Manchester United Earlier Reprorted Q2 2024 Adj EPS $0.15 Beats $(17.00) Estimate, Sales $280.280M Beat $173.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Manchester United (NYSE:MANU) reported Q2 2024 adjusted EPS of $0.15, significantly beating the $(17.00) estimate. Sales reached $280.280M, surpassing the $173.000M estimate, marking a 42.83% increase from the previous year.

March 12, 2024 | 12:55 pm
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Manchester United reported a significant beat on both EPS and sales estimates for Q2 2024, with EPS at $0.15 against a $(17.00) estimate and sales of $280.280M against a $173.000M estimate.
The substantial beat on both earnings per share (EPS) and sales forecasts for Manchester United indicates strong financial performance and operational efficiency. This outperformance, especially when the EPS beat the estimate by over 100%, is likely to instill investor confidence and could lead to a positive short-term impact on the stock price. The significant year-over-year sales growth further underscores the company's robust growth trajectory.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100