A.O. Smith Q2 2024 Non-GAAP EPS $1.06, Inline, Sales $1.024B Beat $997.753M Estimate
Portfolio Pulse from Benzinga Newsdesk
A.O. Smith (NYSE:AOS) reported Q2 2024 earnings per share (EPS) of $1.06, which met analyst expectations. The company also reported sales of $1.024 billion, surpassing the analyst estimate of $997.753 million. This represents a 4.95% increase in EPS and a 6.58% increase in sales compared to the same period last year.
July 23, 2024 | 10:58 am
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A.O. Smith reported Q2 2024 earnings per share of $1.06, meeting analyst expectations, and sales of $1.024 billion, beating estimates. This indicates a positive performance with a 4.95% increase in EPS and a 6.58% increase in sales year-over-year.
The company's earnings per share met analyst expectations, which is neutral news. However, the sales beat the estimates, which is positive. The year-over-year increases in both EPS and sales indicate strong performance, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100