Regal Rexnord Q2 EPS $2.56 Beats $2.44 Estimate, Sales $1.77B Beat $1.62B Estimate
Portfolio Pulse from Benzinga Newsdesk
Regal Rexnord (NYSE:RRX) reported Q2 earnings of $2.56 per share, beating the analyst consensus estimate of $2.44 by 4.92%. However, this is a 7.25% decrease from the same period last year. The company also reported quarterly sales of $1.77 billion, beating the analyst consensus estimate of $1.62 billion by 9.06%, and marking a 31.10% increase from the same period last year.
July 31, 2023 | 8:36 pm
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Regal Rexnord's Q2 earnings and sales exceeded analyst estimates, which could positively impact the stock. However, the decrease in earnings from last year might temper investor enthusiasm.
Regal Rexnord's Q2 earnings and sales beat analyst estimates, which is typically a positive signal for the stock. However, the decrease in earnings from the same period last year might cause some investors to be cautious, potentially limiting the positive impact on the stock price.
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