DXP Enterprises Q2 EPS $1.06 Misses $1.09 Estimate, Sales $428.04M Miss $475.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
DXP Enterprises (NASDAQ:DXPE) reported Q2 earnings of $1.06 per share, missing the analyst consensus estimate of $1.09 by 2.75%. The company also reported quarterly sales of $428.04 million, missing the analyst consensus estimate of $475.00 million by 9.89%. However, both earnings and sales have increased compared to the same period last year.
August 08, 2023 | 9:44 pm
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DXP Enterprises missed Q2 earnings and sales estimates. Despite YoY growth, the miss may negatively impact investor sentiment.
DXP Enterprises reported lower than expected earnings and sales for Q2. While there is YoY growth, the miss on estimates could lead to a negative short-term reaction in the stock market as it indicates the company's performance did not meet market expectations.
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