TORM Q2 EPS $2.14 Beats $2.02 Estimate, Sales $384.30M Beat $349.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
TORM (NASDAQ:TRMD) reported Q2 earnings of $2.23 per share, beating the analyst consensus estimate of $2.02 by 10.4%. This is a 70.23% increase from the same period last year. The company also reported quarterly sales of $384.30 million, beating the analyst consensus estimate of $349.53 million by 9.95%. This is a 13.53% increase from the same period last year.
August 17, 2023 | 9:45 am
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POSITIVE IMPACT
TORM's Q2 earnings and sales exceeded analyst estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock price.
TORM's Q2 earnings and sales have exceeded analyst estimates, which is typically a positive signal for investors. This strong financial performance could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100