Cooper-Standard Holdings Q2 2024 Adj. EPS $(0.64) Beats $(2.09) Estimate, Sales $708.362M Miss $735.500M Estimate
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Cooper-Standard Holdings (NYSE:CPS) reported Q2 2024 adjusted EPS of $(0.64), beating the analyst estimate of $(2.09). However, sales of $708.362 million missed the $735.500 million estimate.
August 01, 2024 | 8:47 pm
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Cooper-Standard Holdings reported better-than-expected Q2 2024 EPS of $(0.64), significantly beating the $(2.09) estimate. However, sales of $708.362 million missed the $735.500 million estimate.
The significant beat on EPS suggests improved operational efficiency or cost management, which is positive for the stock. However, the miss on sales indicates potential challenges in revenue generation. Overall, the positive EPS surprise is likely to have a more substantial short-term impact on the stock price.
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