COPT Defense Q2 2024 GAAP EPS $0.31, Inline, Sales $187.34M Beat $168.33M Estimate
Portfolio Pulse from Benzinga Newsdesk
COPT Defense (NYSE:CDP) reported Q2 2024 GAAP EPS of $0.31, meeting analyst expectations. The company also reported quarterly sales of $187.34 million, surpassing the analyst consensus estimate of $168.33 million by 11.29%.
July 29, 2024 | 8:20 pm
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COPT Defense reported Q2 2024 GAAP EPS of $0.31, meeting analyst expectations. The company also reported quarterly sales of $187.34 million, surpassing the analyst consensus estimate of $168.33 million by 11.29%.
The earnings per share (EPS) meeting expectations is neutral news, but the significant beat on sales by 11.29% is positive. This indicates strong revenue performance, which is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100