Great Lakes Dredge & Dock Q2 EPS $0.03 Beats $(0.10) Estimate, Sales $132.68M Miss $146.67M Estimate
Portfolio Pulse from Benzinga Newsdesk
Great Lakes Dredge & Dock (NASDAQ:GLDD) reported Q2 earnings of $0.03 per share, beating the analyst consensus estimate of $(0.10) by 130 percent. However, the company's quarterly sales of $132.68 million missed the analyst consensus estimate of $146.67 million by 9.54 percent.
August 01, 2023 | 12:27 pm
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NEUTRAL IMPACT
Great Lakes Dredge & Dock reported better than expected Q2 earnings but missed on sales estimates.
The company's earnings beat could potentially boost investor confidence, however, the missed sales estimates might offset this positive sentiment. The net impact on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100