Fortune Brands Q2 Adj $1.16 Beats $1.12 Estimate, Sales $1.24B Miss $1.28B Estimate
Portfolio Pulse from Benzinga Newsdesk
Fortune Brands (NYSE:FBIN) reported Q2 earnings of $1.16 per share, beating the analyst estimate of $1.12. However, sales of $1.24 billion missed the $1.28 billion estimate. Earnings increased by 8.41% year-over-year, while sales grew by 6.53%.
July 25, 2024 | 8:06 pm
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Fortune Brands (NYSE:FBIN) reported Q2 earnings of $1.16 per share, beating the analyst estimate of $1.12. However, sales of $1.24 billion missed the $1.28 billion estimate. Earnings increased by 8.41% year-over-year, while sales grew by 6.53%.
The earnings beat is a positive indicator, but the sales miss could offset some of the optimism. The year-over-year growth in both earnings and sales is a positive sign, but the mixed results may lead to a neutral short-term impact on the stock price.
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