ABM Industries Reports Q2 Revenue Growth Shy Of $2B Consensus, Credits RavenHolt
Portfolio Pulse from Lekha Gupta
ABM Industries reported Q2 FY23 revenue growth of 4.5% Y/Y to $1.98 billion, missing the consensus of $2 billion. Adjusted EPS of $0.90 beat the consensus of $0.86. The company declared a cash dividend of $0.22 per common share. ABM reiterates guidance for adjusted EPS to $3.40 - $3.60 versus the consensus of $3.50.
June 06, 2023 | 2:27 pm
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ABM Industries missed Q2 revenue consensus but beat EPS consensus. The company declared a cash dividend and reiterated its FY23 EPS guidance.
ABM Industries reported a mixed Q2 earnings with revenue missing consensus but EPS beating consensus. The company declared a cash dividend and reiterated its FY23 EPS guidance. This mixed result may not have a significant short-term impact on the stock price, as the market may react positively to the EPS beat and dividend declaration, but negatively to the revenue miss.
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IMPORTANCE 80
RELEVANCE 100