TriMas Q2 Adj EPS $0.50, Inline, Sales $233.19M Miss $255.81M Estimate
Portfolio Pulse from Benzinga Newsdesk
TriMas (NASDAQ:TRS) reported Q2 adjusted earnings of $0.50 per share, in line with analyst consensus. However, the company's quarterly sales of $233.19 million missed the analyst consensus estimate of $255.81 million by 8.84 percent. This represents a 16.67 percent decrease in earnings and a 1.89 percent decrease in sales compared to the same period last year.
July 27, 2023 | 12:01 pm
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TriMas reported Q2 earnings in line with estimates but missed sales estimates. This could potentially impact the company's stock negatively in the short term.
TriMas' Q2 earnings were in line with estimates, which is generally positive for the stock. However, the company missed sales estimates, which is typically viewed negatively by the market. Additionally, both earnings and sales decreased compared to the same period last year, which could further negatively impact the stock.
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IMPORTANCE 80
RELEVANCE 100