Capital Product Partners Q2 EPS $0.75 Beats $0.69 Estimate, Sales $88.50M Beat $82.38M Estimate
Portfolio Pulse from Benzinga Newsdesk
Capital Product Partners (NASDAQ:CPLP) reported Q2 earnings of $0.75 per share, beating the analyst consensus estimate of $0.69 by 8.7%. However, this is a 25% decrease from the same period last year. The company also reported quarterly sales of $88.50 million, beating the analyst consensus estimate of $82.38 million by 7.43%. This is a 19.66% increase from the same period last year.
July 28, 2023 | 11:02 am
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Capital Product Partners reported better than expected Q2 earnings and sales. However, earnings per share decreased by 25% compared to the same period last year.
While the company beat Q2 estimates, the decrease in earnings per share compared to the same period last year might concern investors. The increase in sales could offset some of these concerns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100