TPG Q2 2024 Adj. EPS $0.49 Beats $0.43 Estimate, Sales $458.996M Miss $465.672M Estimate
Portfolio Pulse from Benzinga Newsdesk
TPG reported Q2 2024 adjusted EPS of $0.49, beating the estimate of $0.43, but sales of $458.996 million missed the estimate of $465.672 million. Sales increased by 60.64% compared to the same period last year.
August 06, 2024 | 12:13 pm
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POSITIVE IMPACT
TPG's Q2 2024 adjusted EPS of $0.49 beat estimates by 13.95%, but sales of $458.996 million missed estimates by 1.43%. Sales increased by 60.64% YoY.
The positive EPS surprise is likely to have a more significant short-term impact on the stock price than the slight miss in sales. The substantial YoY sales growth also adds a positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100