Axis Capital Holdings Q2 2024 Adj EPS $2.40 Misses $2.59 Estimate, Sales $1.45B Miss $1.52B Estimate
Portfolio Pulse from Benzinga Newsdesk
Axis Capital Holdings (NYSE:AXS) reported Q2 2024 earnings per share of $2.40, missing the analyst estimate of $2.59. Sales were $1.45 billion, also below the $1.52 billion estimate. Despite the misses, sales increased by 4.79% year-over-year.
July 30, 2024 | 8:19 pm
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Axis Capital Holdings reported Q2 2024 earnings per share of $2.40, missing the analyst estimate of $2.59. Sales were $1.45 billion, also below the $1.52 billion estimate. Despite the misses, sales increased by 4.79% year-over-year.
The earnings and revenue misses are likely to negatively impact the stock price in the short term. However, the year-over-year sales increase may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100