Simpson Manufacturing Co Q2 2024 Adj EPS $2.31 Misses $2.48 Estimate, Sales $597.00M Miss $607.92M Estimate
Portfolio Pulse from Benzinga Newsdesk
Simpson Manufacturing Co (NYSE:SSD) reported Q2 2024 earnings per share of $2.31, missing the analyst estimate of $2.48 by 6.85%. The company also reported sales of $597.00 million, missing the estimate of $607.92 million by 1.80%. Sales decreased by 0.10% compared to the same period last year.
July 22, 2024 | 8:17 pm
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Simpson Manufacturing Co (NYSE:SSD) reported Q2 2024 earnings per share of $2.31, missing the analyst estimate of $2.48 by 6.85%. The company also reported sales of $597.00 million, missing the estimate of $607.92 million by 1.80%. Sales decreased by 0.10% compared to the same period last year.
The earnings and sales figures both missed analyst estimates, which is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100