MasterBrand Q2 2024 Adj. EPS $0.45 Beats $0.41 Estimate, Sales $676.500M Beat $674.200M Estimate
Portfolio Pulse from Benzinga Newsdesk
MasterBrand (NYSE:MBC) reported Q2 2024 adjusted EPS of $0.45, beating the estimate of $0.41. Sales were $676.5M, surpassing the $674.2M estimate but down 2.68% from last year's $695.1M.
August 06, 2024 | 8:43 pm
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MasterBrand (NYSE:MBC) reported Q2 2024 adjusted EPS of $0.45, beating the estimate of $0.41 by 9.76%. Sales were $676.5M, surpassing the $674.2M estimate but down 2.68% from last year's $695.1M.
The positive earnings surprise and slight revenue beat are likely to have a positive short-term impact on MBC's stock price. However, the year-over-year sales decline may temper some of the enthusiasm.
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