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Stock impact report

Q2 Earnings Highs And Lows: Matthews (NASDAQ:MATW) Vs The Rest Of The Consumer Discretionary Stocks [Yahoo! Finance]

Matthews International Corporation - Class A (MATW) 
Last matthews international corporation - class a earnings: 1/30 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: matw.com/investor
Company Research Source: Yahoo! Finance
Let's take a look at how Matthews (NASDAQ:MATW) and the rest of the consumer discretionary stocks fared in Q2. This sector includes everything from cable TV services to hotel stays to gym memberships. While diverse, the way people buy and experience these products is being upended by the internet and digitization. Consumer discretionary companies are working to adapt to secular trends such as streaming video, online marketplaces for lodging accommodations, and connected fitness. That discretionary purchases are, by definition, something consumers can give up makes it even more imperative for companies in the space to adapt. The 4 consumer discretionary stocks we track reported a solid Q2; on average, revenues missed analyst consensus estimates by 0.6%. Stocks, especially growth stocks where cash flows further in the future are more important to the story, had a good end of 2023. But the beginning of 2024 has seen more volatile stock performance due to mixed inflation data, and con Show less Read more
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