Universal Stainless Q2 2024 GAAP EPS $0.90 Beats $0.42 Estimate, Sales $82.759M Beat $80.375M Estimate
Portfolio Pulse from Benzinga Newsdesk
Universal Stainless (NASDAQ:USAP) reported Q2 2024 earnings of $0.90 per share, significantly beating the analyst estimate of $0.42. The company also reported sales of $82.759 million, surpassing the $80.375 million estimate and marking a 19.91% increase from the same period last year.
July 31, 2024 | 10:46 am
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Universal Stainless reported Q2 2024 earnings of $0.90 per share, beating the analyst estimate of $0.42 by 114.29%. Sales of $82.759 million also exceeded expectations, showing a 19.91% increase from the same period last year.
The significant beat on both earnings per share and sales figures is likely to positively impact USAP's stock price in the short term. The 114.29% beat on EPS and the 2.97% beat on sales, along with a 19.91% year-over-year increase in sales, indicate strong financial performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100