Retail Opportunity Q2 2024 GAAP EPS $0.25, Inline, Sales $83.320M Beat $81.068M Estimate
Portfolio Pulse from Benzinga Newsdesk
Retail Opportunity (NASDAQ:ROIC) reported Q2 2024 GAAP EPS of $0.25, meeting analyst expectations, and sales of $83.320M, beating estimates by 2.78%. EPS decreased by 7.41% year-over-year, while sales increased by 1.56%.
July 23, 2024 | 8:21 pm
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Retail Opportunity (NASDAQ:ROIC) reported Q2 2024 GAAP EPS of $0.25, meeting analyst expectations, and sales of $83.320M, beating estimates by 2.78%. EPS decreased by 7.41% year-over-year, while sales increased by 1.56%.
The earnings per share (EPS) met analyst expectations, which is neutral for the stock price. The sales beat by 2.78% is a positive indicator, but the year-over-year decrease in EPS by 7.41% could offset this positive impact. Overall, the mixed results suggest a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100