Manhattan Bridge Capital Q2 2024 GAAP EPS $0.12, Inline, Sales $2.443M Beat $1.446M Estimate
Portfolio Pulse from Benzinga Newsdesk
Manhattan Bridge Capital (NASDAQ: LOAN) reported Q2 2024 GAAP EPS of $0.12, meeting analyst expectations. The company achieved sales of $2.443 million, surpassing the $1.446 million estimate by 68.95%. Sales increased by 1.83% compared to the same period last year.
July 22, 2024 | 11:08 am
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Manhattan Bridge Capital reported Q2 2024 GAAP EPS of $0.12, in line with expectations, and sales of $2.443 million, beating estimates by 68.95%. Sales increased by 1.83% YoY.
The company's earnings met expectations, which is neutral, but the significant beat on sales estimates and year-over-year growth is positive. This should have a favorable short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100