Air Canada Q2 EPS C$1.85 Beats C$0.68 Estimate, Sales C$5.43B Beat C$5.14B Estimate
Portfolio Pulse from Benzinga Newsdesk
Air Canada reported Q2 earnings of C$1.85 per share, beating the analyst consensus estimate of C$0.68 by 172.06%. This is a 215.63% increase over losses from the same period last year. The company also reported quarterly sales of C$5.43 billion, beating the analyst consensus estimate of C$5.14 billion by 5.58%, a 36.32% increase over sales from the same period last year.
August 11, 2023 | 11:06 am
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POSITIVE IMPACT
Air Canada's Q2 earnings and sales beat estimates, indicating a strong financial performance. This could potentially lead to a positive impact on its stock price.
Air Canada's better-than-expected Q2 earnings and sales indicate a strong financial performance, which is a positive signal to investors. This could potentially lead to an increase in demand for its stock, thereby driving up its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100