CORRECTION: 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 $2.14 per share, beating the analyst consensus estimate of $2.02 by 5.94%. This is a 63.36% 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 | 11:10 am
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POSITIVE IMPACT
TORM's Q2 earnings and sales exceeded analyst estimates, indicating a strong financial performance.
TORM's Q2 earnings and sales beat analyst estimates, which is typically a positive signal for the company's stock. The significant increase from the same period last year also indicates strong growth, which could further boost investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100