RPM International Q2 Adj. EPS $1.22, Inline, Sales $1.79B Miss $1.84B Estimate
Portfolio Pulse from Benzinga Newsdesk
RPM International reported Q2 adjusted EPS of $1.22, meeting analyst estimates, and a 10.91% increase from the previous year. However, sales of $1.79B fell short of the expected $1.84B, marking no growth from the same period last year.
January 04, 2024 | 11:46 am
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RPM International's Q2 earnings per share matched expectations, showing growth from last year, but sales missed estimates and showed no year-over-year growth.
While RPM International's EPS aligned with analyst predictions and showed a positive year-over-year increase, the sales miss and lack of growth compared to the previous year could temper investor enthusiasm. The EPS performance may provide some support to the stock price, but the sales miss is likely to weigh on investor sentiment in the short term, leading to a neutral impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100