Controladora Vuela Q2 2024 GAAP EPS $0.09 Beats $0.05 Estimate, Sales $726.000M Miss $741.970M Estimate
Portfolio Pulse from Benzinga Newsdesk
Controladora Vuela (NYSE:VLRS) reported Q2 2024 GAAP EPS of $0.09, beating the $0.05 estimate by 80%. However, sales of $726M missed the $741.97M estimate by 2.15%, and were down 7.16% from last year.
July 23, 2024 | 5:52 am
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NEUTRAL IMPACT
Controladora Vuela's Q2 2024 earnings per share of $0.09 beat estimates by 80%, but sales of $726M missed expectations by 2.15% and were down 7.16% year-over-year.
While the EPS beat is a positive sign, the miss on sales and the year-over-year decline in revenue could offset the positive sentiment. This mixed result is likely to keep the stock price relatively stable in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100