NN In
NN Inc. (NNBR) got here out with quarterly earnings of $0.14 per share, in keeping with the Zacks Consensus Estimate. This compares to earnings of $0.22 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
1 / 4 in the past, it was anticipated that this industrial elements maker would submit earnings of $0.30 per share when it really produced earnings of $0.27, delivering a shock of -10%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates simply as soon as.
NN, which belongs to the Zacks Steel Merchandise – Procurement and Fabrication business, posted revenues of $198.63 million for the quarter ended December 2019, lacking the Zacks Consensus Estimate by 0.87%. This compares to year-ago revenues of $199.48 million. The corporate has topped consensus income estimates two occasions during the last 4 quarters.
The sustainability of the inventory’s instant worth motion primarily based on the recently-released numbers and…