Sterling Infrastructure Q2 2024 GAAP EPS $1.67 Beats $1.42 Estimate, Sales $582.822M Beat $563.233M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sterling Infrastructure (NASDAQ:STRL) reported Q2 2024 GAAP EPS of $1.67, beating the estimate of $1.42. Sales were $582.822M, surpassing the $563.233M estimate and showing an 11.58% increase from the same period last year.
August 05, 2024 | 8:30 pm
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Sterling Infrastructure (NASDAQ:STRL) reported strong Q2 2024 results with GAAP EPS of $1.67 beating estimates by 17.61% and sales of $582.822M exceeding expectations by 3.48%. Sales increased by 11.58% YoY.
The strong earnings and sales performance, beating analyst estimates and showing significant year-over-year growth, are likely to positively impact Sterling Infrastructure's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100