ACCO Brands Q2 EPS $0.38 Beats $0.29 Estimate, Sales $494.00M Beat $488.52M Estimate
Portfolio Pulse from Benzinga Newsdesk
ACCO Brands reported Q2 earnings of $0.38 per share, beating the analyst consensus estimate of $0.29 by 31.03%. This is a 2.7% increase from the same period last year. The company also reported quarterly sales of $494.00 million, beating the analyst consensus estimate of $488.52 million by 1.12%. However, this is a 5.18% decrease from the same period last year.
August 08, 2023 | 8:33 pm
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POSITIVE IMPACT
ACCO Brands reported better than expected Q2 earnings and sales. However, sales decreased compared to the same period last year.
ACCO Brands reported better than expected earnings and sales for Q2, which is generally a positive signal for investors and could lead to a short-term increase in the stock price. However, the decrease in sales compared to the same period last year might temper this positive impact.
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IMPORTANCE 80
RELEVANCE 100