Carter's Q2 Adj $0.76 Beats $0.49 Estimate, Sales $564.40M Miss $568.16M Estimate
Portfolio Pulse from Benzinga Newsdesk
Carter's (NYSE:CRI) reported Q2 earnings of $0.76 per share, beating the analyst estimate of $0.49 by 55.1%. However, sales of $564.40 million missed the $568.16 million estimate, marking a 5.96% decrease from the same period last year.
July 26, 2024 | 10:13 am
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Carter's reported Q2 earnings of $0.76 per share, significantly beating the analyst estimate of $0.49. However, sales of $564.40 million missed the $568.16 million estimate, showing a decline from the previous year.
The significant beat on earnings per share (EPS) is likely to have a positive impact on the stock price in the short term, despite the slight miss on sales. Investors often react more strongly to EPS beats, especially when they are substantial.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100