TFI International Q2 Adj $1.71 Beats $1.61 Estimate, Sales $2.27B Miss $2.28B Estimate
Portfolio Pulse from Benzinga Newsdesk
TFI International (NYSE:TFII) reported Q2 earnings of $1.71 per share, beating the analyst estimate of $1.61. However, sales of $2.27 billion slightly missed the $2.28 billion estimate. Earnings increased by 7.55% year-over-year, while sales grew by 26.47%.
July 25, 2024 | 8:37 pm
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TFI International reported Q2 earnings of $1.71 per share, beating the analyst estimate of $1.61. Sales of $2.27 billion slightly missed the $2.28 billion estimate. Earnings increased by 7.55% year-over-year, while sales grew by 26.47%.
The earnings beat is a positive indicator for the stock, showing strong profitability. The slight miss in sales is less concerning given the significant year-over-year growth. Overall, the positive earnings surprise is likely to have a favorable short-term impact on the stock price.
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