APi Gr Q2 2024 Adj. EPS $0.49 Beats $0.47 Estimate, Sales $1.730B Miss $1.790B Estimate
Portfolio Pulse from Benzinga Newsdesk
APi Group (NYSE: APG) reported Q2 2024 adjusted EPS of $0.49, beating the estimate of $0.47, but sales of $1.730 billion missed the $1.790 billion estimate. Sales decreased by 2.32% compared to the same period last year.
August 01, 2024 | 11:33 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
APi Group (NYSE: APG) reported Q2 2024 adjusted EPS of $0.49, beating the estimate of $0.47, but sales of $1.730 billion missed the $1.790 billion estimate. Sales decreased by 2.32% compared to the same period last year.
While APi Group's EPS beat expectations, the miss on sales and the year-over-year decline in sales may offset the positive EPS news, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100