Knife River Holding Q2 2024 GAAP EPS $1.37 Beats $1.24 Estimate, Sales $806.900M Beat $803.814M Estimate
Portfolio Pulse from Benzinga Newsdesk
Knife River Holding (NYSE:KNF) reported Q2 2024 GAAP EPS of $1.37, beating the analyst estimate of $1.24 by 10.48%. Sales were $806.9M, surpassing the $803.814M estimate. This represents a 37% increase in EPS and a 2.76% increase in sales compared to the same period last year.
August 06, 2024 | 10:05 am
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Knife River Holding (NYSE:KNF) reported strong Q2 2024 earnings, with GAAP EPS of $1.37 beating estimates by 10.48% and sales of $806.9M surpassing expectations. EPS increased by 37% YoY, and sales grew by 2.76% YoY.
The strong earnings report, with both EPS and sales beating analyst estimates, is likely to positively impact Knife River Holding's stock price in the short term. The significant YoY growth in EPS and sales further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100