Triton International Q2 EPS $2.38 Beats $2.29 Estimate, Sales $386.50M Miss $398.14M Estimate
Portfolio Pulse from Benzinga Newsdesk
Triton International (NYSE:TRTN) reported Q2 earnings of $2.38 per share, beating the analyst consensus estimate of $2.29 by 3.93%. However, this is a 18.49% decrease from the same period last year. The company's quarterly sales were $386.50 million, missing the analyst consensus estimate of $398.14 million by 2.92%, and marking an 8.33% decrease from the same period last year.
August 01, 2023 | 10:32 am
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Triton International's Q2 earnings beat estimates but are down YoY. Sales also missed estimates and are down YoY.
Triton International's earnings beat estimates, which is positive. However, the YoY decrease in earnings and sales, as well as the missed sales estimates, are negative indicators that could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100