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Graco (GGG) Q1 Earnings Lag, Down Y/Y on Forex & Cost Woes
Graco Inc. GGG reported weaker-than-expected results for the first quarter of 2019, with earnings and sales lagging respective estimates by 4.1% and 2.6%. The poor performance weakened sentiments on the stock, evident from a 0.6% price decline recorded yesterday. The closing share price was $53.01.
Adjusted earnings in the quarter under review were 47 cents per share, lagging the Zacks Consensus Estimate of 49 cents. Also, quarterly earnings decreased 2.1% from the year-ago figure of 48 cents due to forex woes and high costs. However, lower tax expenses and roughly 2.7% fall in share count were a relief.
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https://finance.yahoo.com/news/graco-ggg...01529.html
![[Bild: ROPc1dl1553.png]](https://finviz.com/publish/042519/ROPc1dl1553.png)
Graco Inc. GGG reported weaker-than-expected results for the first quarter of 2019, with earnings and sales lagging respective estimates by 4.1% and 2.6%. The poor performance weakened sentiments on the stock, evident from a 0.6% price decline recorded yesterday. The closing share price was $53.01.
Adjusted earnings in the quarter under review were 47 cents per share, lagging the Zacks Consensus Estimate of 49 cents. Also, quarterly earnings decreased 2.1% from the year-ago figure of 48 cents due to forex woes and high costs. However, lower tax expenses and roughly 2.7% fall in share count were a relief.
...
https://finance.yahoo.com/news/graco-ggg...01529.html
