Trinity Industries Q2 Adj EPS $0.23 Misses $0.33 Estimate, Sales $722.00M Beat $613.92M Estimate
Portfolio Pulse from Benzinga Newsdesk
Trinity Industries (NYSE:TRN) reported Q2 adjusted earnings of $0.23 per share, missing the analyst consensus estimate of $0.33 by 30.3%. However, the company's quarterly sales of $722.00 million beat the analyst consensus estimate of $613.92 million by 17.60%. This represents a 64.29% increase in earnings and a 73.22% increase in sales compared to the same period last year.
August 01, 2023 | 11:01 am
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Trinity Industries' Q2 earnings missed estimates but sales exceeded expectations. This mixed result could lead to uncertain market reactions.
Trinity Industries' earnings miss could negatively impact the stock price, but the significant beat on sales and the YoY growth in both earnings and sales could offset this. The net impact is uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100