GE Vernov Q2 Sales $8.2B Miss $8.259B Estimate
Portfolio Pulse from Benzinga Newsdesk
GE Vernov (NYSE:GEV) reported Q2 sales of $8.2 billion, missing the analyst consensus estimate of $8.259 billion by 0.71%.
July 24, 2024 | 10:26 am
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GE Vernov reported Q2 sales of $8.2 billion, which missed the analyst consensus estimate of $8.259 billion by 0.71%. This slight miss could lead to a minor negative impact on the stock price in the short term.
The reported sales figure of $8.2 billion is slightly below the analyst estimate of $8.259 billion. While the miss is minor (0.71%), it could still lead to a short-term negative reaction in the stock price as investors may view the miss as a sign of underperformance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100