Trex Co Q2 2024 GAAP EPS $0.80 Beats $0.78 Estimate, Sales $376.470M Miss $387.863M Estimate
Portfolio Pulse from Benzinga Newsdesk
Trex Co (NYSE:TREX) reported Q2 2024 earnings per share (EPS) of $0.80, beating the analyst consensus estimate of $0.78. However, the company's sales of $376.470 million missed the estimate of $387.863 million. Despite the miss, sales increased by 5.59% compared to the same period last year.
August 06, 2024 | 8:07 pm
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Trex Co reported Q2 2024 EPS of $0.80, beating estimates, but sales of $376.470 million missed expectations. Sales increased by 5.59% YoY.
While Trex Co's EPS beat expectations, the miss on sales could create mixed reactions in the market. The YoY sales increase is a positive sign, but the miss on estimates may temper investor enthusiasm.
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