Consolidated Comms Hldgs Q2 2024 Adj. EPS $(0.37) Beats $(0.43) Estimate, Sales $268.700M Miss $268.971M Estimate
Portfolio Pulse from Benzinga Newsdesk
Consolidated Communications Holdings (NASDAQ:CNSL) reported a Q2 2024 adjusted EPS of $(0.37), beating the analyst estimate of $(0.43). However, sales of $268.7 million missed the estimate of $268.971 million and decreased by 2.35% year-over-year.
August 06, 2024 | 12:01 pm
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Consolidated Communications Holdings (NASDAQ:CNSL) reported a Q2 2024 adjusted EPS of $(0.37), beating the analyst estimate of $(0.43). However, sales of $268.7 million missed the estimate of $268.971 million and decreased by 2.35% year-over-year.
The EPS beat is a positive sign, but the miss on sales and the year-over-year decline in revenue could offset the positive sentiment. This mixed result is likely to result in a neutral short-term impact on the stock price.
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