V2X Q2 2024 Adj. EPS $0.83 Beats $0.19 Estimate, Sales $1.072B Beat $1.020B Estimate
Portfolio Pulse from Benzinga Newsdesk
V2X (NYSE:VVX) reported Q2 2024 earnings of $0.83 per share, significantly beating the analyst estimate of $0.19. Sales also surpassed expectations, reaching $1.072 billion. Despite the earnings beat, EPS decreased by 24.55% compared to the same period last year.
August 06, 2024 | 11:26 am
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V2X reported Q2 2024 earnings of $0.83 per share, beating the analyst estimate of $0.19 by 336.84%. Sales also exceeded expectations at $1.072 billion. However, EPS decreased by 24.55% compared to the same period last year.
The significant earnings beat and sales exceeding expectations are positive indicators for the stock in the short term. However, the decrease in EPS compared to the same period last year may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100