UFP Techs Q2 Adj $1.75 Beats $1.53 Estimate, Sales $110.18M Beat $106.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
UFP Technologies (NASDAQ:UFPT) reported Q2 earnings of $1.75 per share, beating the analyst estimate of $1.53 by 14.38%. Sales were $110.18M, surpassing the $106.97M estimate and marking a 10.14% increase from last year.
July 31, 2024 | 1:13 pm
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UFP Technologies reported strong Q2 earnings of $1.75 per share, beating estimates by 14.38%. Sales also exceeded expectations, reaching $110.18M, a 10.14% increase from last year.
The significant beat on both earnings and sales estimates, along with year-over-year growth, is likely to positively impact UFPT's stock price in the short term.
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