Andersons Q2 2024 Adj. EPS $1.15 Beats $1.09 Estimate, Sales $2.795B Miss $3.200B Estimate
Portfolio Pulse from Benzinga Newsdesk
Andersons (NASDAQ:ANDE) reported Q2 2024 adjusted EPS of $1.15, beating the estimate of $1.09, but sales of $2.795 billion missed the $3.200 billion estimate. EPS decreased by 24.34% year-over-year, and sales decreased by 30.47% year-over-year.
August 06, 2024 | 8:18 pm
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Andersons reported Q2 2024 adjusted EPS of $1.15, beating the estimate of $1.09, but sales of $2.795 billion missed the $3.200 billion estimate. EPS decreased by 24.34% year-over-year, and sales decreased by 30.47% year-over-year.
While Andersons beat EPS estimates, the significant miss on sales and the year-over-year declines in both EPS and sales are likely to create mixed reactions in the market. The positive EPS surprise may provide some support, but the large sales miss and declining year-over-year performance could weigh on the stock.
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