Limbach Holdings Q2 2024 GAAP EPS $0.50 Beats $0.37 Estimate, Sales $122.235M Miss $122.650M Estimate
Portfolio Pulse from Benzinga Newsdesk
Limbach Holdings (NASDAQ:LMB) reported Q2 2024 GAAP EPS of $0.50, beating the estimate of $0.37 by 35.14%. However, sales of $122.235M missed the estimate of $122.650M by 0.34%. EPS increased by 8.7% YoY, while sales decreased by 2.12% YoY.
August 06, 2024 | 8:56 pm
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Limbach Holdings reported Q2 2024 GAAP EPS of $0.50, beating estimates by 35.14%, but sales of $122.235M missed estimates by 0.34%. EPS increased by 8.7% YoY, while sales decreased by 2.12% YoY.
The significant beat on EPS is likely to have a positive short-term impact on the stock price, despite the slight miss on sales. The YoY increase in EPS further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100