Cencora Q2 2024 Adj EPS $3.80 Beats $3.69 Estimate, Sales $68.400M Miss $70.653B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cencora reported Q2 2024 adjusted EPS of $3.80, surpassing the $3.69 estimate. However, its sales of $68.400M fell short of the $70.653B estimate, missing by 99.90%.
May 01, 2024 | 10:30 am
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NEUTRAL IMPACT
Cencora's Q2 2024 earnings beat EPS estimates but missed sales forecasts significantly.
While Cencora's EPS outperformance may provide some positive sentiment, the significant miss on sales forecasts could raise concerns about revenue growth and operational efficiency. The mixed results present a neutral outlook in the short term as investors weigh the EPS beat against the sales miss.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100