Linamar Q2 Adj $1.94 Beats $1.74 Estimate, Sales $1.90B Beat $1.77B Estimate
Portfolio Pulse from Benzinga Newsdesk
Linamar reported Q2 earnings of $1.94 per share, beating the analyst consensus estimate of $1.74 by 11.49%. This is a 46.97% increase from the same period last year. The company also reported quarterly sales of $1.90 billion, beating the analyst consensus estimate of $1.77 billion by 7.34%. This is a 22.34% increase from the same period last year.
August 09, 2023 | 8:44 pm
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POSITIVE IMPACT
Linamar's Q2 earnings and sales exceeded analyst estimates, indicating a strong financial performance.
Linamar's earnings and sales for Q2 have exceeded analyst estimates, which is typically a positive signal for the company's financial performance and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100