Knight-Swift Q2 2024 Adj EPS $0.24 Misses $0.28 Estimate, Sales $1.85B Beat $1.83B Estimate
Portfolio Pulse from Benzinga Newsdesk
Knight-Swift (NYSE:KNX) reported Q2 2024 adjusted EPS of $0.24, missing the analyst estimate of $0.28 by 14.29%. However, the company reported sales of $1.85 billion, beating the estimate of $1.83 billion by 0.65%. This represents an 18.91% increase over the same period last year.
July 24, 2024 | 8:04 pm
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Knight-Swift's Q2 2024 adjusted EPS missed analyst estimates by 14.29%, but sales beat estimates and increased by 18.91% year-over-year.
The mixed results, with EPS missing but sales beating estimates and showing significant year-over-year growth, are likely to have a neutral short-term impact on the stock price. Investors may weigh the earnings miss against the positive sales performance.
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