Radiant Logistics Q2 2024 Adj EPS $0.11 Beats $0.09 Estimate, Sales $201.08M Miss $221.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
Radiant Logistics (RLGT) reported Q2 2024 adjusted EPS of $0.11, surpassing the $0.09 estimate, but its sales of $201.08M fell short of the $221.25M estimate, marking a 27.70% decrease from the previous year.
February 08, 2024 | 9:17 pm
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Radiant Logistics reported a mixed Q2 2024 with an EPS beat but a miss on sales, showing a significant year-over-year decline.
The EPS beat could be seen positively by investors, indicating operational efficiency or cost management. However, the significant miss on sales and the sharp year-over-year decline could raise concerns about the company's growth trajectory and demand for its services. The mixed results make the short-term impact on the stock price uncertain, as investors weigh the positive EPS against the negative sales performance.
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