Travel+Leisure Q2 2024 Adj EPS $1.52 Beats $1.40 Estimate, Sales $985.000M Miss $987.873M Estimate
Portfolio Pulse from Benzinga Newsdesk
Travel+Leisure (TNL) reported Q2 2024 adjusted EPS of $1.52, beating the estimate of $1.40. However, sales came in at $985 million, slightly missing the estimate of $987.873 million.
July 24, 2024 | 10:33 am
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Travel+Leisure (TNL) reported better-than-expected Q2 2024 adjusted EPS of $1.52, surpassing the estimate of $1.40. However, sales were slightly below expectations at $985 million compared to the $987.873 million estimate.
The positive EPS surprise is likely to have a more significant impact on the stock price than the slight miss in sales. Investors often prioritize earnings over revenue, especially when the EPS beat is substantial.
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