Climb Global Solutions Q2 2024 Adj. EPS $0.83 Beats $0.48 Estimate, Sales $92.076M Miss $97.266M Estimate
Portfolio Pulse from Benzinga Newsdesk
Climb Global Solutions (NASDAQ:CLMB) reported Q2 2024 adjusted EPS of $0.83, beating the $0.48 estimate by 72.92%. However, sales of $92.076M missed the $97.266M estimate by 5.34%. EPS increased by 15.28% YoY, while sales grew by 12.66% YoY.
August 06, 2024 | 9:14 pm
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Climb Global Solutions reported strong Q2 2024 EPS of $0.83, significantly beating estimates, but sales missed expectations. EPS grew 15.28% YoY, and sales increased 12.66% YoY.
The significant beat on EPS is a positive indicator for the stock, likely driving short-term price appreciation. However, the sales miss may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100