Edgewell Personal Care Q2 2024 Adj EPS $0.88 Beats $0.72 Estimate, Sales $599.400M Miss $606.447M Estimate
Portfolio Pulse from Benzinga Newsdesk
Edgewell Personal Care (EPC) reported Q2 2024 adjusted EPS of $0.88, surpassing the $0.72 estimate, a 57.14% increase from last year. However, sales of $599.4M fell short of the $606.447M estimate, a slight 0.17% increase from the previous year.
May 08, 2024 | 10:05 am
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Edgewell Personal Care reported a strong Q2 2024 adjusted EPS of $0.88, beating estimates, but sales slightly missed expectations.
The significant beat on the EPS estimate, coupled with a modest year-over-year sales growth, suggests a positive outlook for EPC's operational efficiency and profitability. The slight miss on sales estimates may not heavily impact investor sentiment as the earnings beat demonstrates strong financial health. This could lead to a short-term positive impact on EPC's stock price as investors react to the better-than-expected earnings performance.
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