T. Rowe Price Gr Q2 2024 Adj EPS $2.26 Misses $2.27 Estimate, Sales $1.733B Miss $1.791B Estimate
Portfolio Pulse from Benzinga Newsdesk
T. Rowe Price Group (NASDAQ:TROW) reported Q2 2024 adjusted EPS of $2.26, missing the consensus estimate of $2.27. The company also reported sales of $1.733 billion, missing the estimate of $1.791 billion. Despite the misses, sales increased by 7.64% year-over-year.
July 26, 2024 | 11:05 am
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T. Rowe Price Group reported Q2 2024 adjusted EPS of $2.26, missing the consensus estimate of $2.27. Sales were $1.733 billion, missing the estimate of $1.791 billion. Despite the misses, sales increased by 7.64% year-over-year.
T. Rowe Price Group's Q2 2024 earnings and sales both missed analyst estimates, which is likely to have a negative short-term impact on the stock price. However, the year-over-year sales increase of 7.64% may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100