ACCO Brands Q2 2024 Adj. EPS $0.37 Beats $0.31 Estimate, Sales $438M Miss $452.733M Estimate
Portfolio Pulse from Benzinga Newsdesk
ACCO Brands reported Q2 2024 adjusted EPS of $0.37, beating the estimate of $0.31. However, sales came in at $438 million, missing the estimate of $452.733 million.
August 01, 2024 | 8:08 pm
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ACCO Brands reported better-than-expected Q2 2024 adjusted EPS of $0.37, surpassing the estimate of $0.31. However, the company missed its sales estimate, reporting $438 million compared to the expected $452.733 million.
The mixed results, with EPS beating expectations but sales missing, are likely to have a neutral short-term impact on ACCO's stock price. Investors may be encouraged by the EPS beat but concerned about the sales miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100