Shyft Group Q2 Adj $0.16 Beats $0.09 Estimate, Sales $192.78M Miss $201.47M Estimate
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Shyft Group (NASDAQ:SHYF) reported Q2 earnings of $0.16 per share, beating the analyst estimate of $0.09. However, sales of $192.78 million missed the $201.47 million estimate. Earnings decreased by 36% year-over-year, and sales decreased by 14.36% year-over-year.
July 25, 2024 | 11:34 am
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Shyft Group reported Q2 earnings of $0.16 per share, beating the analyst estimate of $0.09. However, sales of $192.78 million missed the $201.47 million estimate. Earnings decreased by 36% year-over-year, and sales decreased by 14.36% year-over-year.
While Shyft Group's earnings per share beat expectations significantly, the miss on sales and the year-over-year declines in both earnings and sales create a mixed outlook. The positive earnings surprise may provide some short-term support, but the overall decline in financial performance could limit upside potential.
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