Marine Prods Q2 EPS $0.14, Inline, Sales $69.55M Beat $65.35M Estimate
Portfolio Pulse from Benzinga Newsdesk
Marine Prods (NYSE:MPX) reported Q2 earnings per share of $0.14, meeting analyst expectations but showing a significant year-over-year decline. Sales were $69.55 million, beating estimates but also down significantly from the previous year.
July 25, 2024 | 10:49 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Marine Prods reported Q2 EPS of $0.14, meeting expectations but down 66.67% YoY. Sales of $69.55M beat estimates but were down 40.13% YoY.
While Marine Prods met EPS expectations and beat sales estimates, the significant year-over-year declines in both metrics may concern investors. The mixed results could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100