FreightCar America Q2 Adj EPS $0.02 Beats $(0.12) Estimate, Sales $88.60M Miss $95.40M Estimate
Portfolio Pulse from vinayak@benzinga.com
FreightCar America (NASDAQ:RAIL) reported Q2 earnings of $0.02 per share, beating the analyst consensus estimate of $(0.12) by 116.67%. However, the company's quarterly sales of $88.60 million missed the analyst consensus estimate of $95.40 million by 7.13%. This represents a 56.02% increase over sales from the same period last year.
August 07, 2023 | 8:45 pm
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NEUTRAL IMPACT
FreightCar America's Q2 earnings exceeded expectations, but sales fell short of estimates. This mixed result could lead to uncertainty in the market.
FreightCar America's earnings beat could boost investor confidence, but the sales miss might offset this positive sentiment. The net impact on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100