Ballys Q2 2024 GAAP EPS $(1.24) Beats $(1.30) Estimate, Sales $621.657M Miss $639.483M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ballys (NYSE:BALY) reported Q2 2024 GAAP EPS of $(1.24), beating the $(1.30) estimate, but sales of $621.657M missed the $639.483M estimate. Sales increased by 2.55% year-over-year.
July 31, 2024 | 9:10 pm
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NEUTRAL IMPACT
Ballys reported a Q2 2024 GAAP EPS of $(1.24), beating the $(1.30) estimate, but sales of $621.657M missed the $639.483M estimate. Sales increased by 2.55% year-over-year.
While Ballys beat the EPS estimate, it missed the sales estimate. The mixed results may lead to a neutral short-term impact on the stock price as investors weigh the earnings beat against the sales miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100