Global Business Travel Q2 2024 GAAP EPS $0.06 Beats $(0.08) Estimate, Sales $625.000M Miss $628.847M Estimate
Portfolio Pulse from Benzinga Newsdesk
Global Business Travel (GBTG) reported its Q2 2024 financial results, with GAAP EPS of $0.06 beating the estimate of $(0.08), but sales of $625 million missing the estimate of $628.847 million.
August 06, 2024 | 11:49 am
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Global Business Travel (GBTG) reported better-than-expected GAAP EPS of $0.06 for Q2 2024, surpassing the estimate of $(0.08). However, sales came in slightly below expectations at $625 million compared to the $628.847 million estimate.
The positive EPS surprise is likely to have a more significant impact on investor sentiment than the slight miss in sales. The market often reacts more strongly to earnings beats, which could drive the stock price up in the short term.
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