Alliance Res Partners Q2 EPS $1.30 Beats $1.27 Estimate, Sales $641.80M Miss $662.11M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alliance Res Partners (NASDAQ:ARLP) reported Q2 earnings of $1.30 per share, beating the analyst consensus estimate of $1.27 by 2.36%. This is a 5.69% increase from the same period last year. However, the company's quarterly sales of $641.80 million missed the analyst consensus estimate of $662.11 million by 3.07%, though it's a 3.53% increase from last year.
July 31, 2023 | 11:03 am
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Alliance Res Partners beat Q2 earnings estimates but missed on sales. Earnings per share were $1.30, up 5.69% YoY, while sales were $641.80M, up 3.53% YoY but below estimates.
Alliance Res Partners' Q2 earnings beat estimates, which could positively impact the stock. However, the company missed on sales, which could offset the positive impact of the earnings beat. The net effect on the stock is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100