Sterling Infrastructure Q2 EPS $1.27 Beats $0.93 Estimate, Sales $522.33M Beat $491.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sterling Infrastructure (NASDAQ:STRL) reported Q2 earnings of $1.27 per share, beating the analyst consensus estimate of $0.93 by 36.56%. This is a 47.67% increase over earnings of $0.86 per share from the same period last year. The company also reported quarterly sales of $522.33 million, beating the analyst consensus estimate of $491.50 million by 6.27%. This is a 2.30% increase over sales of $510.57 million the same period last year.
August 07, 2023 | 8:10 pm
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Sterling Infrastructure's Q2 earnings and sales beat analyst estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock price in the short term.
Sterling Infrastructure reported better-than-expected Q2 earnings and sales, which is typically a positive signal for investors. This strong financial performance could increase investor confidence and demand for the stock, potentially leading to a rise in the stock price in the short term.
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