NASDAQ:ALNT - Nasdaq - US0193301092 - Common Stock - Currency: USD
Shares of precision motion systems specialist Allient (NASDAQ:ALNT) jumped 8.3% in the morning session after the company reported impressive fourth quarter 2024 results which blew past analysts' sales and EPS expectations. In addition, its EBITDA outperformed Wall Street's estimates by a wide margin. Zooming out, we think this was a good quarter with some key areas of upside.
Shares of precision motion systems specialist Allient (NASDAQ:ALNT) jumped 8.3% in the morning session after the company reported impressive fourth quarter 2024 results which blew past analysts' sales and EPS expectations. In addition, its EBITDA outperformed Wall Street's estimates by a wide margin. Zooming out, we think this was a good quarter with some key areas of upside.
Its quarterly revenue fell 13% to $122 million compared to the year-ago quarter. However, its revenue exceeded Wall Street’s expectations of $119.7 million.
Precision motion systems specialist Allient (NASDAQ:ALNT) beat Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 13.5% year on year to $122 million. Its GAAP profit of $0.18 per share was significantly above analysts’ consensus estimates.
Precision motion systems specialist Allient (NASDAQ:ALNT) beat Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 13.5% year on year to $122 million. Its GAAP profit of $0.18 per share was significantly above analysts’ consensus estimates.
Precision motion systems specialist Allient (NASDAQ:ALNT) will be reporting results tomorrow after the bell. Here’s what to expect.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the electronic components industry, including Allient (NASDAQ:ALNT) and its peers.
ALNT stock results show that Allient missed analyst estimates for earnings per share and missed on revenue for the second quarter of 2024.