New Mountain Finance Q2 2024 GAAP EPS $0.36, Inline, Sales $94.588M Beat $89.604M Estimate
Portfolio Pulse from Benzinga Newsdesk
New Mountain Finance (NASDAQ: NMFC) reported Q2 2024 GAAP EPS of $0.36, meeting analyst expectations. The company achieved quarterly sales of $94.588 million, surpassing the $89.604 million estimate by 5.56%, despite a slight year-over-year decline of 0.95%.
July 31, 2024 | 9:07 pm
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New Mountain Finance reported Q2 2024 GAAP EPS of $0.36, meeting analyst expectations. The company achieved quarterly sales of $94.588 million, surpassing the $89.604 million estimate by 5.56%, despite a slight year-over-year decline of 0.95%.
The earnings per share met expectations, which is neutral news. However, the sales beat the estimates by 5.56%, which is positive. The slight year-over-year decline in sales is a minor negative but is outweighed by the sales beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100