Wolverine World Wide Q2 Adj $0.15 Beats $0.12 Estimate, Sales $425.20M Beat $411.06M Estimate
Portfolio Pulse from Benzinga Newsdesk
Wolverine World Wide (NYSE:WWW) reported Q2 earnings of $0.15 per share, beating the analyst estimate of $0.12. Sales were $425.20 million, surpassing the $411.06 million estimate. However, both earnings and sales decreased compared to the same period last year.
August 07, 2024 | 10:32 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Wolverine World Wide reported Q2 earnings of $0.15 per share, beating the analyst estimate of $0.12. Sales were $425.20 million, surpassing the $411.06 million estimate. However, both earnings and sales decreased compared to the same period last year.
The positive earnings and sales surprise are likely to have a short-term positive impact on the stock price. However, the year-over-year decline in both metrics may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100