Tejon Ranch Q2 EPS $0.01 Beats $(0.02) Estimate, Sales $6.10M Miss $9.52M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tejon Ranch (NYSE:TRC) reported Q2 earnings of $0.01 per share, beating the analyst consensus estimate of $(0.02) by 150 percent. However, the company's quarterly sales of $6.10 million missed the analyst consensus estimate of $9.52 million by 35.95 percent.
August 04, 2023 | 1:25 pm
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NEUTRAL IMPACT
Tejon Ranch's Q2 earnings beat estimates but sales missed estimates. This mixed result could lead to uncertain short-term price movements.
Tejon Ranch's earnings beat estimates, which is a positive signal for investors. However, the company's sales missed estimates, which is a negative signal. These mixed signals could lead to uncertain short-term price movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100