Recap: Standex International Q2 Earnings
Portfolio Pulse from Benzinga Insights
Standex International (NYSE:SXI) reported Q2 earnings with an EPS of $1.78, beating estimates by 3.49% but with a revenue decrease of $9.39 million from the previous year. Past quarters show a pattern of beating EPS estimates but mixed revenue results.
February 01, 2024 | 9:05 pm
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Standex International reported a higher than expected Q2 EPS of $1.78, surpassing estimates by 3.49%, despite a revenue decrease from the previous year.
Beating EPS estimates typically has a positive impact on investor sentiment and can lead to a short-term increase in stock price. However, the decrease in revenue year-over-year could temper some of the positive momentum. Historical data shows a mixed reaction to past earnings, with a notable drop after last quarter's earnings beat.
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