Textainer Gr Hldgs Q2 Adj EPS $1.20 Beats $1.15 Estimate, Sales $192.16M Miss $192.94M Estimate
Portfolio Pulse from Benzinga Newsdesk
Textainer Gr Hldgs (NYSE:TGH) reported Q2 adjusted earnings of $1.20 per share, beating the analyst consensus estimate of $1.15 by 4.35%. However, this is a 26.38% decrease from the same period last year. The company's quarterly sales were $192.16 million, missing the analyst consensus estimate of $192.94 million by 0.40%. This represents a 5.45% decrease from the same period last year.
August 01, 2023 | 12:27 pm
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Textainer Gr Hldgs reported Q2 earnings that beat estimates but were down YoY. Sales also missed estimates and were down YoY.
Despite beating estimates, Textainer Gr Hldgs reported a YoY decrease in both earnings and sales. This could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
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