American Finl Gr Q2 2024 Adj. EPS $2.56 Beats $2.45 Estimate, Sales $1.585B Miss $1.710B Estimate
Portfolio Pulse from Benzinga Newsdesk
American Financial Group (NYSE: AFG) reported Q2 2024 adjusted EPS of $2.56, beating the estimate of $2.45, but sales of $1.585 billion missed the $1.710 billion estimate. EPS increased by 7.56% year-over-year, while sales grew by 5.18%.
August 06, 2024 | 9:02 pm
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American Financial Group (NYSE: AFG) reported Q2 2024 adjusted EPS of $2.56, beating the estimate of $2.45, but sales of $1.585 billion missed the $1.710 billion estimate. EPS increased by 7.56% year-over-year, while sales grew by 5.18%.
While AFG's EPS beat estimates and showed a significant year-over-year increase, the miss on sales figures could temper investor enthusiasm. The mixed results may lead to a neutral short-term impact on the stock price.
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