UPDATE: Cohen & Steers Q2 Adj $0.68 Beats $0.67 Estimate, Sales $121.72M Beat $121.48M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cohen & Steers (NYSE:CNS) reported Q2 earnings of $0.68 per share, beating the analyst estimate of $0.67. Sales were $121.72M, slightly above the $121.48M estimate. Despite the beat, earnings decreased by 2.86% year-over-year.
July 17, 2024 | 8:37 pm
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Cohen & Steers reported Q2 earnings of $0.68 per share, beating the analyst estimate of $0.67. Sales were $121.72M, slightly above the $121.48M estimate. Despite the beat, earnings decreased by 2.86% year-over-year.
Cohen & Steers' Q2 earnings and sales both beat analyst estimates, which is generally positive for the stock. However, the year-over-year decline in earnings may temper investor enthusiasm. Overall, the short-term impact is likely positive due to the earnings and sales beats.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100