Carlisle Posts 3Q EPS of $5.24
CSL is trading near its 52-week low of $293.43 (14% above the low).
Summary
Carlisle reported third-quarter EPS of $5.24, with adjusted EPS of $5.92 and EPS from continuing operations of $5.22. Net income for the quarter was $208.1 million, and revenue came in at $1.5 billion, up 9%. The release carries no margin figure or comparison to estimates, so the direction versus expectations isn't determinable from it. Context matters: the company lifted its full-year revenue growth outlook to mid-single digits and raised its buyback target after Q2 revenue climbed 8% to $1.57 billion, so the bar was set higher coming into this print.
At the time of this announcement, CSL was trading at $334.74 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $13.7B. The 52-week trading range was $293.43 to $432.91. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.