Merger-Bound Triton Records Mixed Q2 Performance, Declares Quarterly Dividends
Portfolio Pulse from Lekha Gupta
Triton International Ltd (TRTN) reported Q2 FY23 total leasing revenue of $386.5 million, missing the consensus of $398.1 million. Adjusted EPS of $2.38 beat the consensus of $2.29. The company declared a quarterly cash dividend of $0.70 per common share. TRTN shares traded lower by 0.05% at $84.27.
August 04, 2023 | 9:20 am
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NEGATIVE IMPACT
Triton International's Q2 FY23 revenue missed expectations, but EPS beat estimates. The company declared a quarterly dividend.
Triton's Q2 revenue missed consensus estimates, which could negatively impact investor sentiment and potentially lead to a decrease in the stock price. However, the company's EPS beat estimates and a dividend was declared, which could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100