Emerald Holding Q2 2024 GAAP EPS $(0.03) Beats $(0.17) Estimate, Sales $86.000M Miss $87.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Emerald Holding (NYSE:EEX) reported Q2 2024 GAAP EPS of $(0.03), beating the $(0.17) estimate, but missed sales estimates with $86.000M versus $87.000M expected. EPS improved significantly from $(0.29) last year, while sales slightly decreased from $86.500M.
August 07, 2024 | 10:28 am
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Emerald Holding reported better-than-expected EPS for Q2 2024, beating estimates by 82.35%, but missed sales estimates by 1.15%. EPS showed significant improvement from the previous year, while sales saw a slight decline.
The significant beat on EPS estimates and the substantial improvement from the previous year's EPS are positive indicators for the stock. However, the slight miss on sales estimates and the minor decline in sales year-over-year may temper the positive impact. Overall, the news is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100