Stock Track | Tennant Shares Slide Despite Q3 Earnings Beat on Soft Sales

Stock Track11-02

Shares of Tennant Company (TNC) plummeted 5.04% on Thursday, despite the company reporting better-than-expected adjusted earnings for the third quarter. The stock's decline came as investors reacted to the company's slight miss on net sales expectations for the quarter.

Tennant reported Q3 adjusted earnings of $1.39 per diluted share, up from $1.34 a year earlier and surpassing analyst estimates of $1.44. However, net sales for the quarter came in at $315.8 million, falling short of the $319.4 million expected by analysts.

Despite the softer sales numbers, Tennant reaffirmed its full-year 2024 net sales guidance of $1.28 billion to $1.31 billion, in line with analyst projections of $1.29 billion. The company also announced a 5.4% increase in its quarterly dividend to $0.295 per share, payable on December 16th.

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The stock's decline came as investors reacted ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TNC","symbol_name":"坦能","start_time":0,"source_url":"","article_id":"1181208320","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1181208320","pubTimestamp":1730482460,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Tennant Company  plummeted 5.04% on Thursday, despite the company reporting better-than-expected adjusted earnings for the third quarter. 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