Capital Product Partners Q2 2024 GAAP EPS $0.62 Beats $0.22 Estimate, Sales $97.671M Beat $92.605M Estimate
Portfolio Pulse from Benzinga Newsdesk
Capital Product Partners (NASDAQ:CPLP) reported Q2 2024 earnings per share (EPS) of $0.62, significantly beating the analyst estimate of $0.22. The company also reported sales of $97.671 million, surpassing the $92.605 million estimate and showing a 10.32% increase from the same period last year.
August 02, 2024 | 11:48 am
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Capital Product Partners (CPLP) reported Q2 2024 EPS of $0.62, beating the analyst estimate of $0.22 by 181.82%. Sales of $97.671 million also surpassed the $92.605 million estimate, marking a 10.32% increase from the same period last year.
The significant beat on both EPS and sales estimates, along with a notable year-over-year sales increase, is likely to positively impact CPLP's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100