Redwire Q2 EPS $(0.16), Inline, Sales $60.10M Beat $58.23M Estimate
Portfolio Pulse from sunil@benzinga.com
Redwire (NYSE:RDW) reported Q2 earnings per share of $(0.16), in line with analyst estimates. This represents a 20% improvement over the same period last year. Quarterly sales were $60.10 million, beating the consensus estimate of $58.23 million by 3.21%, and marking a 63.63% increase year-on-year.
August 07, 2023 | 9:07 pm
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POSITIVE IMPACT
Redwire's Q2 results met EPS estimates and exceeded sales estimates, indicating a positive financial performance. This could potentially boost investor confidence and positively impact the stock price in the short term.
Redwire's Q2 results show a significant improvement in financial performance compared to the same period last year. Meeting EPS estimates and exceeding sales estimates are positive indicators that could boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100