Armstrong World Indus Q2 EPS $1.38 Beats $1.31 Estimate, Sales $325.40M Miss $335.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Armstrong World Indus (NYSE:AWI) reported Q2 earnings of $1.38 per share, beating the analyst consensus estimate of $1.31 by 5.34%. This is a 6.98% increase from the same period last year. However, the company's quarterly sales of $325.40 million missed the analyst consensus estimate of $335.50 million by 3.01%, though it's a 1.37% increase from last year.
July 25, 2023 | 10:07 am
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NEUTRAL IMPACT
Armstrong World Indus beat Q2 EPS estimates but missed on sales. This mixed result could lead to uncertain short-term price movements.
Armstrong World Indus reported better than expected earnings per share but lower than expected sales. This mixed result could lead to volatility in the stock price as the market digests the news. The earnings beat indicates strong profitability, which is positive, but the sales miss could raise concerns about growth, which is negative.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100