Acme United Corp Up 1.97% To $29.00 After Earnings Miss

Acme United Corp (ACU) said before open Monday that it earned $0.58 per share in quarter three 2023.

On the revenue line, the company reported $50.4 million, missing estimates by $856 thousand.

In the same quarter a year ago, the company earned $0.02 per share on revenue of $49.7 million.

The stock is up 1.97% to $29.00 after the report.

Acme United Corp's earnings expanded faster than revenues, signaling widening profit margins.

Trading in the five days leading up to the report earned Acme United Corp a Bullish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 58.

Acme United Corp is a supplier of innovative first aid and medical products and cutting technology to the school, home, office, hardware, sporting goods and industrial markets. Its principal products sold across all segments are First aid kits, and Medical products, Scissors, Shears, Knives, Rulers, Pencil sharpeners and Sharpening tools. The company sells its products primarily to mass market and e-commerce retailers, industrial distributors, wholesale, contract and retail stationery distributors, office supply superstores, sporting goods stores, and hardware chains. Its operations are in the United States, Canada, Europe and Asia.