Fortrea Holdings Q2 Adj EPS $0.52 Down From $0.97 YoY, Sales $793.00M Down From $793.10M YoY
Portfolio Pulse from Benzinga Newsdesk
Fortrea Holdings (NASDAQ:FTRE) reported Q2 adjusted earnings of $0.52 per share, a 46.39% decrease from $0.97 per share YoY. Sales were reported at $793.00M, a slight decrease of 0.01% from $793.10M YoY.
August 14, 2023 | 11:05 am
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NEGATIVE IMPACT
Fortrea Holdings reported a significant decrease in Q2 earnings and a slight decrease in sales YoY. This could potentially impact the company's stock negatively in the short term.
Fortrea Holdings reported a significant decrease in Q2 earnings and a slight decrease in sales YoY. This indicates a potential decline in the company's financial performance, which could negatively impact investor sentiment and lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100