Gibraltar Industries Q2 EPS $1.18 Beats $0.97 Estimate, Sales $364.91M Beat $351.48M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gibraltar Industries (NASDAQ:ROCK) reported Q2 earnings of $1.18 per share, beating the analyst consensus estimate of $0.97 by 21.65%. This is a 22.92% increase from the same period last year. The company also reported quarterly sales of $364.91 million, beating the analyst consensus estimate of $351.48 million by 3.82%, but this is a 0.56% decrease from the same period last year.
August 04, 2023 | 11:02 am
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Gibraltar Industries reported better than expected Q2 earnings and sales. However, sales decreased slightly compared to the same period last year.
Gibraltar Industries reported a strong Q2 earnings beat, which is likely to positively impact the stock price. However, the slight decrease in sales YoY might temper the positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100