Distribution Solutions Group Shares Fall After Q1 Adjusted Earnings, Revenue Miss Estimates

MT Newswires Live
01 May

Distribution Solutions Group's (DSGR) shares were down more than 11% in recent Thursday trading after the company reported Q1 adjusted earnings and revenue below expectations.

The company reported adjusted earnings Thursday of $0.31 per diluted share, up from $0.25 a year earlier.

Three analysts polled by FactSet expected $0.35.

Revenue for the quarter ended March 31 was $478 million, up from $416.1 million a year earlier.

Three analysts surveyed by FactSet expected $497.2 million.

Price: 23.07, Change: -2.97, Percent Change: -11.41

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10