Advantage Solutions Q2 2024 Adj. EPS $(0.04) Misses $0.10 Estimate, Sales $873.357M Beat $753.154M Estimate
Portfolio Pulse from Benzinga Newsdesk
Advantage Solutions (NASDAQ:ADV) reported Q2 2024 adjusted EPS of $(0.04), missing the $0.10 estimate by 140%. However, sales of $873.357M beat the $753.154M estimate by 15.96%, despite a 9.38% decrease from the same period last year.
August 07, 2024 | 12:14 pm
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NEUTRAL IMPACT
Advantage Solutions reported a significant miss on EPS but a notable beat on sales. The mixed results could lead to short-term volatility in the stock price.
The significant miss on EPS is a negative indicator, but the strong sales beat provides a positive counterbalance. The mixed results are likely to cause short-term volatility as investors digest the contrasting signals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100