Darling Ingredients Q2 EPS $0.49 Misses $0.0.51 Estimate, Sales $1.46B Inline
Portfolio Pulse from Benzinga Newsdesk
Darling Ingredients (NYSE:DAR) reported Q2 earnings of $0.49 per share, beating the analyst consensus estimate of $0.45 but showing a significant decrease from $1.55 per share last year. Quarterly sales were $1.46 billion, meeting expectations but down from $1.76 billion last year.
July 25, 2024 | 10:45 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Darling Ingredients reported Q2 EPS of $0.49, beating estimates but significantly lower than last year's $1.55. Sales met expectations at $1.46 billion but were down from $1.76 billion last year.
While Darling Ingredients beat the EPS estimate, the significant year-over-year decline in both EPS and sales is likely to negatively impact investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100