Graco reports $0.91 non-GAAP EPS, beating expectations, but $590.6M revenue misses by $17.45M.
Graco Inc. posted second-quarter non-GAAP earnings per share of $0.91, exceeding estimates by $0.10. Revenue reached $590.6 million, up 3.3% year-over-year but missing forecasts by $17.45 million.
Analysts had anticipated revenue closer to $608 million, while earnings consensus stood at $0.81. The company also issued third-quarter sales guidance of $580 million to $600 million, slightly below the $587.42 million consensus.
Shares showed muted reaction in after-hours trading as investors weighed the earnings beat against the revenue miss.