EnPro Indus Q2 Adj EPS $1.83 Beats $1.73 Estimate, Sales $276.90M Beat $273.95M Estimate
Portfolio Pulse from bharat@benzinga.com
EnPro Industries (NYSE:NPO) reported Q2 earnings of $1.83 per share, beating the analyst consensus estimate of $1.73 by 5.78%. However, this is a 21.12% decrease from the same period last year. The company also reported quarterly sales of $276.90 million, beating the estimate of $273.95 million by 1.08%, but this is a 16.92% decrease from last year.
August 08, 2023 | 10:35 am
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NEUTRAL IMPACT
EnPro Industries reported better than expected Q2 earnings and sales, but both figures are down from last year.
While EnPro Industries beat Q2 estimates, the year-on-year decreases in earnings and sales could potentially offset any positive impact from beating estimates. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100