Limbach Holdings Q2 EPS $0.46 Beats $0.16 Estimate, Sales $124.88M Beat $119.50M Estimate
Portfolio Pulse from mahesh@benzinga.com
Limbach Holdings (NASDAQ:LMB) reported Q2 earnings of $0.46 per share, beating the analyst consensus estimate of $0.16 by 187.5%. This is a 475% increase from the same period last year. The company also reported quarterly sales of $124.88 million, beating the analyst consensus estimate of $119.50 million by 4.50%. This is a 7.55% increase from the same period last year.
August 09, 2023 | 9:59 pm
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POSITIVE IMPACT
Limbach Holdings reported strong Q2 earnings and sales, both beating analyst estimates. This positive financial performance could potentially lead to a short-term increase in the company's stock price.
Limbach Holdings reported a significant increase in earnings and sales compared to the same period last year, and both figures exceeded analyst estimates. This strong financial performance is typically a positive signal to investors and can lead to increased demand for the company's stock, potentially driving up its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100