UFP Industries Q2 2024 GAAP EPS $2.05 Beats $2.03 Estimate, Sales $1.901B Beat $1.872B Estimate
Portfolio Pulse from Benzinga Newsdesk
UFP Industries (NASDAQ:UFPI) reported Q2 2024 earnings per share (EPS) of $2.05, beating the analyst estimate of $2.03. Sales were $1.901 billion, also surpassing the $1.872 billion estimate. However, both EPS and sales were down compared to the same period last year.
July 30, 2024 | 11:02 am
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UFP Industries reported Q2 2024 EPS of $2.05, beating the $2.03 estimate. Sales were $1.901 billion, also surpassing the $1.872 billion estimate. However, both EPS and sales were down compared to the same period last year.
The positive earnings and sales figures beating analyst estimates are likely to have a short-term positive impact on UFPI's stock price. However, the year-over-year decline in both EPS and sales may temper investor enthusiasm.
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IMPORTANCE 80
RELEVANCE 100