RGC Resources Q2 2024 GAAP EPS $0.63, Sales $32.659M Miss $34.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
RGC Resources (NASDAQ:RGCO) reported Q2 2024 earnings of $0.63 per share with sales of $32.659M, missing the consensus estimate of $34.000M by 3.94%. This represents a 14.12% decrease in sales compared to the same period last year.
May 01, 2024 | 9:43 pm
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RGC Resources reported a miss in Q2 2024 earnings with a decrease in sales compared to last year.
Missing sales and earnings estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The reported decrease in sales year-over-year further compounds the negative outlook, indicating potential underlying issues in revenue generation or market conditions.
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