Albany Intl Q2 Adj EPS $0.90 Misses $0.92 Estimate, Sales $274.12M Beat $261.50M Estimate
Portfolio Pulse from vinayak@benzinga.com
Albany Intl (NYSE:AIN) reported Q2 earnings of $0.90 per share, missing the analyst consensus estimate of $0.92 by 2.17 percent. This is a 15.09 percent decrease from the same period last year. However, the company's quarterly sales of $274.12 million beat the analyst consensus estimate of $261.50 million by 4.83 percent, marking a 4.88 percent increase from last year.
July 26, 2023 | 9:01 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Albany Intl's Q2 earnings per share missed estimates, but sales exceeded expectations. This mixed result could lead to uncertain short-term price movements.
Albany Intl's earnings per share fell short of analyst estimates, which could negatively impact the stock price. However, the company's sales exceeded expectations, which could have a positive effect. The mixed results make the short-term price direction uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100