Custom Truck One Source Q2 EPS $0.05 Beats $0.02 Estimate, Sales $456.83M Beat $387.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Custom Truck One Source (NYSE:CTOS) reported Q2 earnings of $0.05 per share, beating the analyst consensus estimate of $0.02 by 150%. The company also reported quarterly sales of $456.83 million, surpassing the analyst consensus estimate of $387.90 million by 17.77%. This represents a 26.16% increase over sales of $362.11 million in the same period last year.
August 08, 2023 | 8:24 pm
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POSITIVE IMPACT
Custom Truck One Source's Q2 earnings and sales exceeded analyst estimates, which could positively impact the company's stock price in the short term.
Custom Truck One Source reported better-than-expected Q2 earnings and sales, which typically leads to a positive reaction in the stock market. Investors may see this as a sign of the company's strong performance and future growth potential, leading to increased demand for the stock and a potential rise in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100