Gulf Island Fabrication Q2 GAAP EPS $0.11 Misses $0.13 Estimate, Sales $41.26M Miss $44.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gulf Island Fabrication (NASDAQ:GIFI) reported Q2 earnings of $0.11 per share, missing the analyst estimate of $0.13. Sales were $41.26M, below the $44.50M estimate. Despite missing estimates, earnings and sales increased year-over-year.
August 06, 2024 | 9:07 pm
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Gulf Island Fabrication reported Q2 earnings of $0.11 per share, missing the $0.13 estimate. Sales were $41.26M, below the $44.50M estimate. Despite missing estimates, earnings and sales increased year-over-year.
Gulf Island Fabrication's Q2 earnings and sales missed analyst estimates, which is likely to negatively impact the stock price in the short term. However, the year-over-year growth in both earnings and sales may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100