Acme United Q2 EPS $1.09 Beats $0.94 Estimate, Sales $55.42M Miss $56.54M Estimate
Portfolio Pulse from Benzinga Newsdesk
Acme United (AMEX:ACU) reported Q2 earnings per share (EPS) of $1.09, beating the analyst estimate of $0.94 by 15.96%. However, sales of $55.42 million missed the $56.54 million estimate by 1.97%. EPS increased by 13.54% year-over-year, while sales grew by 3.92%.
July 19, 2024 | 1:03 pm
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Acme United (AMEX:ACU) reported Q2 EPS of $1.09, beating estimates by 15.96%, but sales of $55.42 million missed estimates by 1.97%. EPS increased by 13.54% year-over-year, while sales grew by 3.92%.
The significant beat on EPS is likely to have a positive impact on the stock price in the short term, despite the slight miss on sales. The year-over-year growth in both EPS and sales further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100