Broadwind Q2 EPS $0.07 Beats $0.04 Estimate, Sales $50.80M Beat $49.47M Estimate
Portfolio Pulse from Benzinga Newsdesk
Broadwind (NASDAQ:BWEN) reported Q2 earnings of $0.07 per share, beating the analyst consensus estimate of $0.04 by 75%. This is a 153.85% increase over losses of $(0.13) per share from the same period last year. The company also reported quarterly sales of $50.80 million, beating the analyst consensus estimate of $49.47 million by 2.69%. This is a 1.58% increase over sales of $50.01 million the same period last year.
August 14, 2023 | 11:02 am
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Broadwind's Q2 earnings and sales beat analyst estimates, which could lead to a positive short-term impact on the stock.
Broadwind's earnings and sales for Q2 have exceeded analyst estimates, which is typically a positive signal for the stock. The significant increase in earnings compared to the same period last year also indicates strong performance, which could boost investor confidence and drive the stock price up in the short term.
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