Global Industrial Q2 2024 GAAP EPS $0.52, Inline, Sales $347.800M Miss $348.839M Estimate
Portfolio Pulse from Benzinga Newsdesk
Global Industrial (NYSE:GIC) reported Q2 2024 GAAP EPS of $0.52, meeting analyst expectations. However, sales of $347.8 million missed the $348.839 million estimate by 0.30%, though this represents a 6.75% increase from the same period last year.
July 30, 2024 | 8:35 pm
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Global Industrial reported Q2 2024 GAAP EPS of $0.52, meeting analyst expectations. Sales of $347.8 million missed the $348.839 million estimate by 0.30%, but increased 6.75% year-over-year.
The earnings per share met expectations, which is neutral for the stock price. The slight miss in sales estimates by 0.30% is a minor negative, but the 6.75% year-over-year increase in sales is a positive indicator. Overall, the impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100