North American Q2 Adj $0.57 Misses $0.61 Estimate, Sales $241.01M Beat $236.61M Estimate
Portfolio Pulse from Benzinga Newsdesk
North American (NYSE:NOA) reported Q2 earnings of $0.57 per share, missing the $0.61 estimate but showing a 62.86% increase from last year. Sales were $241.01M, beating the $236.61M estimate and marking a 67.25% increase from the previous year.
July 31, 2024 | 9:43 pm
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NEUTRAL IMPACT
North American's Q2 earnings per share missed analyst estimates but showed significant year-over-year growth. Sales exceeded expectations and also demonstrated substantial growth.
While the earnings per share missed analyst estimates, the significant year-over-year growth in both earnings and sales is a positive indicator. The mixed results may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100