Middleby Q2 2024 Adj. EPS $2.39 Beats $2.31 Estimate, Sales $991.546M Miss $994.041M Estimate
Portfolio Pulse from Benzinga Newsdesk
Middleby (NASDAQ:MIDD) reported Q2 2024 adjusted EPS of $2.39, beating the estimate of $2.31, but sales of $991.546 million missed the $994.041 million estimate. EPS decreased by 3.63% year-over-year, and sales decreased by 4.66% year-over-year.
August 01, 2024 | 11:02 am
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Middleby reported Q2 2024 adjusted EPS of $2.39, beating the estimate of $2.31, but sales of $991.546 million missed the $994.041 million estimate. EPS decreased by 3.63% year-over-year, and sales decreased by 4.66% year-over-year.
While Middleby beat EPS estimates, the miss on sales and the year-over-year declines 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 beat is offset by the sales miss and declines.
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