V2X Q1 2024 Adj. EPS $0.90 Up From $0.83 YoY, Sales $1.010B Beat $974.040M Estimate
Portfolio Pulse from Benzinga Newsdesk
V2X (NYSE:VVX) reported Q1 2024 adjusted EPS of $0.90, up 8.43% from $0.83 YoY, with sales of $1.010B beating the $974.040M estimate, a 7.05% increase YoY.
May 07, 2024 | 11:34 am
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POSITIVE IMPACT
V2X reported a strong Q1 2024 with adjusted EPS of $0.90, up from $0.83 YoY, and sales of $1.010B, exceeding estimates.
The positive earnings report, showing both an increase in EPS and sales beating estimates, is likely to instill investor confidence and could lead to a short-term uptick in V2X's stock price. The growth in earnings and sales surpassing analyst expectations indicates strong company performance and operational efficiency, which are key drivers for stock appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100