World Kinect Q2 2024 Adj EPS $0.48 Misses $0.56 Estimate, Sales $10.965B Miss $11.975B Estimate
Portfolio Pulse from Benzinga Newsdesk
World Kinect (NYSE:WKC) reported Q2 2024 earnings of $0.48 per share, missing the analyst estimate of $0.56. Sales were $10.965 billion, also missing the $11.975 billion estimate. Both earnings and sales were relatively flat compared to the same period last year.
July 25, 2024 | 8:50 pm
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World Kinect reported Q2 2024 earnings of $0.48 per share, missing the analyst estimate of $0.56. Sales were $10.965 billion, also missing the $11.975 billion estimate. Both earnings and sales were relatively flat compared to the same period last year.
The earnings and sales misses are likely to negatively impact the stock price in the short term. Missing both EPS and revenue estimates by significant margins typically results in a negative market reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100