Allied Motion Q2 Adj EPS $0.58 Beats $0.56 Estimate, Sales $146.77M Beat $145.83M Estimate
Portfolio Pulse from vinayak@benzinga.com
Allied Motion (NASDAQ:AMOT) reported Q2 earnings of $0.58 per share, beating the analyst consensus estimate of $0.56 by 3.57%. This is a 61.11% increase from the same period last year. The company also reported quarterly sales of $146.77 million, beating the analyst consensus estimate of $145.83 million by 0.64%. This is a 19.59% increase from the same period last year.
August 04, 2023 | 12:23 pm
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POSITIVE IMPACT
Allied Motion's Q2 earnings and sales beat estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock.
Allied Motion's Q2 earnings and sales exceeded analyst estimates, which is typically a positive signal for investors and can lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100