Matthews International: Mixed Q3 Results

Matthews Internationals third quarter earnings showed a mixed bag of results. While revenue topped estimates by nearly 10%, it still represented a significant drop of almost 29% compared to the same time last year. The company reported a GAAP loss per share, but adjusted EBITDA beat estimates by over 20%. However, operating margin declined sharply, and EBITDA guidance for the upcoming fiscal year fell short of analyst expectations. The stock remained relatively flat following the announcement.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.