2.33, below the expected $2.48, and sales of $942.809 million, missing the $996.565 million estimate.
October 31, 2024 | 11:03 am
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Middleby reported Q3 2024 earnings and sales below analyst expectations, with EPS at $2.33 and sales at $942.809 million, both missing estimates.
Middleby's Q3 2024 earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. The EPS was 6.05% below expectations, and sales were 5.39% below expectations, indicating weaker-than-expected performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100