Alexander & Baldwin Q2 EPS $0.15 Misses $0.30 Estimate, Sales $53.10M Beat $48.90M Estimate
Portfolio Pulse from sunil@benzinga.com
Alexander & Baldwin (NYSE:ALEX) reported Q2 earnings of $0.15 per share, missing the analyst consensus estimate of $0.30 by 50%. However, the company's quarterly sales of $53.10 million beat the estimate of $48.90 million by 8.59%. Compared to the same period last year, earnings increased by 200% and sales increased by 3.91%.
July 27, 2023 | 9:33 pm
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ALEX's Q2 earnings missed estimates by 50%, but sales beat estimates by 8.59%. Earnings and sales increased by 200% and 3.91% YoY respectively.
The mixed results with earnings missing estimates but sales beating estimates could lead to neutral short-term price movement. The significant YoY growth in earnings and sales might be seen positively by investors, but the missed earnings estimate could also cause some concern.
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IMPORTANCE 80
RELEVANCE 100