Griffon's substantial beat on both earnings per share and sales estimates for Q2 2024 indicates a strong financial performance, likely leading to increased investor confidence and a positive short-term impact on its stock price. The significant outperformance compared to analyst expectations, especially with an 11.57% increase in earnings per share over the previous year, suggests robust operational efficiency and market demand for its offerings. Despite a slight decrease in sales compared to the same period last year, the beat on estimates is a strong positive signal.