StoneX Group Q3 2024 Adj EPS $1.88 Beats $1.78 Estimate, Sales $468.50M Beat $432.43M Estimate
Portfolio Pulse from Benzinga Newsdesk
StoneX Group (NASDAQ:SNEX) reported Q3 2024 adjusted EPS of $1.88, beating the estimate of $1.78. Sales were $468.50M, surpassing the $432.43M estimate but down 39.70% from last year's $776.90M.
August 06, 2024 | 8:22 pm
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StoneX Group reported Q3 2024 EPS of $1.88, beating estimates by 5.62%. Sales of $468.50M also exceeded expectations but were down 39.70% YoY.
The positive earnings and sales figures beating estimates are likely to have a short-term positive impact on the stock price. However, the significant YoY sales decline may temper investor enthusiasm.
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RELEVANCE 100