Compass Diversified Hldgs Q2 EPS $(0.35) Vs $0.17 Prior Year, Sales $524.16M Miss $557.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
Compass Diversified Hldgs (NYSE:CODI) reported Q2 losses of $(0.35) per share, compared to $0.17 earnings per share in the prior year. The company's quarterly sales of $524.16 million missed the analyst consensus estimate of $557.07 million by 5.91 percent, although it is a 1.66 percent increase over sales of $515.60 million the same period last year.
August 04, 2023 | 12:13 pm
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Compass Diversified Hldgs reported Q2 losses and missed sales estimates, which could negatively impact the stock price in the short term.
Compass Diversified Hldgs reported a loss in Q2, and its sales missed the analyst consensus estimate. This underperformance could lead to a decrease in the stock price in the short term as it indicates the company's financial health might not be as strong as expected.
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