Global Indemnity Group Q2 2024 Adj. EPS $0.72 Beats $0.52 Estimate, Sales $108.687M Miss $114.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Global Indemnity Group (NYSE:GBLI) reported Q2 2024 adjusted EPS of $0.72, beating the estimate of $0.52 by 38.46%. However, sales of $108.687 million missed the $114.000 million estimate and were down 23.40% year-over-year.
August 07, 2024 | 12:03 pm
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Global Indemnity Group's Q2 2024 earnings per share of $0.72 beat estimates by 38.46%, but sales of $108.687 million missed expectations and were down 23.40% year-over-year.
The positive EPS surprise is offset by the significant sales miss and year-over-year decline, leading to a neutral short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100