Old Republic Intl Q1 2024 Adj EPS $0.67 Beats $0.65 Estimate, Sales $1.849B Beat $1.844B Estimate
Portfolio Pulse from Benzinga Newsdesk
Old Republic Intl (NYSE:ORI) reported Q1 2024 adjusted EPS of $0.67, surpassing the $0.65 estimate, and sales of $1.849B, exceeding the $1.844B estimate. This represents a 9.84% increase in earnings and a 6.76% increase in sales compared to the same period last year.
April 25, 2024 | 11:02 am
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Old Republic Intl reported a positive earnings and revenue beat for Q1 2024, indicating strong financial performance.
The positive earnings and revenue beat for Old Republic Intl suggests a strong financial performance, likely leading to increased investor confidence and potential stock price appreciation in the short term. The company's ability to exceed analyst estimates, especially with a notable year-over-year growth in both earnings and sales, indicates operational efficiency and market strength, which are key drivers for stock performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100