Marten Transport Q2 2024 GAAP EPS $0.10 Misses $0.11 Estimate, Sales $246.200M Miss $249.110M Estimate
Portfolio Pulse from Benzinga Newsdesk
Marten Transport (NASDAQ:MRTN) reported Q2 2024 earnings per share of $0.10, missing the analyst estimate of $0.11 by 9.09%. The company also reported sales of $246.2 million, missing the estimate of $249.11 million by 1.17%. Despite the misses, sales increased by 25.85% compared to the same period last year.
July 18, 2024 | 8:04 pm
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Marten Transport reported Q2 2024 earnings per share of $0.10, missing the analyst estimate of $0.11 by 9.09%. The company also reported sales of $246.2 million, missing the estimate of $249.11 million by 1.17%. Despite the misses, sales increased by 25.85% compared to the same period last year.
Marten Transport's earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. However, the significant year-over-year sales growth may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100