UFP Techs Q2 EPS $1.55 Beats $1.42 Estimate, Sales $100.04M Beat $98.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
UFP Techs (NASDAQ:UFPT) reported Q2 earnings of $1.55 per share, beating the analyst consensus estimate of $1.42 by 9.15%. This is a 32.48% increase from the same period last year. The company also reported quarterly sales of $100.04 million, beating the analyst consensus estimate of $98.00 million by 2.08%. This is a 6.04% increase from the same period last year.
August 01, 2023 | 2:31 pm
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POSITIVE IMPACT
UFP Techs reported better than expected Q2 earnings and sales, which could positively impact its stock price in the short term.
UFP Techs reported Q2 earnings and sales that beat analyst estimates. This is generally seen as a positive signal by the market and could lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100