Timken Q2 2024 Adj. EPS $1.63 Beats $1.60 Estimate, Sales $1.182B Miss $1.183B Estimate
Portfolio Pulse from Benzinga Newsdesk
Timken (NYSE: TKR) reported Q2 2024 adjusted EPS of $1.63, beating the estimate of $1.60. However, sales of $1.182 billion missed the estimate of $1.183 billion. Both EPS and sales showed a decline compared to the same period last year.
July 31, 2024 | 10:53 am
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Timken's Q2 2024 earnings per share of $1.63 beat the analyst estimate of $1.60, but sales of $1.182 billion missed the estimate of $1.183 billion. Both EPS and sales showed a year-over-year decline.
While Timken's EPS beat estimates, the miss on sales and the year-over-year decline in both EPS and sales may create mixed sentiment among investors. The short-term impact on the stock price is likely to be neutral as the positive EPS surprise is offset by the sales miss and overall decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100