Boise Cascade Q2 2024 GAAP EPS $2.84 Beats $2.69 Estimate, Sales $1.797B Beat $1.771B Estimate
Portfolio Pulse from Benzinga Newsdesk
Boise Cascade (NYSE:BCC) reported Q2 2024 GAAP EPS of $2.84, beating the analyst estimate of $2.69 by 5.58%. The company also reported sales of $1.797 billion, surpassing the $1.771 billion estimate by 1.46%. However, this represents a 0.99% decrease from the same period last year.
August 05, 2024 | 8:12 pm
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Boise Cascade reported better-than-expected Q2 2024 earnings and sales, with EPS of $2.84 beating estimates by 5.58% and sales of $1.797 billion surpassing expectations by 1.46%. Despite a slight year-over-year sales decline, the positive earnings surprise is likely to boost investor sentiment.
The positive earnings and sales figures, despite a slight year-over-year decline, indicate strong performance relative to expectations. This is likely to result in a short-term positive impact on the stock price as investor sentiment improves.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100