CORRECTION: Cencora Q2 Adj. EPS $3.80 Beats $3.69 Estimate, Sales $68.41B Miss $70.65B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cencora (NYSE:COR) reported Q2 adjusted EPS of $3.80, surpassing the $3.69 estimate, marking an 8.57% year-over-year increase. However, its sales of $68.41B fell short of the $70.65B estimate, despite a 7.81% increase from the previous year.
May 01, 2024 | 12:17 pm
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Cencora reported a Q2 adjusted EPS of $3.80, beating estimates, but missed sales forecasts with $68.41B versus the expected $70.65B.
Cencora's mixed Q2 results, with an earnings beat but a miss on sales forecasts, could lead to a neutral short-term impact on its stock price. The positive earnings surprise may be offset by the disappointment in sales, leading to uncertain market reactions.
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