Fortune Brands Q2 Adj. EPS $1.07 Beats $1.02 Estimate, Sales $1.16B Miss $1.17B Estimate
Portfolio Pulse from Bill Haddad
Fortune Brands (NYSE:FBIN) reported Q2 earnings of $1.07 per share, beating the analyst consensus estimate of $1.02 by 4.9%. However, this is a 3.6% decrease from the same period last year. The company's quarterly sales of $1.16 billion missed the analyst consensus estimate of $1.17 billion by 0.51%, marking a 7.25% decrease from the same period last year.
July 27, 2023 | 8:22 pm
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Fortune Brands beat Q2 EPS estimates but missed on sales. This mixed result could lead to uncertain short-term price movements.
Fortune Brands reported a beat on EPS estimates, which is generally positive for the stock price. However, the company missed on sales estimates, which is typically negative for the stock price. These mixed results could lead to uncertain short-term price movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100