Q: thoughts on earnings...thanks all.
5i Research Answer:
NWC reported solid Q3 earnings, beating analysts’ estimates in EPS and revenue. EPS came in at $0.84, beating estimates of $0.71. Revenue came in at $616.91M beating estimates of $599.83M and displaying year-over-year growth of 5.15%. Gross profits increased by 10% as a result of the increase in sales. Net earnings were up to $38M from the prior year total of 30.2M, increasing by 26%. Management stated that the strong results were driven by Canadian operations while more challenging economic conditions related to international operations partially offset this impact.