Graco Q2 2024 Adj EPS $0.77 Beats $0.76 Estimate, Sales $553.243M Miss $563.105M Estimate
Portfolio Pulse from Benzinga Newsdesk
Graco (NYSE:GGG) reported Q2 2024 adjusted EPS of $0.77, beating the estimate of $0.76. However, sales of $553.243 million missed the estimate of $563.105 million. EPS increased by 2.67% year-over-year, while sales decreased by 1.14%.
July 24, 2024 | 8:12 pm
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Graco's Q2 2024 earnings per share of $0.77 beat estimates, but sales of $553.243 million missed expectations. EPS increased by 2.67% year-over-year, while sales decreased by 1.14%.
While Graco's EPS beat expectations, the miss on sales and the year-over-year decline in revenue may neutralize the positive impact of the earnings beat. Investors may have mixed reactions, leading to a neutral short-term price impact.
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IMPORTANCE 80
RELEVANCE 100