Tradeweb Markets Q2 2024 Adj EPS $0.70 Beats $0.69 Estimate, Sales $404.951M Miss $408.582M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tradeweb Markets (NASDAQ:TW) reported Q2 2024 adjusted EPS of $0.70, beating the estimate of $0.69. However, sales of $404.951 million missed the estimate of $408.582 million. Sales increased by 30.37% compared to the same period last year.
July 25, 2024 | 11:03 am
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Tradeweb Markets reported Q2 2024 adjusted EPS of $0.70, beating the estimate of $0.69. However, sales of $404.951 million missed the estimate of $408.582 million. Sales increased by 30.37% compared to the same period last year.
The EPS beat is a positive indicator, but the sales miss could offset some of the optimism. The significant YoY sales increase is a strong positive, but the mixed results may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100