Distribution Solutions Group Shares Fall After Q1 Adjusted Earnings, Revenue Miss Estimates

MT Newswires Live

05-01

Distribution Solutions Group's (DSGR) shares were down more than 11% in recent Thursday trading after the company reported Q1 adjusted earnings and revenue below expectations.

The company reported adjusted earnings Thursday of $0.31 per diluted share, up from $0.25 a year earlier.

Three analysts polled by FactSet expected $0.35.

Revenue for the quarter ended March 31 was $478 million, up from $416.1 million a year earlier.

Three analysts surveyed by FactSet expected $497.2 million.

Price: 23.07, Change: -2.97, Percent Change: -11.41

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