Cemtrex Q2 2024 GAAP EPS $(1.45) Down From $(0.82) YoY, Sales $17.16M Beat $16.39M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cemtrex reported a significant increase in its Q2 2024 GAAP EPS losses to $(1.45) from $(0.82) YoY, while its sales of $17.16M exceeded the $16.39M estimate, marking a 6.76% increase from the previous year.
May 14, 2024 | 9:50 pm
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NEUTRAL IMPACT
Cemtrex's Q2 2024 earnings report showed a significant increase in losses per share but also reported higher than expected sales, indicating mixed financial health.
The increase in losses per share could negatively impact investor sentiment and stock price in the short term. However, the beat on sales estimates and year-over-year sales growth could offset some of the negative impact, suggesting a neutral short-term price direction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100