Olympic Steel Q2 2024 Adj. EPS $0.60 Beats $0.55 Estimate, Sales $526.250M Miss $536.877M Estimate
Portfolio Pulse from Benzinga Newsdesk
Olympic Steel (NASDAQ:ZEUS) reported Q2 2024 adjusted EPS of $0.60, beating the estimate of $0.55. However, sales of $526.250M missed the estimate of $536.877M and were down 7.56% year-over-year.
August 01, 2024 | 9:00 pm
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Olympic Steel (NASDAQ:ZEUS) reported Q2 2024 adjusted EPS of $0.60, beating the estimate of $0.55. However, sales of $526.250M missed the estimate of $536.877M and were down 7.56% year-over-year.
The EPS beat is a positive sign, but the sales miss and year-over-year decline in revenue could neutralize the positive impact. Investors may have mixed reactions, leading to a neutral short-term price impact.
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