Acme United Corporation falls on lower Q3 results

Acme United

18/10/2024 17:17

** Shares of Acme United Corporation  ACU  down 6.65% at
$40.87
    ** Co posts Q3 revenue of $48.2 mln, down 4% from $50.4 mln
a year ago
    ** Reports Q3 EPS of 54 cents vs 58 cents reported a year
earlier
    ** Co says Q3 net sales in U.S. and Canada segments
decreased 6% and 1%, respectively 
    ** 2 brokerages covering the stock rate it "buy"; their
median PT is $55.50
    ** As of last close, stock down ~4.69% YTD

 (Reporting by Ankita Bora in Bengaluru)
 ((Ankita.Bora@thomsonreuters.com;))