Kaman Q2 EPS $0.22 Beats $0.08 Estimate, Sales $195.16M Beat $183.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kaman Corporation (NYSE:KAMN) reported Q2 earnings of $0.22 per share, beating the analyst consensus estimate of $0.08 by 175%. However, this is a 29.03% decrease from the same period last year. The company also reported quarterly sales of $195.16 million, beating the analyst consensus estimate of $183.20 million by 6.53%, and marking a 21.39% increase from the same period last year.
August 04, 2023 | 12:29 pm
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POSITIVE IMPACT
Kaman's Q2 earnings and sales beat analyst estimates, despite a YoY decrease in earnings. This could potentially have a positive impact on the company's stock.
Kaman's Q2 earnings and sales exceeded analyst estimates, which is generally seen as a positive signal by the market. However, the YoY decrease in earnings might temper the positive impact. Still, the strong sales performance could potentially boost the company's stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100