Arch Capital Group Q2 Adj $2.57 Beats $2.20 Estimate, Sales $3.56B Miss $3.97B Estimate
Portfolio Pulse from Benzinga Newsdesk
Arch Capital Group (NASDAQ:ACGL) reported Q2 earnings of $2.57 per share, beating the $2.20 estimate, but missed sales estimates with $3.56 billion against $3.97 billion expected.
July 30, 2024 | 8:09 pm
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Arch Capital Group reported Q2 earnings of $2.57 per share, beating the $2.20 estimate, but missed sales estimates with $3.56 billion against $3.97 billion expected.
While the earnings per share (EPS) beat expectations significantly, the miss on sales could create mixed reactions in the market. Investors may be pleased with the profitability but concerned about the revenue shortfall.
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