Albertsons Companies Q2 Adj EPS $0.63 Beats $0.56 Estimate, Sales $18.30B Beat $18.28B Estimate
Portfolio Pulse from Benzinga Newsdesk
Albertsons Companies (NYSE:ACI) reported Q2 adjusted earnings of $0.63 per share, beating the analyst consensus estimate of $0.56 by 12.5%. However, this is a 12.5% decrease from the same period last year. The company also reported quarterly sales of $18.30 billion, beating the analyst consensus estimate of $18.28 billion by 0.11%, a 2.13% increase from the same period last year.
October 17, 2023 | 12:31 pm
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Albertsons Companies reported better than expected Q2 earnings and sales, but earnings decreased by 12.5% compared to the same period last year.
Albertsons Companies reported Q2 earnings and sales that beat estimates, which is generally positive for the stock. However, the 12.5% decrease in earnings compared to the same period last year could offset some of this positive sentiment. The net impact on the stock is likely to be neutral in the short term.
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IMPORTANCE 80
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