AMCON Distributing Q2 2024 EPS $0.89 Down From $3.49 YoY; Revenue $601.877M Up From $584.993M YoY
Portfolio Pulse from Benzinga Newsdesk
AMCON Distributing reported a Q2 2024 EPS of $0.89, a decrease from $3.49 YoY, while revenue increased to $601.877M from $584.993M YoY.
April 18, 2024 | 8:13 pm
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AMCON Distributing's Q2 2024 earnings report shows a significant decrease in EPS from $3.49 to $0.89 YoY, but an increase in revenue from $584.993M to $601.877M.
The significant drop in EPS indicates a decrease in profitability, which could negatively impact investor sentiment and stock price in the short term. However, the increase in revenue shows business growth, which might offset some negative perceptions.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100