H.B. Fuller Q2 2024 Adj EPS $0.91 Misses $1.03 Estimate, Sales $917.10M Beat $913.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
H.B. Fuller (NYSE:FUL) reported Q2 2024 earnings per share of $0.91, missing the analyst estimate of $1.03 by 11.65%. However, the company reported sales of $917.10 million, beating the estimate of $913.53 million and showing a 2.10% increase from the same period last year.
June 26, 2024 | 8:07 pm
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H.B. Fuller reported Q2 2024 earnings per share of $0.91, missing the analyst estimate of $1.03 by 11.65%. However, the company reported sales of $917.10 million, beating the estimate of $913.53 million and showing a 2.10% increase from the same period last year.
The miss on EPS by 11.65% is likely to have a negative impact on the stock price in the short term, despite the slight beat on sales and year-over-year sales growth. Investors often react more strongly to earnings misses than to sales beats.
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