Lennox Intl Q2 Adj $6.83 Beats $6.57 Estimate, Sales $1.45B Miss $1.48B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lennox International (NYSE:LII) reported Q2 earnings of $6.83 per share, beating the analyst estimate of $6.57. However, sales of $1.45 billion missed the $1.48 billion estimate. Earnings increased by 11.06% year-over-year, while sales grew by 2.83%.
July 24, 2024 | 10:48 am
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Lennox International reported Q2 earnings of $6.83 per share, beating estimates, but sales of $1.45 billion missed expectations. Earnings increased by 11.06% year-over-year, while sales grew by 2.83%.
The earnings beat is a positive indicator and shows strong profitability, which is likely to boost investor confidence. However, the sales miss could temper some of the enthusiasm. Overall, the positive earnings surprise is likely to have a more significant impact in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100