Manchester United Earlier Reported Q2 2024 Adj EPS $0.15 Beats $(17.00) Estimate, Sales $280.280M Beat $173.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Manchester United reported its Q2 2024 adjusted earnings per share (EPS) at $0.15, surpassing the estimated $(17.00). Sales reached $280.280 million, also beating the $173.000 million estimate.

March 12, 2024 | 12:56 pm
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POSITIVE IMPACT
Manchester United's Q2 2024 earnings and sales significantly exceeded analysts' expectations, with an adjusted EPS of $0.15 against an estimated $(17.00) and sales of $280.280 million versus the $173.000 million forecast.
The substantial outperformance in both earnings and sales compared to analysts' expectations is likely to instill confidence among investors and could lead to a positive short-term impact on Manchester United's stock price. The significant beat on the EPS estimate, turning an expected loss into a profit, along with a strong sales performance, highlights the company's operational strength and could attract more investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100