Babcock & Wilcox Q2 EPS $(0.10) Misses $(0.07) Estimate, Sales $305.20M Beat $241.63M Estimate
Portfolio Pulse from Benzinga Newsdesk
Babcock & Wilcox reported Q2 losses of $(0.10) per share, missing the analyst consensus estimate of $(0.07) by 42.86%. However, the company's quarterly sales of $305.20 million beat the analyst consensus estimate of $241.63 million by 26.31%.
August 08, 2023 | 8:19 pm
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NEGATIVE IMPACT
Babcock & Wilcox's Q2 earnings per share missed estimates, but sales exceeded expectations.
The company's earnings per share missed the analyst consensus estimate, which could negatively impact the stock price. However, the higher than expected sales could offset some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100