RF Industries Q2 2024 Adj EPS $0.01 Beats $(0.03) Estimate, Sales $16.110M Miss $16.278M Estimate
Portfolio Pulse from Benzinga Newsdesk
RF Industries (NASDAQ:RFIL) reported Q2 2024 adjusted EPS of $0.01, beating the estimate of $(0.03) by 133.33%. However, sales of $16.110M missed the $16.278M estimate by 1.03%, marking a 27.75% decrease from the same period last year.
June 13, 2024 | 8:12 pm
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RF Industries reported better-than-expected EPS for Q2 2024 but missed sales estimates and saw a significant YoY decline in revenue.
The better-than-expected EPS is a positive sign, but the miss on sales and significant YoY decline in revenue could offset this, leading to mixed market reactions. Investors may see short-term volatility in RFIL's stock price.
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