Axis Capital Holdings Q2 EPS $2.23 Beats $1.77 Estimate, Sales $1.38B Miss $1.41B Estimate
Portfolio Pulse from Benzinga Newsdesk
Axis Capital Holdings (NYSE:AXS) reported Q2 earnings of $2.23 per share, beating the analyst consensus estimate of $1.77 by 25.99%. This is a 28.16% increase from the same period last year. However, the company's quarterly sales of $1.38 billion missed the analyst consensus estimate of $1.41 billion by 2.07%, but still represents a 15.48% increase from last year.
August 04, 2023 | 10:24 am
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Axis Capital's Q2 earnings beat estimates, but sales missed expectations. Earnings per share increased by 28.16% YoY, while sales increased by 15.48% YoY.
Axis Capital's earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates, which is negative. The net effect on the stock is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100