Matrix Service Q2 2024 Adj EPS $(0.18) Misses $(0.10) Estimate, Sales $175.04M Miss $200.14M Estimate
Portfolio Pulse from Benzinga Newsdesk
Matrix Service (NASDAQ:MTRX) reported Q2 2024 adjusted EPS of $(0.18), missing the $(0.10) estimate, with sales of $175.04M also missing the $200.14M estimate. This represents a 9.70% decrease in sales compared to the same period last year.
February 07, 2024 | 9:06 pm
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Matrix Service reported a significant miss in both adjusted EPS and sales for Q2 2024, with a notable year-over-year decrease in sales.
The significant miss in both EPS and sales estimates, coupled with a year-over-year decrease in sales, is likely to negatively impact investor sentiment and could lead to a short-term decrease in MTRX stock price.
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